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 gregoooon Jan 27, 2011 2:18pm

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Post# 18035968

the deal of shares for pay was probably done when the SP was above .175 and it was a good deal for the vendors. you have to remember that they just recieved approval from the exchange a couple of days ago- this approval process can be lengthy sometimes.

e-mail today that the service rig was released and is gone and that they are trying to coordinate all services as soon as possible- no date as of yet for acidizing and they have enough funds to do the job.

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