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 tpaymanson Jan 27, 2010 12:04pm

129 Views

Post# 16723965

RE: RE: RE: RE: RE: RE: Dilution

Oldhand 17, You look to the future and offcourse that is verry good. But I iam here for a long time and I see dilution after dilution after dilution. Beside this there have been made a lot off promisses and only a few are achieved.

For instanse can you tell me why they bought a compressor for 900.000 dollar! Is that a good companies habbit to have one. Do you want to drill first and then shoot a 3-d or do you like to turn that around? The directer had said statements he could not justify so he had to correct by the txt venture stockexchange of Canada!

Thats why i aim concerned! I have money in this and don't want to be a blind optimist.

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