About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is a Nevada corporation focused on drilling exploratory
and developmental wells in the Rocky Mountain regions of the United States.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

Northern's CEO, Michael Reger, is scheduled to present on Wednesday, April
25, 2007 at 4:35 PM EDT. Webcasting will be available for the presentation and
can be accessed by logging onto www.ipaa.org.

The Oil & Gas Investment Symposium New York (OGIS New York) is the premier
outlet for publicly traded independent exploration and production, and service
and supply companies to present their company profiles to the investment community.
Last year's Symposium attracted over 1,600 attendees, including more than 700
buy/sell-side analysts and portfolio managers and 100 presenting companies.
-- IPAA

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is a Nevada corporation focused on drilling exploratory
and developmental wells in the Rocky Mountain regions of the United States.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

This news release was distributed by PrimeNewswire, www.primenewswire.com.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

In a statement by Michael Reger, CEO of Northern Oil, "We are looking
forward to working with Kodiak. Their successes in the Williston Basin have
been exciting and this is a great first step in developing our extensive Sheridan
County, Montana leasehold. We will continue to evaluate other drilling opportunities
in our Sheridan County, Montana and Mountrail County, North Dakota leaseholds.
We expect to announce additional drilling agreements throughout the Williston
Basin during the next 30 to 60 days."

Northern Oil controls approximately 22,000 net acres in Sheridan County, Montana.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is a Nevada corporation focused on drilling exploratory
and developmental wells in the Rocky Mountain regions of the United States.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

In a statement by Michael Reger, CEO of Northern Oil, "We are very excited
that Rincon has farmed-in to this well. 3D seismic driven Red River oil exploration
in the immediate vicinity has proven to be very productive.

"This carried farm-out agreement with Rincon will further our objective
of mitigating capital expenditure, while increasing production revenue,"
he concluded.

Northern Oil controls approximately 22,000 net acres in Sheridan County, Montana
and 4,000 net acres in Mountrail County, North Dakota.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

Bakken oil discoveries. In Sheridan County Montana, Brigham and Northern will
develop and explore an area with existing production from multiple producing
horizons. A portion of the Sheridan County acreage is under approximately 85
square miles of 3-D seismic data previously acquired by Brigham. Brigham anticipates
drilling at least four 2007 wells as part of the joint venture.

Mountrail County, North Dakota Acreage

Brigham expects to participate in at least two horizontal Mountrail County
Bakken tests this year, the first of which should commence in the third quarter,
in an attempt to extend Bakken productivity established in the area by EOG.
Brigham and Northern jointly control acreage in 5,120 gross and 3,000 net acres
spread across 19 sections, and in three of the sections the companies control
a majority interest. The southernmost acreage tract is within four miles of
EOG's production, and is adjacent to currently drilling and recently permitted
sections. Based on subsurface well control and mapping of the area, Brigham
and Northern believe that their acreage has a good probability for strong Bakken
production.

Given Northern's acreage investments in the area, terms of the agreement provide
Brigham with the opportunity to drill to earn in the acreage block. As such,
Brigham must commence at least one well in 2007 and must drill a total of 3
net wells to earn the balance of the acreage. Under the agreement, Northern
has the right to participate and/or back-in with up to a total of 37% in the
first net well and up to 32.5% in the second two net wells. Brigham will own
a minimum of 75% in the balance of the acreage, with Northern owning and having
the right to participate with the other 25%.

Based on current data obtained from the North Dakota Industrial Commission,
Department of Mineral Resources, EOG has drilled six Bakken wells in the area,
with three additional wells currently drilling, and another twelve wells permitted
to be drilled. Initial production rates for four of the wells have been reported
to date, ranging from 463 barrels of oil and 128 Mcf of natural gas per day
to 1,800 barrels of oil and 457 Mcf of natural gas per day, with an average
initial rate of 1,049 barrels of oil and 278 Mcf of natural gas per day. The
first well, which tested at an initial rate of 463 barrels per day, was last
reported to be producing approximately 304 barrels of oil per day after 10 months
of production. After producing for three to ten months, production from the
three initial wells appears to have averaged 303 barrels of oil per day, and
the three wells have reportedly produced a combined 133,430 barrels of oil to
date.

Brigham currently anticipates at least two Mountrail County joint venture wells
commencing in 2007, the first during the third quarter, with the second expected
to commence early in the fourth quarter. Although Brigham's working interest
in the first two wells is still to be determined based on the ultimate location
of the wells, it's anticipated that Brigham's working interest in these wells
will range between 10% and 51%. Assuming all of the acreage is successfully
drilled on 640 acre spacing, 19 gross or 4.7 net wells could be drilled by Brigham
and Northern to fully develop the joint venture acreage.

Sheridan County, Montana Acreage

Brigham expects to drill at least two wells in the Sheridan County joint venture
acreage during 2007, the first of which is expected to commence in the third
quarter. Brigham and Northern jointly control approximately 25,180 gross or
21,350 net acres as part of the joint venture. In addition, Brigham controls
approximately 70,000 additional net acres to the south, all of which is located
in Sheridan and Roosevelt Counties, Montana.

