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.

NYSE:NOG - Post by User

Northern Oil and Gas Inc

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Post by mailmancpon Jan 25, 2011 7:00pm

297 Views

Post# 18025589

NOG pays the bills with stock

I like the idea of NOG paying their creditors with stock.    Tell me what creditor would take on this risk if they didnt feel the stock was going higher.

Someone here knows something that Joe Public doesnt.   Usually its the creditors(suppliers) who know what NOG's business is like more than say Joe Public.

Nice to see.   Nice also to see that the big offer at .12 cents was taken off the table after the news release.

I think that the ones that are skittish on NOG are starting to turn to being more positive. Although there will always be guys that Kerogen who cannot under any circumstance come around to being positive about NOG.

Curious what would it take for Kerigan to turn positive?

Cheers

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