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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
Post by robert1958on Aug 08, 2011 10:42am
387 Views
Post# 18916082

Good Morning

Good MorningLooks like my wish for cheaper shares is possible, thanks in part to S&P as well as NOG. Thanks to lensgto for taking the time to walk in and have a look see. I notice there was no mention of the drainage ditch or pond to help alliviate the water situation, maybe it was not visible. Having spent a lifetime in the Logging industry and having constructed everthing from Toat roads to actual haul roads, if this well head is only 800 feet from the grid road then it would take very little effort or expense to either courdorouy or create a stable road bed, which they would need anyways in the event there is actually a resource that can be extracted. I guess it  might reflect the confidence they feel about what might be downhole. Oh well cheaper shares and the hopes of a settlement with Encana will have me here for awhile.

Regards
Bullboard Posts