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$NOG {{ '2017-12-20T14:10:20+0000' | timeago}} • Announcement

$NOG Chairman Rich Weber announced his resignation to allow him to focus his time on his responsibilities as Chairman and CEO of PennEnergy Resources. The Board appointed current director Bahram Akradi as Lead Independent Director and a member of Executive Committee. Akradi and the Executive Committee will provide leadership on an ongoing basis.

$NOG {{ '2017-12-20T14:10:20+0000' | timeago}} • Announcement

$NOG Chairman Rich Weber announced his resignation to allow him to focus his time on his responsibilities as Chairman and CEO of PennEnergy Resources. The Board appointed current director Bahram Akradi as Lead Independent Director and a member of Executive Committee. Akradi and the Executive Committee will provide leadership on an ongoing basis.

$NOG {{ '2017-12-20T14:08:15+0000' | timeago}} • Announcement

$NOG's Board approved a preliminary 2018 capital budget of up to $176MM, which contemplates 20-22 net wells added to production during 2018. Based on this preliminary budget, 2018 annual production is expected to increase by 10-14% when compared to 2017. The Board also sees a 10-15% reduction in general and administrative expenses from 2017.

$NOG {{ '2017-12-20T14:06:35+0000' | timeago}} • Announcement

$NOG now expects 4Q17 average daily production to increase by 4-6% over 3Q17, compared to prior guidance indicating flat sequential production at the mid-point. The company now expects to add about 5-6 net wells to production and oil differential to improve by $1.50 per barrel.

$NOG {{ '2017-09-26T12:47:11+0000' | timeago}} • Announcement

$NOG, an exploration and production company, has entered into an agreement to settle the lawsuit brought against the company by its former CEO and founder, Michael Reger. Reger will be named Chairman Emeritus of Northern in recognition of his vision and passion in founding the company.

$NOG {{ '2017-07-24T14:12:50+0000' | timeago}} • Announcement

Energy exploration company $NOG has appointed senior executive Bahram Akradi to its BoD, effective immediately. Akradi currently serves as Northern Oil’s Chairman of the Board, President and CEO. It has also been agreed to increase the size of the Board to eight members from seven.

$NOG {{ '2017-05-08T16:04:52+0000' | timeago}} • Webcast

$NOG said its gas realizations in 1Q17 were impacted by NGLs in its blended pricing and this was driven mostly by an increase in propane. Assuming that propane saw a 30% increase and it stays consistent at these levels, the company believes it will see favorable impacts to its gas realizations.

$NOG {{ '2017-05-08T15:48:19+0000' | timeago}} • Webcast

$NOG said over the near-term, it is in a good liquidity position. One of the ways this is maintained is by increasing the hedging levels. The company is about two-thirds hedged through 2017. $NOG is looking for solutions to grow its cash flow and reduce borrowings.

$NOG {{ '2017-05-08T15:37:54+0000' | timeago}} • Webcast

$NOG said in 1Q17, about 85% of its wells had enhanced completion and the consent rate was around 80%. This was fairly consistent with the overall 2016 average.

$NOG {{ '2017-05-08T11:27:17+0000' | timeago}} • Announcement

$NOG still expects 2017 total annual production to equal or modestly exceed 2016 total production. $NOG expects to add about 12 net wells to production during the year, based on a preliminary capital budget of $102.2MM. Net well additions will be weighted to 2H17, which should result in sequential production growth in 3Q and 4Q.

$NOG {{ '2017-05-08T11:25:34+0000' | timeago}} • Announcement

$NOG's adjusted loss for 1Q17 was $0.1MM or breakeven per share compared to a profit of $0.5MM or $0.01 per share in the previous year quarter. The decrease in adjusted results is primarily due to lower realized commodity prices (after the effect of settled derivatives) and lower production levels.

$NOG {{ '2017-05-08T11:20:59+0000' | timeago}} • Announcement

$NOG's oil, natural gas and NGL sales, excluding the effect of settled derivatives, for 1Q17 increased 72% from last year. This was driven by a 77% increase in realized prices. The higher average realized price was principally driven by higher average NYMEX oil and natural gas prices and a lower oil price differential.

$NOG {{ '2017-05-08T11:18:24+0000' | timeago}} • Announcement

$NOG swung to a profit in 1Q17 from a loss last year, on lower operating expenses as well as highe revenue. Net income was $16.94MM or $0.27 per share compared to a loss of $126.6MM or $2.08 per share last year. Revenue grew to $65.82MM from $31.84MM.

$NOG {{ '2017-03-02T17:23:55+0000' | timeago}} • Webcast

For 1H17, $NOG expects production levels to trend slightly down from 4Q16 levels due to weather and estimated timing of the completion of In Process inventory wells. The company said production in 1Q17 will be more impacted by weather and will begin to recover from 2Q17.

$NOG {{ '2017-03-02T17:22:04+0000' | timeago}} • Webcast

$NOG said its production in 4Q16 increased 2% sequentially despite severe weather in Dec. The company said 4Q16 production averaged 13,688 barrels of oil equivalent (Boe) per day and 2016 production averaged 13,653 Boe per day.

$NOG {{ '2017-03-02T12:54:44+0000' | timeago}} • Announcement

$NOG expects 2017 total annual production to equal or modestly exceed 2016. $NOG expects to add about 12 net wells to production during the year, based on a preliminary capital budget of $102.2MM. Due to winter weather and the potential for road restrictions during the spring, completions are expected to be weighted to 2H17.

$NOG {{ '2017-03-02T12:50:37+0000' | timeago}} • Announcement

$NOG reported a narrower 4Q16 loss driven by lower expenses and last year's impairment of oil and natural gas properties. Net loss narrowed to $12.33MM or $0.20 per share from $172.31MM or $2.84 per share last year. Revenue fell to $35.94MM from $56.91MM. Adjusted EPS declined to $0.04 from $0.25.

$NOG {{ '2017-01-30T11:52:57+0000' | timeago}} • Announcement

$NOG appointed Michael Popejoy, SVP of Energy for TRT Holdings in Dallas, Texas, to its BoD. TRT is a significant holder of both $NOG's common equity and 8% senior notes. In addition, $NOG entered into a letter agreement with TRT whereby $NOG agreed to nominate Michael Frantz and Popejoy for election to the board at $NOG's 2017 annual meeting.

$NOG {{ '2016-11-09T16:46:37+0000' | timeago}} • Webcast

$NOG's production averaged 13,442 Boe per day, despite about 600 Boe per day of shut-in production in 3Q16. Oil and gas sales, including cash from settled derivatives, totaled $50.7MM, down 16% from a year ago, driven by 15% decrease in production and 1% decrease in realized prices.

$NOG {{ '2016-11-08T22:30:12+0000' | timeago}} • Announcement

$NOG's 3Q16 revenue decreased to $45.1MM from $101.2MM a year ago. Production was down 15% at 1,236,708 Boe compared to the prior year. For 2016, the company expects total production to be down approx. 15% compared to 2015 production levels.

$NOG {{ '2016-11-08T22:19:52+0000' | timeago}} • Announcement

$NOG reported a narrowed net loss of $45.6MM or $0.74 per diluted share for 3Q16, compared to a net loss of $323.2MM or $5.33 per diluted share a year ago. 3Q16 net loss was impacted by lower realized commodity prices and production levels and a non-cash impairment charge of $43.8MM for oil and natural gas properties.

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