Eight New Bakken Discoveries, Ten Additional North Dakota Bakken and Three-Forks Wells Nearing Completion

Northern Oil and Gas, Inc. announced the company recently participated in the successful drilling and completion of an additional eight oil producing wells in the emerging Bakken trend of North Dakota. The eight wells began producing at an average initial rate of 768 BOPD.

– The EN-Person-1102H-1 well, located in Mountrail County, ND was operated by Hess Corporation and posted an initial production rate of 950 BOPD. Northern holds a 12.5% working interest in the well. – The RS-Agribank-1102H-1 well, located in Mountrail County and operated by Hess Corporation posted an initial production rate of 450 BOPD. Northern holds a 7.5% working interest in the well. – The EN-Neset-0706H-1 well, located in Mountrail County and operated by Hess Corporation posted an initial production rate of 550 BOPD. Northern holds a 3.0% working interest in the well. – The Pathfinder 1-9H well, located in Mountrail County and operated by Slawson Exploration, posted an initial production rate of 1500 BOPD. Northern holds a 3.0% working interest in the well. – The Prowler 1-16H well, also located in Mountrail County and operated by Slawson Exploration, posted an initial production rate of 950 BOPD. Northern holds a 3.5% working interest in the well. – The Bonney 34-3H well, located in Dunn County and operated by Burlington Resources (Conoco), posted an initial production rate of 450 BOPD. Northern holds a 3% working interest in the well. – The Clive Pelton 34-23H well, located in Dunn County and operated by Marathon Oil Company, posted an initial production rate of 650 BOPD. Northern holds a 3% working interest in the well.

– The Eckelberg 41-26H well, also located in Dunn County and operated by Marathon, posted an initial production rate of 650 BOPD. Northern holds a 1% working interest in the well.

“Northern continues to make significant progress with its operating partners as we continue to develop our North Dakota acreage position with solid results from the prolific Bakken trend,” said Michael Reger, Northern Oil’s Chief Executive Officer. “Our recent success in Mountrail and Dunn Counties helps confirm our belief that the North Dakota Bakken trend is present over the entirety of our acreage position. Our strategy to partner with multiple operators allows us to harvest value from our leasehold assets while spreading execution risk across many of the region’s most experienced and successful operators.”

With the eight recent completions, Northern holds working interest in 21 producing wells.

“Northern’s exposure to additional Bakken drilling as well as our recent entry into the Three Forks/Sanish trend with Continental Resources as one of our operating partners should help us meet our objective of exiting 2008 with production of approximately 1,100 BOPD,” added Reger. “We are encouraged by the success of our accelerated drilling program and growing production profile.”

With recent leasehold acquisitions, Northern’s acreage position in the North Dakota Bakken and Three Forks/Sanish plays has grown to approximately 65,000 net acres. “While much of the large acreage positions have been leased, Northern continues to have success acquiring additional leasehold assets through its long-term relationships with many North Dakota land professionals,” said Reger. “Our ability to grow our acreage position adjacent to growing production and drilling activity has been a key to Northern’s success. We continue to lease in the core areas of the original North Dakota Bakken trend and our leasehold interests have been included in over 100 drilling permits.”

Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken and Three Forks/Sanish play where the Company controls approximately 65,000 net mineral acres. Northern Oil’s secondary objective is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region.

More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com .