Kentex Petroleum closing on Northern Oil and Gas buyadmin
March 23, 2007 – Posted in Mining Services, Oil and Gas
Salt Lake-based Kentex Petroleum Inc. said Thursday it has closed on its acquisition of Northern Oil and Gas Inc., a Nevada oil and gas exploration and development corporation.
Terms were not disclosed, although the transaction is being treated as a reverse merger with Northern Oil as the surviving entity.
Northern Oil is focused on drilling exploratory and developmental wells primarily in the Rocky Mountain region.