Northern Oil & Gas, Inc., is an independent energy company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties. It is focused on the activities primarily on projects based in the Rocky Mountain Region of the United States, specifically the Bakken and Three Forks/Sanish formations within the Williston Basin. As of March 1, 2010, the Company owned working interests in 188 successful discoveries, consisting of 185 targeting the Bakken/Three Forks formation and three targeting a Red River structure. As of December 31, 2009, the Company completed drilling on approximately 10% of the Bakken prospective acreage inventory assuming 640-acre spacing units. As of December 31, 2009, the Company's principal assets included approximately 104,000 net acres located in the Williston Basin region of the northern United States and approximately 10,000 net acres located in Yates County, New York. This company is a vary good stock to have in your portfolio when the over all Markets are under pressure because of geopolitical events or simply because the market is overbought, diversification is the key....
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