Northern Oil and Gas, Inc' OTCBB: NOGS

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Northern Oil Gas, Inc. Energy. Exploration.
Experience.
AMEX NOG
2009 IPAA OGIS Florida Michael Reger, Chief
Executive Officer
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Forward Looking Statements
Forward-looking statements in this presentation
are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that such
forward-looking statements involve risks and
uncertainties, including without limitation,
continued acceptance of the Company's products,
increased levels of competition for the Company,
new products and technological changes, the
Company's dependence on third-party suppliers,
and other risks detailed from time to time in the
Companys periodic reports filed with the
Securities and Exchange Commission.
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Corporate Profile

• AMEX NOG
• 34 MM Shares Outstanding
• 20 Insider Ownership
• 100 2008 Drilling Success Rate
• Multi-year Bakken Drilling Inventory
• Strong Williston Basin Acreage Position
• North Dakota Bakken (180,000 Gross/70,000 Net)
• Montana Red River (25,000 Gross/22,000 Net)

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Strategy

• Aggressive Acreage Acquisition
• Focus on North Dakota Bakken
• Conventional 3D Driven Red River/Mission Canyon
• Extensive Williston Seismic Library, Over 13,000
  Miles of 2-D Lines
• Maximize Exposure to Bakken Sweet-spots
• Non-op Participation in Active Areas (200 Bakken
  Wells Currently Permitted on Northern Acreage)
• Strategic Joint-Ventures When Necessary

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Recent Developments

• Expanded Total North Dakota Bakken Acreage to
  Approximately 70,000 Net Acres
• Three Forks Data Indicates Productivity on Vast
  Majority of NOG Acreage
• Permitted In 200 Bakken Wells
• Recently Completed 38th Bakken Well
• Currently Drilling 24 Bakken 3 Three Forks
  Wells
• Currently Drilling 3rd Red River Well
• Letter of Intent for 25mm Revolving Facility

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Williston Basin Leaseholds
CANADA
Divide County
Burke County
Sheridan County
Mountrail County
NORTH DAKOTA
MONTANA
Dunn County
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North Dakota Bakken/Three Forks
CANADA
Divide County
Burke County
Sheridan County
Mountrail County
NORTH DAKOTA
MONTANA
Dunn County
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North Dakota Bakken/Three Forks180,000 Gross
Acres / 70,000 Net Acres

• Predominately Mountrail County (30,000 Net)
• Drilling 24 Bakken Wells and 3 Three Forks/Sanish
  Wells
• Acreage Included in 200 Bakken Well Permits
• Approximately 70,000 Net Acres
• Average well cost for 2009 4-4.5mm
• IP range 250-4,000 bopd
• Reserves per well 300K 900K barrels
• 640 acre spacing 110 net wells
• 320 acre spacing 220 net wells

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Sheridan County, MT Red River Acreage25,000
Gross Acres / 22,000 Net Acres
SIGNIFICANT KOG OIL PRODUCTION
NOG/BEXP JV WELLS
NEW 3D SHOOT NOG/KOG/BEXP/SM
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Sheridan County, MT Red River 25,000 Gross Acres
/ 22,000 Net Acres

• Stacked-pay
• 1st Red River Well IP 900 BOPD
• 2nd Red River Well IP 350 BOPD
• 3rd Red River Well Drilling
• Extensive 3D Coverage (High Success Rate)
• 22,000 Net Acres
• Average well cost 2.2mm
• IP range 100-1,000 bopd
• Reserves 150K 1MM barrels
• 320 acre spacing 68 net wells
• 160 acre spacing 137 net wells

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Key Takeaways

• Consistent Production Growth in 2009 Continues
• Significant Acreage Exposure in ND Bakken Play
• Over 200 Wells Permitted on NOG Acreage in North
  Dakota
• 38 Bakken Wells Completed in North Dakota
• 24 Bakken Wells Drilling in North Dakota
• 3 Three Forks/Sanish Wells Drilling in North
  Dakota
• Successful Start to MT Red River Exploration
• 2 Red River Wells Completed in Montana 1
  Drilling

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Contact Information

• Michael Reger, CEO
• mreger_at_northernoil.com
• Ryan Gilbertson, CFO
• rgilbertson_at_northernoil.com
• 315 Manitoba Avenue, Suite 200
• Wayzata, Minnesota 55391
• 952-476-9800 Phone
• 952-476-9801 Fax
• www.NorthernOil.com