Northern Oil and Gas, Inc. (Northern) is an independent energy company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties, and has focused its activities primarily on projects based in the Rocky Mountain Region of the United States, specifically the Williston Basin. As of March 16, 2009, the Company has completed 46 discoveries, consisting of 43 targeting the Bakken formation and three targeting a Red River Structure. During the fiscal year ended December 31, 2008, it focused its operations on acquiring leaseholds and drilling exploratory and developmental wells primarily in the Rocky Mountain Region of the United States.