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 Oilseekeron Dec 15, 2010 3:50pm

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Post# 17852046

RE: NOG has a new partner

Wed, 05 Aug 2009 13:00:00 CST

Daily Oil Bulletin

Nordic Oil and Gas Ltd. and its joint venture partner, Western Warner Oils Ltd., have entered into a strategic development agreement with Hunt Oil Company whereby Nordic has the opportunity to earn an interest in the Hunt-owned land at Preeceville, Saskatchewan.

Nordic Oil and Gas and Hunt Oil Enter into Strategic Development Agreement

07/30/2009

Nordic Oil & Gas Ltd. announced that the company, along with its Joint Venture partner, Western Warner Oils Ltd., has entered into a strategic development agreement with Hunt Oil Company whereby Nordic has the opportunity to earn an interest in the Hunt-owned land in Preeceville, Saskatchewan. The ensuing exploration work on the lands will result in Hunt having the option to participate on a 50-50 go forward basis with Nordic, or allow Nordic to retain a 100% interest in the land with Hunt earning a Gross Overriding Royalty. Hunt owns approximately 153,600 acres of land in Preeceville situated a few miles southeast of the Nordic lands

This was a release on July 30, 2009 for the JV venture between Nordic and thier partner Western Warner Oils Ltd. with Hunt Oil, so if Hunt is selling their position in Canada would this deal still exist
or would Nordic retain 100% without the buying party particiating, Comments Please

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