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 chad07on Jan 27, 2011 1:35pm

298 Views

Post# 18035597

RE: RE: RE: News - Shares for debt

I don't subscride to this theory...

I Don't think it would be in the companies best interest to convince"suckhole" 10 groups you owe money to, or work with, to negotiate shares for your company for debt payment if you knew they would drop because the hole you were working on is a dud, or that your overall plan was BAD! Seems to me, someone knows more then we do.

Would you do that? Do you really think that was a good deal for them? for us? Do you really think that it was all negotiated before they had any idea the shareprice would drop to .105? What about that huge sell/controlled buy at .105 yesterday?

Your comments to this are very welcome.

ALL IMHO

Cheers

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