Northern Oil And Gas Announced That It Has Exercised Its Option To Acquire A 20% Undivided Stake In The Altamont Assets In Partnership With SM For A Purchase Price, Net To NOG, Of $17.5M In Cash, Subject To Customary Closing Adjustments
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Northern Oil and Gas (NOG) has exercised its option to acquire a 20% undivided stake in the Altamont assets in partnership with SM for $17.5 million in cash, subject to customary closing adjustments.
August 07, 2024 | 10:10 am
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Northern Oil and Gas (NOG) has exercised its option to acquire a 20% undivided stake in the Altamont assets for $17.5 million in cash, in partnership with SM. This acquisition could enhance NOG's asset base and future revenue potential.
The acquisition of a 20% stake in the Altamont assets for $17.5 million in cash is likely to positively impact NOG's stock price in the short term. This move could enhance NOG's asset base and future revenue potential, making it a strategic acquisition.
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