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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

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

Bullboard Posts
Comment by Oilseekeron Feb 09, 2011 1:10pm
309 Views
Post# 18102689

RE: RE: RE: RE: Positive News Today But ..........

RE: RE: RE: RE: Positive News Today But ..........

January, 2011

 ASX

In addition, first quarter spending will also include carryover activity as we complete and add production from wells that were drilled in the fourth quarter of 2010.  The Company has submitted applications for approval for twelve wells (6 net wells) program for approval in 2011.

 

VANCOUVER, BRITISH COLUMBIA, Feb 09, 2011 (MARKETWIRE via COMTEX News Network) --

Alberta Star Development Corp. (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD) (the "Company") is pleased to announce that the Company intends to participate in drilling three additional wells (1 net to the Company) in the Lloydminster area of Alberta. The wells are in addition to the Company's previously announced Phase 3 drilling program. The three well project is scheduled to include drilling, completion and bringing onto production three in-fill heavy oil wells at the following locations: C6-24-050-02-W4, 3D-11-050-02-W4 and C7-14-050-02-W4. Once completed this program will increase the number of Lloydminster heavy oil wells that the Company has an interest to seventeen (17). The Company has a 33 1/3 working interest in the three additional wells.

As  you can see that the partners (ASX-WPP) are slated to drill 12 wells in that area in the first quarter and now they have added 3 more wells so I think that those permits are being applied for now.  The drilling on the last three wells could commmence late in the first quarter or early second quarter depending on permitting time line.  The 12 wells are infill wells so 98% with little or no rist factor. Hope that helps

Year of the Profit, Oilseeker
Bullboard Posts