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 Feb 19, 2010 9:25am

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Post# 16799101

RE: Cheap Oil Play

On 5 february I sold all my Nordic shares. (105.000) @ 10 cent ( 3* 30.000 and 1* 15.000)

I don't believe the share price will rice in nearby future. Instead i aim in Questerre, Canadian Quantum Energy Corporation, and ProspEx Resources Ltd. The last one I found due to David, thanks!

In fact Nordic and Prospex have the same value per share. Prospex 10 times the production in barrels a day, 20 times more in price but half the amount off shares. So per share per barrel the same but Prospex is far more developed.

For all those who will stay here: good luck but I am out.

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