As part of the Northern joint venture in Sheridan County, Brigham expects to
operate both 2007 Sheridan County wells. The first well is likely to be a Mission
Canyon development well offsetting another operator's Mission Canyon well that
has produced approximately 200,000 barrels of oil to date. The Mission Canyon
objective is found at a depth of approximately 7,600 feet, and it's likely Brigham
will drill this well horizontally with approximately 3,000 feet of lateral displacement.
The second well in Sheridan County may also be a Mission Canyon test, or possibly
a test of a Red River structure, which has established quality Red River production.
The Red River is encountered at a depth of approximately 11,600 feet, and quality
Red River producers in the area have produced from 250,000 to over 1,000,000
barrels of oil. Based on existing production combined with subsurface and 3-D
seismic mapping, Brigham believes that the Sheridan County acreage provides
excellent potential for the discovery and development of significant oil and
natural gas.

Given Northern's acreage investments in the area, terms of the agreement also
provide Brigham with the opportunity to drill to earn in the acreage block.
As such, Brigham is to commence one well by year end 2007 and by 2008 will be
subject to a 120 day continuous development provision in order to earn additional
acreage. In the first well, Brigham will have a 90% working interest, with Northern
expected to participate with a 10% working interest. Northern will also retain
a 30% back in after payout on Brigham's interest. Brigham will own a 75% working
interest in the second net well drilled, with Northern having the right to participate
with the 25% working interest it retains and Northern will receive a 10% back
in after payout. In all other wells, Brigham will retain 75% with Northern retaining
a 25% working interest. Brigham currently anticipates commencing its first Sheridan
County joint venture well in the third quarter, with the second well expected
to commence during the fourth quarter.

Bud Brigham, the Chairman, President and CEO stated, "We're very excited
about our joint venture with Northern. Subsequent to these joint ventures, we
now control approximately 160,000 gross and over 144,000 net acres in the Williston
Basin, providing substantial option value for our shareholders. Importantly,
this joint venture provides us with specific opportunities to drill and develop
significant proved reserves to positively impact our finding costs and provide
net asset value growth in 2007. Furthermore, our activity and experience here
will benefit us as we continue to develop our larger Williston Basin acreage
position."

About Brigham Exploration

Brigham Exploration Company is a leading independent exploration and production
company that applies 3-D seismic imaging and other advanced technologies to
systematically explore and develop onshore domestic natural gas and oil provinces.
For more information about Brigham Exploration, please visit our website at
www.bexp3d.com or contact Investor Relations at 512-427- 3444.

Forward Looking Statement Disclosure

Except for the historical information contained herein, the matters discussed
in this news release are forward looking statements within the meaning of the
federal securities laws. Important factors could cause our actual results to
differ materially from those contained in the forward looking statements including
our growth strategies, our ability to successfully and economically explore
for and develop oil and gas resources, anticipated trends in our businessAe
our liquidity and ability to finance our exploration and development activitiesAe
market conditions in the oil and gas industryAe our ability to make and integrate
acquisitions, the impact of governmental regulation and other risks more fully
described in the company's filings with the Securities and Exchange Commission.
Forward-looking statements are typically identified by use of terms such as
"may," "will," "expect," "anticipate,"
"estimate" and similar words, although some forward- looking statements
may be expressed differently. All forward looking statements contained in this
release, including any forecasts and estimates, are based on management's outlook
only as of the date of this release, and we undertake no obligation to update
or revise these forward looking statements, whether as a result of subsequent
developments or otherwise.

Contact: Rob Roosa, Finance Manager (512-427-3300).

SOURCE Brigham Exploration Company

Rob Roosa, Finance Manager of Brigham Exploration Company, +1-512-427-3300
http://www.bexp3d.com
Copyright (C) 2007 PR Newswire. All rights reserved
**********************************************************************
As of Thursday, 04-19-2007 23:59, the latest Comtex SmarTrend® Alert, an
automated pattern recognition system, indicated an UPTREND on 01-22-2007 for
EOG @ $65.41. For more information on SmarTrend, contact your market data provider
or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News
Network, Inc.
Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.

More information may be found at www.northernoil.com.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

The Mountrail County, North Dakota acreage involved in the joint venture will
provide potential step out and extensional drilling to the Parshall Field, a
recent high producing Bakken discovery by EOG Resources. The Parshall Field
contains North Dakota's highest producing Bakken wells, several of which have
produced 1,800 barrels per day.

Brigham has committed to drill four wells in 2007. Two horizontal Middle Bakken
wells will be drilled in Mountrail County, North Dakota and two conventional
wells will be drilled in Sheridan County, Montana utilizing existing 3D seismic
owned by Brigham. Brigham will also commence a continuous drilling program in
2008 and beyond under the agreement.

In a statement by Michael Reger, CEO of Northern Oil, "We are very excited
to be working with Brigham. This joint venture gives Northern the ability to
expeditiously develop our extensive leaseholds, while mitigating capital expenditure
and leveraging our acreage into substantial working interest."

