NOG: 4Q12 and Full Year

From Yahoo! In-Play:

Northern Oil & Gas beats by $0.07, misses on revs: Reports Q4 (Dec) earnings of $0.34 per share, $0.07 better than the Capital IQ Consensus Estimate of $0.27; revenues rose 202.9% year/year to $81.75 mln vs the $82.88 mln consensus. Q4 total production was ~1 mln Boe. Average daily production was 10,865 Boe. Average realized price per Boe was $84.74.

Press release: 

• Annual production increased 95% over 2011 to 3,760,123 barrels of oil equivalent ("Boe"), or 10,274 average Boe per day
• Total revenues, including the effects of derivatives, increased 109% over 2011 to $311.6  million
• Net income increased 78% over 2011 to $72.3 million
• Adjusted EBITDA increased 101% over 2011 to $225.3 million
• Proved reserves increased 44% over 2011 to 67.6 million barrels of oil equivalent
• Added 563 gross (48.3 net) wells to production bringing total producing wells to 1,227 gross (106.2 net)