1. Limited geographical presence - Northern Continental Resources Inc operates primarily in the United States, which limits its exposure to international markets and potential growth opportunities.

2. Smaller size - Compared to its peers, Northern Continental Resources Inc is a relatively small company, which may limit its ability to compete with larger players in the industry.

3. Limited diversification - The company's focus on oil and gas exploration and production means that it is heavily reliant on the success of these activities, which can be volatile and subject to fluctuations in commodity prices.

4. High debt levels - Northern Continental Resources Inc has a relatively high level of debt, which can limit its financial flexibility and increase its risk profile.

5. Environmental concerns - The company's operations may be subject to environmental regulations and concerns, which can increase costs and limit its ability to operate in certain areas.

6. Dependence on key personnel - Northern Continental Resources Inc may be heavily reliant on key personnel, which can increase the risk of disruption if these individuals leave the company.

7. Limited technological capabilities - The company may have limited technological capabilities compared to its peers, which can limit its ability to innovate and stay competitive in the industry.