"Brigham, as well as being a very experienced operator, brings an enormous
amount of scientific horsepower to Northern Oil's Williston Basin project. Their
work with 3D seismic data has proven effective and profitable in the immediate
area," he concluded.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is a Nevada corporation focused on drilling exploratory
and developmental wells in the Rocky Mountain regions of the United States.

The primary focus of Northern Oil is the Middle Bakken formation in the Williston
Basin. Northern Oil's secondary target is conventional, 3D driven, oil and gas
exploration and development throughout the Rocky Mountain region.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

**********************************************************************
As of Saturday, 04-21-2007 23:59, the latest Comtex SmarTrend® Alert, an
automated pattern recognition system, indicated an UPTREND on 01-22-2007 for
EOG @ $65.41. For more information on SmarTrend, contact your market data provider
or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News
Network, Inc. Copyright © 2004-2007 Comtex News Network, Inc. All rights
reserved.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

In a statement by Michael Reger, CEO of Northern Oil, "We are fortunate
and honored that these individuals have accepted invitations to our Board. Together,
the Board brings more than 150 years of oil & gas exploration, development,
science & legal experience to Northern Oil."

Loren O'Toole, 76, Director - Mr. O'Toole is an attorney with
O'Toole & O'Toole Law Firm. O'Toole & O'Toole is a leader in the legal
profession specializing in oil and gas throughout the Rocky Mountain region.
Mr. O'Toole has over 50 years of experience in the oil and gas industry and
is widely regarded as one of the finest and most experienced oil & gas attorneys
in the Williston Basin.

Jack King, 55, Director - Mr. King is with Hancock Enterprises,
a prominent independent oil and gas exploration and development corporation
based in Billings, MT. Mr. King's 30 years in the industry began in mineral
& lease acquisition. Throughout his career, Mr. King has managed several
independent oil and gas companies. Currently, Mr. King sits on the Boards of
the Montana Petroleum Association, the Montana Community Foundation and the
Montana Board of Oil and Gas Conservation Commission, which is Montana's oil
and gas regulatory Board appointed by the Governor. Mr. King holds a degree
in Economics from the University of Montana.

Robert Grabb, 55, Director, Consulting Geologist - Mr. Grabb
is a Registered Petroleum Geologist. Mr. Grabb was most recently an integral
member of the Newfield Exploration geologic team that conceptualized and commercialized
the resource plays that have driven Newfield's growth. Mr. Grabb holds B.S.
and M.S. Degrees in geology from Montana State University. Mr. Grabb is also
a member of the American Association of Petroleum Geologists and the Society
of Petroleum Engineers.

Carter Stewart, 49, Director - Mr. Stewart is a Registered
Petroleum Geologist. Mr. Stewart has been generating prospects in the Williston
Basin for 26 years. Mr. Stewart is the founder of Stewart Geological, based
in Billings, MT. Stewart Geological is currently participating in wells in Montana,
Wyoming, North Dakota, New York and Alberta, Canada. Mr. Stewart has been directly
involved in the drilling of over 500 wells during his career throughout the
US and Canada. Mr. Stewart holds a Degree in Geology from the University of
Montana.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is a Nevada corporation focused on drilling exploratory
and developmental wells in the Rocky Mountain regions of the United States.

The primary focus of Northern Oil is the Middle Bakken formation in the Williston
Basin. Northern Oil's secondary target is conventional, 3D driven, oil and gas
exploration and development throughout the Rocky Mountain region.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

"The opportunity to participate in the early stage development of a prolific
North American natural gas play is exciting and transformational for Northern,"
Michael Reger, Chief Executive Officer of Northern Oil and Gas said in a statement.
"This Appalachia Basin prospect presents us with the potential of highly
productive gas wells in the Trenton-Black River as well as a multi-year development
program in the up-hole resource formations. With companies such as Talisman
Energy, Chesapeake Energy and Range Resources active in the region, we believe
there are ample opportunities for partnerships to develop our acreage."

Reger continued, "We will carefully evaluate partnerships with experienced
operating companies to fully explore and develop the leasehold while mitigating
risk by leveraging the operating expertise and scientific infrastructure of
our partners."

"The natural gas focus of the Appalachia acquisition is complementary
to our Williston Basin Bakken position in Mountrail County, North Dakota, which
is adjacent to EOG Resources' recent discoveries in the Parshall Field. Northern
is focused on developing a balanced portfolio of oil and natural gas opportunities,"
Reger concluded.

The transaction is expected to close by the end of August 2007 and is subject
to standard due diligence and fairness reviews.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in
Wayzata, Minnesota. The company currently controls approximately 25,000 net
mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia
Basin.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

The leasehold assets acquired in this transaction consist of acreage immediately
to the south of the Parshall Field, a successful major field development by
EOG Resources targeting the Middle Bakken. This acquisition increases Northern's
gross leasehold in Mountrail County by 24,000 acres. A map of the company's
leasehold interests in Mountrail County can be found at www.northernoil.com.

Consistent with recently filed drilling permits by EOG Resources, Northern
expects to participate with EOG in upcoming wells.

