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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Comment by McLachertyon Jan 25, 2011 10:03pm

184 Views

Post# 18026423

RE: Trade.

Optioning mineral rights in Saskatchewan from 9 land holders would be my best guess of cost and why they converted to shares. JMO ----------Original Message Posted 1/25/2011 9:33:14 PM----------
what are you talking about - they got stock priced at .175 not .12.
NOG only gets the $10 mil from the credit facility if they hit oil in Endeavor not for use where ever and for future drilling in this area only.
oilfield supply and service companies do not want stock - they want cash and they want it now - they complain like crazy because most oil companies pay in 90 days after recieving invoice.

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