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.

NYSE:NOG - Post by User

Northern Oil and Gas Inc

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Comment by tpaymanson Jan 30, 2010 7:22am

317 Views

Post# 16735394

RE: 5 Remaining Wells

Hello everybody,

I hope you don't understand me wrong because I have a nice position in this stock but the answer off Don Bain is puzzling me again.

Why they are in a better position to determine the timing for bringing on the remaining wells after the completing of a Royality Trust Fund? This Trust fund was announced on 11 january but they must have planned it before and at that time they told us the remaining wells would come on production shortly. Even on a news release at 21 january they did not mention an other time scedule.

I have more questions now:

Why not waited with all seven wells if it will be better as Don is telling?

If I want to buy a part off this trust Fund for 25000 dollar, I first like to now what kind of wells are on production and how much oil they produce.

If you want to buy a car do you trust the seller that tells you to pay 25000 dollar in advance and after you may see the car. Are the trust buyers told what we may not know at this moment ? I don't see the point off that.

I think it will always be better to tell the world as soon as possible that you have drilled, tested and put on production a well / wells. I cant see the ratio behind this strategy.

So again this is a very strange answer and I don't believe this? What is your opinion??

I am asking this questions because Nordic is trading under its value and I don't know why?

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