"We are excited to announce the expansion of our Mountrail County acreage
position," said Michael Reger, Chief Executive Officer of Northern Oil
& Gas. "Our position in this highly productive resource play is well
situated among both productive and highly prospective acreage held by leading
exploration companies. On 640-acre spacing, we are exposed to over 100 gross
drilling locations. If anticipated down-spacing occurs, our exposure grows significantly."

The transaction is subject to due diligence and standard closing conditions
and is expected to close on or before September 15, 2007.

Northern will begin a drilling program in Mountrail County with its joint venture
partner this year. In addition to Mountrail County, Northern will begin a drilling
program on its 22,000 net acres in Sheridan County, Montana this year. The company
is also in discussions with partners to develop its leasehold position in Yates
County, NY.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in
Wayzata, Minnesota. The company currently controls approximately 25,000 net
mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia
Basin.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

In addition to common stock, investors purchasing shares in the private placement
will also receive a warrant to purchase common stock. For each share of common
stock purchased in this transaction, the purchaser will receive the right to
purchase one-half share of Northern common stock at a price of $5.00 per share
for a period of 18 months from the date of closing and the right to purchase
one-half share of Northern common stock at a price of $6.00 per share for a
period of 48 months from the date of closing.

FIG Partners, LLC Energy Research & Capital Group served as the exclusive
placement agent for the transaction for which it received consideration in cash
and warrants.

The funds raised from this private placement will be used for continued acreage
acquisitions in the Williston Basin, the Appalachia Basin, Northern's exploration
and development program and general corporate purposes.

The common stock was sold in reliance upon an exemption from registration under
the Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.

In connection with the private placement, the Company has agreed to file a
registration statement covering the shares with the United States Securities
and Exchange Commission.

In addition, the Company announced that four of the company's founders have
executed restriction agreements under which they agree not to sell shares of
beneficial interest in the Company for a period of 18 months from the closing
of this private placement, except under certain limited circumstances. Approximately
13,289,000 shares of the Company's common stock are subject to the lock-up agreement.

This news release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be any sale
of these securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities
laws of any jurisdiction.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in
Wayzata, Minnesota. The company currently controls approximately 25,000 net
mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia
Basin.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

Mrs. Meier is Chief Financial Officer and Senior Vice President of Flotek Industries,
Inc. (AMEX: FTK), an oilfield services company specializing in innovative production
chemicals and down-hole drilling and production equipment.

Prior to being named Chief Financial Officer at Flotek in 2004, Mrs. Meier
worked in the energy audit practice at PricewaterhouseCoopers and in accounting
roles for three Fortune 500 companies. At Flotek, Mrs. Meier has been instrumental
in the company's growth through the successful integration of 10 acquisitions,
as well as the oversight of equity and credit capital expansions.

A Certified Public Accountant and a member of the American Institute of Certified
Public Accountants, Mrs. Meier holds a BBA and Masters in Accountancy from the
University of Texas. She was named the 2007 Chief Financial Officer of the Year
by the Houston Business Journal.

"We are delighted Lisa Bromiley Meier has agreed to join the Board of
Northern Oil & Gas," said Michael Reger, Chief Executive Officer of
Northern Oil & Gas. "Lisa brings a unique skill set and experience
as the CFO of a fast-growing, small-cap oilfield services company that will
benefit Northern and its shareholders as we continue to accelerate our exploration
and development activity. We look forward to tapping her knowledge and experience
as Northern builds a solid corporate governance foundation to support our anticipated
growth."

As an independent Director, Mrs. Meier will serve as the primary financial
expert on the Northern Oil & Gas Board of Directors and will chair the company's
audit committee. As compensation for her agreement to serve, Mrs. Meier has
received a restricted stock options grant.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in
Wayzata, Minnesota. The company currently controls approximately 25,000 net
mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia
Basin.

More information may be found at www.northernoil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed
with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

Michael Reger, Chief Executive Officer, is scheduled to present on Wednesday, October 3, 2007 at 4:35 PM Pacific. A webcast of the presentation will be available and can be accessed by logging onto www.ipaa.org.

About Northern Oil and Gas, Inc.:
Northern Oil & Gas is an exploration and production company based in Wayzata, Minnesota. The company currently controls approximately 30,000 net mineral acres in the Williston Basin and approximately 10,000 net mineral acres in the Appalachia Basin.

More information can be found at www.northernoil.com.

Stay up-to-date with current events by joining Northern Oil's E-mail Alert List. Join by clicking the following link: http://www.northernoil.com/alert.php

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

Northern also announced it has begun to acquire leasehold assets in Burke and Divide Counties in North Dakota. Northern has accumulated approximately 7,500 net acres in the horizontal drilling play targeting both the Bakken and Winnepegosis resource formations. The acreage is near recent discoveries in the Bakken and Winnepegosis.

OPERATIONAL UPDATE

MOUNTRAIL COUNTY, ND
Northern and joint venture partner, Brigham Exploration (Nasdaq: BEXP - News) have begun their 2007 drilling program in Mountrail County, North Dakota. The Northern/Brigham joint venture has commenced drilling of the Bergstrom Family Trust 26 #1-H well in Section 26, T154N -- R89W, Mountrail County, ND. The Northern/Brigham joint venture includes 3,000 net acres of Northern's 13,000 net acre position in Mountrail County.

