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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 robert1958on Jan 12, 2011 5:35pm
466 Views
Post# 17962453

Thoughts

ThoughtsIt is my belief that Mr.Benson went to the well head to witness the fruition of his dream. It has been his conviction that there is oil in that area and he has dedicated a significant amount of time and energy to this endeavour, to sit in the office while the true value of the find is being established does not fit my picture of Mr.Benson. It is my firm belief that there is oil and not just a little amount, if you have a pet project and it succeeds then you want to be there, if it fails then the last place you want to be is anywhere near it. Quite likely he was present while the individual intervals were examined and left only when the 4 zones were completed and leaving only the aggregate volume to be finalized and he likely has a good idea of what that will be. Of course this is all just conjecture on my part and i might be completely wrong, but i would think based on Mr. Benson this might be close to the real picture.

Regards
Bullboard Posts