NOG Reports 3Q10 Earnings; Shares Up Following Report

3Q10 earnings press release.

Operations summary:

As of November 5, 2010, Northern Oil has spud approximately 23.68 net wells during 2010.  Management now expects to spud approximately 25 net wells throughout 2010, up from previous guidance of 24 net wells, and expects to increase production volumes further by 30 to 35% in the fourth quarter of 2010 compared to the third quarter of 2010.

19000, Goblin 2-16H, 1,338, Slawson, Van Hook
18590, Alamo 1-19-18H, 1,625, Slawson, Big Bend
18617, Badger 1-9H, 2,057, Slawson, Van Hook
18621, Diamondback 1-21H, 2,013, Slawson, Van Hook
19047, Revolver 1-35H, 1,946, Slawson, Van Hook
18180, Stallion 1-1-12H, 2,753, Slawson, Big Bend
18589, Sniper Federal 1-6-7H, 3,784, Slawson, Big Bend
19215, State 36-1 2H, 2,356, BEXP, TFS, Stony Creek
18841, Amanda 21-14H, Conoco, 1,833, Haystack Butte
19010, Armada 1-14-13H, 1,460, Slawson, Van Hook
18871, Neptune 1-15H, 2,578, Slawson, Van Hook
Banks 5692 44-34H, 949, Oasis
19039, Hoiby 158-94-4B-3-1H, 831, Petro-Hunt, Wildcat
19101, Gustafson 29-32-161-92, 694, Samson, Foothills
19052, McGahan 1-18-7H, 697, Hunt, Ross
18868, Abelmann 23-14 1H, 4,169, BEXP, Camp
19030, Kjorstad 5300 24-22, 2,713, Oasis, Wildcat, 22-153N-100W
19080, Domaskin 19-30-29H, 2,731, Fidelity, Sanish
18896, Clifford Bakke, 26-35 1H, 5,061, BEXP, Alger