As of today, the balance of Northern's Mountrail County acreage has been included in four Parshall Field drilling units with EOG Resources and six Parshall Field drilling units with Slawson Exploration. Northern will participate in these and other wells in the coming months and is considering options for the development of the balance of its leasehold interest in the area.

SHERIDAN COUNTY, MT
The Northern/Brigham joint venture has also commenced drilling of the Richardson 25 #1 well in Section 25, T34N -- R55E in Sheridan County, MT. This well is a vertical test targeting the Red River formation. The Northern/Brigham joint venture includes 22,000 net acres controlled by Northern in Sheridan County. Brigham Exploration brings nearly one hundred square miles of proprietary 3D seismic to the joint venture in Sheridan County. The joint venture is also participating in an additional 3D seismic study with Kodiak Oil & Gas (AMEX: KOG - News) in Sheridan County. Northern's acreage is represented under approximately 37% of the study.

Rincon Exploration, a private Denver based firm, has also recently permitted a well on Northern's acreage in Sheridan County, Montana which is expected to spud in November. This well directly offsets a recent discovery by Rincon in the Red River formation. Rincon will bear Northern's share of the drilling costs to casing point with Northern receiving a 25% working interest in its contributed acreage.

DUNN COUNTY, ND
Northern is continuing to build its acreage position in Dunn County, North Dakota. Northern recently participated in the Reiss 34-20H horizontal Bakken well in Dunn County with Marathon Oil. The well has reached total depth and is being cased for production. Northern will be participating in a second Marathon well in Dunn County that is expected to spud by the end of the year.

Interested parties may sign up for operational alerts and view maps of Northern's leasehold interests at the Company's newly updated website: www.NorthernOil.com.

About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. The Company currently controls approximately 45,000 net mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia Basin.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

Ryan Gilbertson, Chief Financial Officer, is scheduled to present on Wednesday, November 14, 2007 at 8:00 AM Central. A webcast of the presentation will be available to the public and can be accessed by logging onto http://www.iian.ibeam.com/events/penn001/24543/.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. The Company currently controls approximately 45,000 net mineral acres in the Williston Basin and 10,000 net mineral acres in the Appalachia Basin.

To receive future alerts and updates about the company, visit our recently updated website at www.NorthernOil.com.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

Contact:
Northern Oil and Gas, Inc.

Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
http://www.NorthernOil.com

SIGNIFICANT WELLS RECENTLY COMPLETED, COMPLETING, DRILLING OR PREPARING TO DRILL

    Resource Plays   Objective      WI%      NRI     Status / Comments

    Hynek 2 #1H       Bakken        97%      78%     Successfully drilled and

                                                     completed at recent

                                                     peak 24 hour rate of ~585

                                                     Boepd up 7" casing,

                                                     running tubing

    Bakke 23 #1H      Bakken        88%      72%     Successfully drilled and

                                                     completed at recent peak

                                                     24 hour rate of ~380

                                                     Boepd up 7" casing,

                                                     running tubing

    Bergstrom Family

    Trust 26 #1H      Bakken        56%      43%     Successfully drilled and

                                                     completed at recent peak

                                                     24 hour rate of ~202

                                                     Boepd up 4.5" casing,

                                                     running tubing

    Hallingstad 27

    #1H               Bakken        48%      36%     Drilling Mountrail Co. ND

                                                     Bakken well ~1 mile west

                                                     of Bergstrom @ depth of

                                                     ~9,250'

    Manitou State 36

    #1H               Bakken       100%      81%     Planned February spud of

                                                     5th Mountrail Co. ND

                                                     horizontal Bakken well in

                                                     continuous drilling

                                                     program

    Mrachek 15-22 1H  Bakken       100%      79%     Horizontally sidetracking

                                                     previously drilled

                                                     McKenzie Co. ND well @

                                                     15,600'

    Krejci Fed.

    #1-32H            Mowry         50%      40%     Currently drilling @

                                                     7,600' in lateral, plan

                                                     to utilize swell packers,

                                                     est. TD of 11,300'




    Conventional     Objective      WI%      NRI     Status / Comments

     Wells

    Richardson

    25 #1             Red River     90%      68%     Discovery, commenced

                                                     production @ ~220 Boepd,

                                                     additional Red River

                                                     drilling planned on

                                                     100,000 net acres

    Randall Unit #2   Frio          94%      74%     Plugged and abandoned

                                                     after encountering thin

                                                     noncommercial Frio pay

    Blue Heron #1     Oligocene     40%      29%     Plugged and abandoned

                                                     after failing to

                                                     encounter commercial

                                                     hydrocarbon pay

    Cary Sr. Estate

    #1                Oligocene     40%      29%     Currently drilling

                                                     @ ~13,000' to test 3-D

                                                     delineated fault trap

                                                     with shallow production,

                                                     est. total depth of

                                                     14,450'

    Sullivan C-38     Vicksburg    100%      76%     Planned late January

                                                     spud to attempt to extend

                                                     prolific Floyd Field to

                                                     the north, estimated

                                                     total depth of 14,000'

