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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 chad07on Feb 17, 2011 7:29pm
251 Views
Post# 18154174

RE: Dept Settlements

RE: Dept SettlementsSeriously? Are they just making up debt to give shares away at this point? This is starting to look stupid. I have never heard of anything like this before. Maybe it's just my lack of experience showing, and this really happens with every Co.

/sigh

I have questions:
1.Do these shares REALLY have a 4 month hold? It says the TSX has approved and shares have been issued each NR. How do we find out for sure, check with TSX?
2.Do they really think this makes them look professional at all? With shareholders or field contractors or peers?
3.Will we ever be able to find out, who and what, each and every one of these debt for shares transactions was for?
4.How many times will the TSX approve these type of transaction within such a small time frame.
5.How can they keep convincing debt holders to accept shares with the same info we, the shareholder have received? What do all these debt holders get to know that we don't? What if the debt holder says no thanks, I want cash, but thanks for the info......and I'm not signing any confidentialaity contract either.
6.How many more people do they owe money to?

I am really hoping this isn't waiting for the puppet show to finish, as I was only here waiting for the main feature.

Cheers

Bullboard Posts