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Title : NOG Has Two Press Releases Today -- March 19, 2018
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NOG Has Two Press Releases Today -- March 19, 2018

NOG announces public offering of $105 million of shares of its common stock with option for an additional $15.75 million. Why? To pursue acquisition opportunities, to fund its drilling program and for general corporate purposes (other than the repayment of debt).

NOG announces 1Q18 update and increases 2018 production guidance.

• expecting first quarter 2018 average daily production to increase by 5% to 6% over fourth quarter 2017, a sequential increase of nearly 1,000 barrels of oil equivalent per day
• raising full year 2018 production guidance; now expecting average daily production to increase by 18% to 22% over 2017, compared to prior guidance indicating a 16% to 20% increase
• Northern added a total of 3.6 net wells to production in January and February; continues to expect to add between 20 and 22 net wells to production during 2018 

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