    Chandeleur Sound

    68 South          Miocene       50%      38%     Planned April spud of

                                                     amplitude test apparently

                                                     up dip to producer, the

                                                     1st in new multi well

                                                     S. LA joint venture

Williston Basin
Acreage Growth to 219,000 Net Acres with approximately 67,500 Net Acres in Mountrail County & Extensional Areas -- Brigham has grown its acreage position in the Williston Basin to approximately 219,000 net acres. Most of the recent growth has occurred in Mountrail County and extensional areas east of the Nesson Anticline where Brigham now controls approximately 67,500 net acres. In Mountrail County, approximately 5,500 net acres are located in the Parshall Field area, and approximately 25,000 net acres are located generally between the Parshall Field and the Nesson Anticline. Approximately 37,000 net acres are located in undisclosed extensional areas to the east of the Nesson Anticline, but not necessarily in Mountrail County. To the west of the Nesson Anticline in McKenzie and Williams Counties, North Dakota, Brigham controls Bakken rights on approximately 51,500 net acres. In eastern Montana, where Brigham drilled its recent Red River discovery, Brigham controls all rights on roughly 100,000 net acres in Sheridan and Roosevelt Counties.

Mountrail County North Dakota Bakken Completions -- Brigham successfully drilled and completed its first three operated Mountrail County horizontal Bakken wells. The first was the Bergstrom Family Trust 26 #1H, which subsequent to fracture stimulation produced at an early peak 24 hour rate of approximately 202 Boe per day up 4.5" casing. Brigham is currently installing 2 & 7/8" production tubing for further testing and production. Northern Oil and Gas, Inc. (OTC Bulletin Board: NOGS - News) also participated in the Bergstrom Family Trust 26 #1H with a 6.25% working interest, which increases to a 23% working interest after payout. The Bergstrom Family Trust 26 #1H is located approximately 6.5 miles northeast of the Parshall Field, and approximately 6 miles southeast of EOG's Austin #1-02H and the Austin #2-03H discoveries.

Approximately 25 miles to the northwest of the Bergstrom Family Trust 26 #1H, Brigham successfully drilled and completed the Hynek 2 #1H. The Hynek 2 #1H produced at an early peak 24 hour rate of approximately 585 Boe per day up 7" casing. Brigham is currently running 2 & 7/8" production tubing for further testing and production.

Brigham successfully drilled and completed the Bakke 23 #1H, which subsequent to fracture stimulation produced at an early peak 24 hour rate of approximately 380 Boe per day up 7" casing. Brigham is preparing to install 2 and 7/8" production tubing for further testing and production. The Bakke 23 #1H is located approximately 6 miles east of the Hynek 2 #1H, 12 miles west of EOG's recently announced Austin #1-02H completion, and approximately 20 miles northwest of Brigham's Bergstrom Family Trust 26 #1H.

Brigham is currently drilling its fourth Mountrail County horizontal Bakken well, the Hallingstad 27 #1H, in the lateral section at a current depth of approximately 9,250', with results expected in late February or March. Northern Oil and Gas, Inc. (OTC Bulletin Board: NOGS - News) is also participating in the Hallingstad 27 #1H well. The Hallingstad 27 #1H is located approximately one mile west of the Bergstrom Family Trust 26 #1H well. After completing the Hallingstad 27 #1H, Brigham plans to move the rig to a location proximal to the Hynek 2 #1H to drill the Manitou State 36 #1H. Brigham currently plans to keep this operated rig running continuously to drill horizontal Bakken wells in North Dakota.

Bud Brigham, the Chairman, President and CEO stated, "We're very excited to have three apparently commercial discoveries with our first three operated horizontal Bakken wells in Mountrail County. It's early however, and we could potentially see stronger production rates once we've installed the production tubing. At this point, we believe the results indicate that all three wells should provide attractive economic returns, though it appears that the Bakke 23 #1H and the Hynek 2 #1H are likely to be the better producers. The subsequent flow rates and pressures for the Bakke 23 #1H are particularly strong. In areas proximal to the Bakke 23 #1H and the Hynek 2 #1H, we control approximately 25,000 net acres, which positions us to potentially drill 39 to 78 net wells in the area, assuming ultimate spacing of 640 or 320 acres, respectively."

Bud Brigham continued, "It's also important to point out that we've drilled and completed our two most recent wells, the Hynek 2 #1H and the Bakke 23 #1H, for a total cost of approximately $4.5 million each, relative to the roughly $5.2 million completed well cost for our Bergstrom Family Trust 26 #1H. We believe that with scaled development an average completed well cost of $4.5 million, or less, should be achievable, and that we have a very exciting opportunity to generate outstanding returns on our drilling investments in this play. Given these results, and given our very substantial acreage position throughout the play, we expect to be continuously drilling Bakken wells during 2008. In addition to our planned rig line of operated wells, we have significant acreage directly offsetting other producers recently completed in the area, such as the EOG Austin discoveries. Given the apparent acceleration of drilling by the other operators in the area we expect to also drill numerous non-operated horizontal Bakken wells during 2008."

