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 > Letter from Bain

<< Previous

Bullboard Posts

Next >>

Comment by rocknroll2008on May 19, 2016 6:32pm

205 Views

Post# 24890447

RE:Letter from Bain

So let me get this straight.
They appoint new auditors a year ago. But the new auditors aren't yet qualified to be auditors, and NOG doesn't bother to mention that to its shareholders.
A year goes by, and as the April 30 deadline approaches, they discover that their new auditors won't be qualified.
So what were they doing for the last 12 months? Why were they unprepared for this by April 30? And why did it take until May 17 to explain to their shareholders why they have been cease traded?

<< Previous

Bullboard Posts

Next >>

BMO launches enhanced platform with tools for options trading