NOG consolidation continuesSince Jan 19th the day after the initial news release we have traded over 9 million shares all at and about .12 cents(between 10-13 cents)
We have gone thru 9 million shares in the last 6 days. It tells you that we have great support for this stock. For a company that has approx 80 million shares(69 according to stockhouse but I believe the real number is 89 million) we have traded thru a good proportion of the companies stock.
Now with this being said I am quite interested to see what goes on in the next few days. We should hear some news out soon about when the acidizing will take place. If we continue to clear up this stock before the news look out. This stock will fly again on its own.
Maybe someone can find out what the real stock numbers are on this company? Is the 89 million including the recent financings that have holds on their trading?
I am looking forward to hearing from NOG about their future plans for both Well #1's date for acidization and for when they plan on drilling #2?
I have a call into management. I hope to get some answers hopefully by tommorow for some other questions I have.
Cheers