UPDATE: CK Cooper Raises Target on Northern Oil & Gas to $35

CK Cooper raises its price target on Buy-rated Northern Oil & Gas

by $4 to $35 a share on proven reserves growth. CK Cooper says, " Proved reserves grew by a whopping 198% from 15.7MMBOE (89% oil/11% NG, 41% proved developed) to 46.8MMBOE (89% oil/11% NG, 34% PD). PV-10 value also increased significantly from $296MM in 2010 to $1.1 Billion in 2011." NOG closed at $23.71 yesterday.