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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 Caslan888on Jan 27, 2011 1:06pm
294 Views
Post# 18035369

RE: RE: News - Shares for debt

RE: RE: News - Shares for debtThis was probably a good deal at the time of proposal for the people they owed money to.  They got shares based on .175 and would be able to sell them for more.  Now the deals gone through and the shares are worth half the money almost.  Nice one Benson!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities