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 principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily 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. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.

NYSE:NOG - Post by User

Northern Oil and Gas Inc

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Comment by TooL8on Jan 28, 2011 8:07am

280 Views

Post# 18039254

RE: Shares for Debt

I guess this group of debtors would rather have .175 shares presently than cash. Looking good.

Jan. 27, 2011 (Market News Publishing) --

NORDIC OIL & GAS LTD ("NOG-V") - Shares for Debt Settlements

Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company" or "Nordic"), announces that Nordic has entered into debt settlement agreements with 10 un-related parties for trade services, whereby aggregate debt of $199,120.49 will be settled through the issuance of 1,137,832 Class A Common Shares of the Company at a deemed price of
.175 per share.

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