RE:Oil is going up. NOG so far has been a one-trick pony - land rights acquisition.
Wells that were developed were sold or shared-out, Endeavour turned up dry and the drillers who worked on it were paid in worthless shares, so they won't be back any time soon. Natural gas looks like it may stay at historic lows for many years to come now... Basically, there's no money on the horizon here...
I sold half my stake over a year ago, and am holding only because the shares aren't worth much and I have lots of "investor time". They're a long-shot gamble as far as I'm concerned.
GLTA!