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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
Comment by Caslan888on Dec 27, 2010 3:51am
517 Views
Post# 17896576

RE: RE: RE: 100 meters of pay zone?

RE: RE: RE: 100 meters of pay zone?There is no possible way that there is 100m of pay you guys, its just not possible.  The oil sands don't even get that much.  They basically take samples every joint of drill pipe, which is around 9ish meters long.  They will grab these samples for the geo to take composite look at the subsurface geology and compare them to historical finds. If you look back at the lloyd wells, they were ecstatic over 3+m of pay in the Sparky.  I don't mean to be a debby downer, but if they had over 100m of pay, even the bashers with 20 shares would be rich as it would be the biggest find in the history of alberta.  Not the case.  Lets hope for 5m+ of pay, which would yield 30-40bbl/day volumes.  Not a pumper, not a basher - just an albertan with over 700k shares in this roll of a dice.

Bullboard Posts