Red River Discovery, Sheridan County, Montana -- Brigham successfully drilled and completed the Richardson 25 #1 as a Red River discovery, which commenced production flowing at an initial rate of approximately 220 barrels of oil equivalent per day, with good pressures and without water production. The Richardson 25 #1 was a vertical exploration test requiring conventional completion procedures and was drilled for a total cost of approximately $2.4 million. Brigham operated the Richardson 25 #1 with a 90% working interest, with Northern Oil and Gas (OTC Bulletin Board: NOGS - News) participating with a 9.7% working interest, which increases to a 36.7% working interest after payout. Brigham plans to commence its next Red River test in April.

Bud Brigham stated, "We drilled our first Red River discovery in this area in 1997, which to date has produced over 255,000 barrels, and which should ultimately produce approximately 346,000 barrels of oil equivalent. Based on production tests and early production rates the Richardson appears to be a stronger well. This discovery is significant in that we believe we've developed key seismic attributes that are effective for exploring for the Red River, and because we have roughly 100,000 net acres in this portion of Montana. In addition to the Red River, this acreage is prospective for the Bakken, as well as other objectives. We also have roughly 135 square miles of 3-D seismic data, with additional 3-D acquisitions planned, and a current inventory of 16 prospects and leads targeting the Red River. As we acquire and interpret additional 3-D seismic data over our acreage during the course of 2008 we expect this inventory to grow. We plan to spud our next Red River test in April, and expect to drill additional wells in this area during 2008, at least one of which is likely to target the Bakken."

Southern Louisiana
Southern Louisiana Joint Venture -- Brigham has entered into a joint venture to operate the drilling of six wells in Southern Louisiana with a 50% working interest. The five prospects planned for 2008 will target 3-D delineated, primarily amplitude related prospects at depths of 9,000 to 10,500 feet in Plaquemines and Saint Bernard Parishes. The first of these, the Chandeleur Sound 68 South, located in Saint Bernard Parish, is expected to commence in April, targeting a 3-D seismic delineated Miocene bright spot amplitude that offsets an apparently structurally lower productive well.

Bud Brigham stated, "As evidenced by our successful prior joint venture at Bayou Postillion, our core technical and operational competencies are very well suited for Southern Louisiana. These are very high quality, relatively shallow 3-D delineated prospects. We estimate our net risked dry hole cost for the six prospects at roughly $18 million, and the prospects provide an estimated gross unrisked reserve potential of approximately 127 Bcfe. We're very excited about this joint venture, and see it another important step in growing our reserves and production in Southern Louisiana."

About Brigham Exploration
Brigham Exploration Company is a leading independent exploration and production company that applies 3-D seismic imaging and other advanced technologies to systematically explore and develop onshore domestic natural gas and oil provinces. For more information about Brigham Exploration, please visit our website at http://www.bexp3d.com or contact Investor Relations at 512-427-3444.

Forward Looking Statement Disclosure
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those contained in the forward looking statements include our growth strategies, our ability to successfully and economically explore for and develop oil and gas resources, anticipated trends in our business our liquidity and ability to finance our exploration and development activities market conditions in the oil and gas industry our ability to make and integrate acquisitions, the impact of governmental regulation and other risks more fully described in the company's filings with the Securities and Exchange Commission. Forward looking statements are typically identified by use of terms such as "may," "will," "expect," "anticipate," "estimate" and similar words, although some forward looking statements may be expressed differently. All forward looking statements contained in this release, including any forecasts and estimates, are based on management's outlook only as of the date of this release, and we undertake no obligation to update or revise these forward looking statements, whether as a result of subsequent developments or otherwise.

Contact: Rob Roosa, Finance Manager • (512) 427-3300

The leasehold assets recently acquired are directly north of the Parshall Field, home to North Dakota's highest producing Bakken wells.

Approximately 3,000 net acres of Northern's position in Mountrail County are included in a joint-venture with Brigham Exploration (Nasdaq: BEXP - News). Northern and Brigham are currently completing the second Bakken well in the joint-venture. As of today, the balance of Northern's Mountrail County acreage has been included in six Parshall Field drilling units with EOG Resources, six Parshall Field drilling units with Slawson Exploration and four Parshall Field drilling units with BEHM Energy. In addition to these permitted drilling units in Mountrail County, Northern acreage has been included in three Continental Resources drilling units in Divide County, North Dakota and two Marathon Oil drilling units in Dunn County, North Dakota.

"We are excited to announce the expansion of our Mountrail County acreage position," said Michael Reger, Chief Executive Officer of Northern Oil & Gas. "Our position in this productive resource play is well situated among acreage held by leading Bakken exploration companies. Assuming full development of our Mountrail County leasehold on 640-acre drilling units, Northern acreage would result in approximately twenty-five net wells. Pending downspacing in the Parshall Field would result in a significantly higher net well count."

A map of the company's leasehold interests in North Dakota's Bakken play can be found at www.northernoil.com.

About Northern Oil and Gas, Inc.
Northern Oil & Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil's core area of focus is the Williston Basin.

