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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 McLachertyon Dec 27, 2010 10:13am
334 Views
Post# 17896751

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

RE: RE: RE: RE: 100 meters of pay zone?Yes you are correct and there are more targets in the area, I have to think that the possibility for a tarsand find is good, maybe not this one but they are in the right area. I have a hunting cabin in Clemenceau which is north of there and also in a good area, I would have to think a find is imminent after being through this area, maybe not NOG but someone will hit big. JMO ----------Original Message Posted 12/27/2010 10:01:10 AM---------- Other than the Alberta comment he is exactly right. No possible way they found 100m of pay zone. Look at the logs from other wells drilled in the area. 10m will be max. They may have found two oil bearing zones, but I think they would have mentioned that. They know a lot more than the news release stated, it will not be a big find, but if it is at all produceable I will be happy.
Bullboard Posts