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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

Post by jjeerryyon Jan 07, 2015 5:31pm
192 Views
Post# 23295972

oel Recompletion Update

oel Recompletion Update
Sent to my email from Don Bain, of NOG: Noel Recompletion Update This press release is not for dissemination in the United States or for distribution to U.S. news wire services January 6, 2015 Winnipeg, Manitoba - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (the “Corporation or Nordic”), today announced the recompletion of the existing well at Noel South began in mid-December and the rig was released after eight days.   “We left the well shut in with the water cushion from the perforation and waited to see the pressure build up over the holidays.  When our consultant returned we had a reading of 5450 KPA (790 PSI) on the casing.  We now intend to have the well swabbed dry and determine the flow rate and place the well on production said Benson.”  This well is tied into the pipeline system and the transportation and processing agreements are in place.   We have engaged the surveyors to commence the resurvey of the same lease as this Cadotte well, for the licencing of the planned Cardium well.  In addition to these two wells Nordic has plans for drilling up to four additional Cardium wells and three Cadotte wells on its Noel North project.  The Noel North project has a standing Cadotte well which the Corporation intends to tie in once the transportation and processing agreement it is arranging is concluded.   About Nordic Oil and Gas Ltd. Nordic Oil and Gas Ltd. is a junior oil and gas company engaged in the exploration and development of oil, natural gas and Coal Bed Methane in Alberta, Saskatchewan and British Columbia.  The Corporation is listed on the TSX Venture Exchange and trades under the symbol NOG.   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.   For additional information, contact:   Donald Benson, President and CEO                                                    Nordic Oil and Gas Ltd.                                                           Tel. 204-955-5042                                                       E-mail: dbenson57@shaw.ca Website www.nordicoilandgas.ca   Follow us on Twitter – Over Nine Thousand do!  www.twitter.com/Nordic_Oil
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