Northern Oil and Gas Inc V.NOG

Primary Symbol: NOG

Energy Oil & Gas E&P

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. It acquires wellbore-only working interests in wells. It owns the Utica and Northern Delaware Basin assets. It also owns Point Assets in the Delaware Basin.

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Northern Oil and Gas Inc

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Comment by gregoooon Aug 12, 2008 5:07pm

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Post# 15378280

RE: (we) I get caught up by NOG's mangagement.

IMO NOG has one more chance- that is with the 14-14 well they are going to deepen at Preeceville. Need the license and a drilling rig ASAP.

"This location was originally identified back in 2005 as the best possible candidate for drilling based upon the analysis of the seismic data," said Brahm Silverstone, Nordic's consulting geo-physicist. "The seismic data indicated that this location is on a seismic high with four-way closure."

Otherwise the production at Joffre and Lloyd will only justify the current SP. and give enough cash flow to do a little extra work.

The other long shot is Peace River where they are doing seismic this year and possibly drilling next.

Greg

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