NOG Provides Operations Update

Link to press release.

Northern Oil expects first quarter 2012 production to increase approximately 20% compared to fourth quarter 2011, resulting in an average of approximately 8,500 barrels of oil equivalent per day.  During the first two months of the quarter, the weighted average days on production was approximately 49 out of a possible 60 producing days, or approximately 82% of potential producing days.  The weighted average days on production was impacted by non-producing days caused by work-over activities primarily related to the drilling of infill wells and seasonal take away constraints.  Preliminary estimates of March's weighted average days on production appear to be consistent with the first two months of the first quarter.  Northern Oil believes the weighted average days on production will improve as seasonal take away constraints reduce and work-over delays lessen.