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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

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

Bullboard Posts
Post by mailmancpon Dec 20, 2010 3:28pm
298 Views
Post# 17872319

Phone call from Don Bain Update

Phone call from Don Bain UpdateI just got off of the phone with Don.   Of course Don is tight lipped on what he can say.   This is what he could say though.

-Donald Benson is still on site

-Drilling has gone slower than thought/planned

-Should hit the basement either late tonight or early morning

-24 hour drill crews working so we are close to completion

-No major hangups during drilling.  Drilling was only a bit slower than planned

-Data loggers should be on site over the next couple of days (once drilling is officially finished)

-Unknown if drillers will move onto next drilling location right away as we are so close to Christmas

-Don feels that news should be out this week.   Again it depends on the Data loggers  and of course officially being completed drilling. 

-Overall Don feels that the hole has been a success without saying anything on what if anything they have found.  

I hope this helps out.
Bullboard Posts