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 7:06pm

124 Views

Post# 16726029

RE: GET A GRIP

You can't just sit back as a junior oil & gas company, and say yawere happy with x number of wells, you have to be aggresive.

So.. if that is so why did'nt they do a 40 milj pp when the shareprice was 70 cents? That's agressive and not sitting back. No instead they wanted to buy a compressor of allmost 1 milj. If I was them I had drilled al lot more wells so they could buy each jear one ore do somthing usefull buying share back!

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