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.

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Northern Oil and Gas Inc

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Comment by mailmancpon Jan 30, 2011 3:10pm

401 Views

Post# 18047451

No money for Well #2 is a myth

Linemax I appreciate your comments both negative and positive.   I too think that its good to hold a balanced view rather than all positive.

What I will say though just to correct you is they will have access to a portion of the $10 million dollars in 2 weeks.   This money will be accessed for drilling in the Preeceville.   This information was given to me directly from Don Bain.   So the thought that there is no money for Well #2 is a myth.

Good to hear your comments.   Cheers

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