NOG -- IPAA Presentation -- September, 2011 -- Bakken, North Dakota, USA

Link here (even if you don't get the audio, you can review the slides). I doubt the slides will stay up long, but they will most likely be available at NOG's website.

Some data points (some numbers rounded):

• Increased net acreage from 147,407 acres to 155,000 acres; analyst's estimate at end of 2010: 130,000 net acres
• Participated in >650 gross Bakken/TFS wells; extensive knowledge of the Bakken for a non-driller
• Net well inventory at 3 MB / 3 TFS wells/spacing unit: 726 net
• Acquired 12,700 net acres at $1,995/acre in 2Q11
• No debt
• Reserves: 120% increase since 12/31/10
• PV10: 200% increase since 12/31/10
• Conservative estimates
• Estimating 30 - 40 percent production growth 3Q11 over 2Q11
• Average cost per well: $6.5 million (compare with $9.5 million for KOG)

Unique business plan as I have noted many, many times