Northern Oil and Gas, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2014

The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the years ended December 31, 2014, 2013, and 2012:

	2014							2013						2012
	Net Income		Shares		Per Share			Net Income		Shares		Per Share		Net Income		Shares		Per Share
Basic EPS	$	163,745,945		60,691,701	$	2.70		$	53,067,036		62,364,957	$	0.85	$	72,284,624		62,485,836	$	1.16
Dilutive Effect of Options		-		169,068		(0.01	)		-		382,341		-		-		383,243		(0.01	)
Diluted EPS	$	163,745,945		60,860,769	$	2.69		$	53,067,036		62,747,298	$	0.85	$	72,284,624		62,869,079	$	1.15