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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

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.


NYSE:NOG - Post by User

Bullboard Posts
Post by gregoooon Nov 04, 2008 11:47am
646 Views
Post# 15565244

Update

Update
Got this in reply to some questions I sent to Don Bain:

In response to your inquiries:

1. The Q3 financials will be out sometime during the last week of November.

2. The 3-D seismic in Preeceville will commence this month.

3. The drilling of the new well at Joffre has not as yet started. There were some minor issaues with the landowner over the lease, however they should be cleared up this week and drilling hopefully will commence later this month.

4. The surveying of the leases in Lloydminster took longer than expected, however this is now complete and we have applied for the necessary licenses to begin drilling. Again, drilling should commence later this month.

5. Current production is approximately 250 BOEs/day. We continue to target between 400-500 BOEs/d as our exit for 2008.

Hope this answers all your inquiries.

Don


Don Bain
Corporate Secretary
Nordic Oil and Gas Ltd.
Tel. 204-943-1810
Cell 204-229-7751
Bullboard Posts