The primary target of Northern Oil is the Middle Bakken resource formation in the Williston Basin. Northern Oil's secondary target is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region.

Safe Harbor
Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

"We are pleased to announce the continued expansion of our acreage position in Mountrail County, the center of this exciting oil play targeting the Bakken Shale," said Northern Oil & Gas Chief Executive Officer Michael Reger. "This acreage directly offsets recent discoveries and provides Northern with significantly more exposure to the heart of this prolific resource play."

"Our North Dakota Bakken acreage is beginning to produce results," Reger added. "As of today, Northern's acreage position in the North Dakota Bakken play has been included in twenty-five permitted wells. Activity in the area is growing exponentially and we anticipate rapid development of our acreage."

The transaction is subject to customary due diligence and standard closing conditions. Closing is expected no later than April 15, 2008.

More information about Northern Oil & Gas can be found at http://www.northernoil.com.

About Northern Oil and Gas, Inc.
Northern Oil & Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil's core area of focus is the Williston Basin.

The primary objective of Northern Oil & Gas is the Bakken resource formation in the Williston Basin. Northern Oil's secondary objective is conventional, 3D driven, oil and gas exploration and development throughout the Rocky Mountain region.

Contacts

"We believe that moving to the AMEX will not only provide more recognition for Northern Oil in the investment community, but also create a more liquid, efficient market in which to trade, reinforcing our constant priority to maximize stockholder value," stated Michael Reger, Chief Executive Officer of Northern Oil. "We are very pleased with the listing of our shares on the AMEX and look forward to working further with the AMEX staff."

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil's core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play where the company controls approximately 32,000 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 http://www.northernoil.com.

Safe Harbor:
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Contact:

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play where the company controls approximately 32,000 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 http://www.northernoil.com.

Safe Harbor:
Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

Contact:

Northern has been selected to present at the 2008 Independent Petroleum Association of America's Oil & Gas Investment Symposium in New York. Northern's CEO, Michael Reger, is scheduled to present on Tuesday, April 8, 2008 at 2:00 PM EDT. A webcast of the presentation will be available and can be accessed by logging onto www.ipaa.org.

In addition, Northern has been selected to present at the Howard Weil 36th Annual Energy Conference in New Orleans, Louisiana. Northern's CEO, Michael Reger, is scheduled to present on Thursday, April 10, 2008 at 9:30 AM CDT. The presentation will be available on the company’s website at www.NorthernOil.com.

About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil’s core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play where the company controls approximately 32,000 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 & Gas can be found at www.NorthernOil.com.

Contact:

Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

"Northern's streamlined cost structure and non-operating model has proven to be an excellent fit with the rapidly expanding North Dakota Bakken play," said Michael Reger, Chairman and Chief Executive Officer of Northern Oil & Gas. "The increasing speed at which our operating partners are drilling our lower working interest wells gives us invaluable operational knowledge going forward as we prepare to develop our higher working interest wells." Reger added, "Northern controls approximately 25 high working interest well units in close proximity to current development, providing an extensive inventory of drilling locations to be permitted in 2009 and beyond."

DRILLING UPDATE
*Includes back-in working interest

About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil's core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play where the company controls approximately 32,000 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 & Gas can be found at www.NorthernOil.com.

Contact:

Forward-looking statements in this release 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 Company's periodic reports filed with the Securities and Exchange Commission.

"We believe that our land bank arrangement with Deephaven provides us the liquidity and flexibility to continue to increase our leasehold position in Mountrail County, North Dakota in an aggressive and efficient manner," stated Michael Reger, Chief Executive Officer of Northern Oil. "The land bcapital as we continue to monitor accelerated drilling activity."

About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Northern Oil's core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play where the company controls approximately 32,000 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 & Gas can be found at www.NorthernOil.com.

Safe Harbor:
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our Company’s operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Contact:
Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
NorthernOil.com

FIG Partners, LLC Energy Research and Capital Group acted as agent on Northern Oil's behalf in facilitating the exercise of the warrants.

"We are very excited about the confidence our investors have shown in Northern Oil by exercising their warrants nearly one year prior to their expiration," commented Michael Reger, Chief Executive Officer of Northern Oil. "The capital received from the exercise of those warrants combined with our recent $8.1 million land bank arrangement provides us the liquidity and resources necessary to continue to grow our acreage position in Mountrail County and fund the drilling and development activities already underway on our current acreage. We believe our current cash position and increasing cash flows will enable Northern Oil to successfully meet all of our drilling objectives for the foreseeable future."

Northern Oil has participated in six successful well completions to-date and expects to participate in over 40 gross wells currently permitted in the North Dakota Bakken trend of the Williston Basin in the coming months.

About Northern Oil and Gas, Inc.:
Northern Oil and Gas, Inc. is an exploration and production company based in Wayzata, Minnesota. Our core area of focus is the Williston Basin, specifically the Mountrail County, North Dakota area Bakken Play where the company controls approximately 32,000 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.

Safe Harbor:
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward- looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Contact:
Michael Reger
CEO

Ryan Gilbertson
CFO

Phone: 952-476-9800
Fax: 952-476-9801
www.NorthernOil.com