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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Comment by robert1958on Jul 18, 2011 10:32am

241 Views

Post# 18841985

RE: Insider buying!

Good Morning all. The fact that Mr. Benson purchases those shares is most encouraging, this week could possibly be the turning point for the company if they are able to perform the squeeze. We should also be getting some flow data on that Loydminster gas well. I thought i read somewhere that the company has till the 2nd of August to purchase that 3rd line of siesmic data on the new area in tha Bakkans.
It looks like there is still some resistance to the upward movement of the SP but with results from the 4-11 that will hopefully melt away

Regards

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