Northern Oil and Gas, Inc. Announces Fifth Successful Bakken Discovery and Provides 2008 Drilling Update

WAYZATA, Minn., April 8, 2008 /PRNewswire-FirstCall/ -- Northern Oil and Gas, Inc. AMEX: NOG -- an exploration and production company, announced the successful completion of its fifth horizontal Bakken discovery in the growing North Dakota oil play. The company participated in the successful completion of the Kent Carlson 24-26H as a horizontal Bakken producer in Dunn County. The well was operated by Marathon Oil and Northern participated with a 6.25% working interest. This well is Northern's second successful Bakken discovery with Marathon. In addition, the Rick Clair 25-36H discovery was recently completed on Northern acreage by Murex Petroleum in Mountrail County. Northern controls a 6.25% interest in the Murex drilling unit. Previously announced were 2 successful Mountrail County Bakken discoveries (6.25% & 8.5% WI) and a Montana Red River discovery (37% WI) operated by Brigham Exploration NASDAQ: BEXP. These discoveries bring Northern's net production to approximately 200 barrels per day with development of less than 1% of the Company's acreage position.

Northern is currently participating in 3 additional Bakken wells and its acreage has been included in approximately 30 additional wells permitted to be drilled in 2008. Based on currently permitted wells, Northern expects to participate in approximately 40 gross/3 net wells in 2008. Total Bakken drilling cap-ex will be approximately $11 million, including approximately $2 million for wells started in late 2007. Conventional drilling cap-ex, including Red River and Mission Canyon objectives, will be approximately $1 million. Northern expects to spend an additional $5 million on acreage acquisitions in 2008.

"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

    Operator         Well Name             NOG WI   County     Spud Date
                                           (Est.)              (Est.)

    BRIGHAM OIL      BERGSTROM 26 #1-H     24.00%*  MOUNTRAIL  10/31/2007
     & GAS, L.P.

    BRIGHAM OIL      HALLINGSTAD 27 #1H    20.00%*  MOUNTRAIL  12/28/2007
     & GAS, L.P.

    BRIGHAM OIL      RICHARDSON 25-1       37.00%   SHERIDAN   11/5/2007
     & GAS, L.P.

    MUREX PETROLEUM  RICK CLAIR 25-36H      6.25%   MOUNTRAIL  1/15/2008
     CORPORATION

    MARATHON OIL     REISS 34-20H           3.00%   DUNN       10/1/2007
     COMPANY

    MARATHON OIL     KENT CARLSON 24-36H    6.25%   DUNN       3/1/2008
     COMPANY

    EOG RESOURCES,   WAYZETTA 1-13H         6.25%   MOUNTRAIL  5/1/2008
     INC.

    EOG RESOURCES,   MODEL 1-05H            3.00%   MOUNTRAIL  TBD
     INC.

    EOG RESOURCES,   MODEL 2-08H            3.00%   MOUNTRAIL  TBD
     INC.

    EOG RESOURCES,   MODEL 4-19H            3.00%   MOUNTRAIL  TBD
     INC.

    EOG RESOURCES,   RUUD 1-18H             3.00%   MOUNTRAIL  TBD
     INC.

    EOG RESOURCES,   TBD                    3.00%   MOUNTRAIL  TBD
     INC.

    EOG RESOURCES,   AUSTIN 23-32H          3.00%   MOUNTRAIL  TBD
     INC.

    EOG RESOURCES,   AUSTIN 3-4H            1.00%   MOUNTRAIL  TBD
     INC.

    WHITING OIL      RICHARDSON FEDERAL     1.00%   MOUNTRAIL  TBD
     & GAS, INC.      11-9H

    WHITING OIL      BRAAFLAT 11-11H        1.00%   MOUNTRAIL  Drilling
     & GAS, INC.

    SLAWSON          PATHFINDER 1-9H        3.00%   MOUNTRAIL  Drilling
     EXPLORATION
     COMPANY, INC.

    SLAWSON          NIGHTCRAWLER #1-17H    5.00%   MOUNTRAIL  TBD
     EXPLORATION
     COMPANY, INC.

    SLAWSON          PROWLER 1-16H          5.00%   MOUNTRAIL  TBD
     EXPLORATION
     COMPANY, INC.

    SLAWSON          HEDGEHOG 1-6H          5.00%   MOUNTRAIL  TBD
     EXPLORATION
     COMPANY, INC.

    SLAWSON          TOMCAT 1-2H            5.00%   MOUNTRAIL  TBD
     EXPLORATION
     COMPANY, INC.

    SLAWSON          SENTRY 10-1H           5.00%   MOUNTRAIL  TBD
     EXPLORATION
     COMPANY, INC.

    BRIGHAM OIL      TBD                   15.00%   MOUNTRAIL  TBD
     & GAS, L.P.

    BRIGHAM OIL      JOHNSON 33 #1-H       12.50%   MOUNTRAIL  Drilling
     & GAS, L.P.

    BRIGHAM OIL      RICHARDSON 30-1       32.5%*   SHERIDAN   4/15/2008
     & GAS, L.P.

    BEHM ENERGY,     EDWARDS 1-30 BH        3.00%   MOUNTRAIL  TBD
     INC.

    BEHM ENERGY,     MOEN 1-29 BH           3.00%   MOUNTRAIL  TBD
     INC.

    HESS             EN-MOLLET-            12.50%   MOUNTRAIL  4/15/2008
     CORPORATION      158-93-2019H-1

    SINCLAIR OIL     NELSON 1-26H           3.00%   MOUNTRAIL  4/15/2008

    MARATHON OIL     MARY HANSEN 14-9H      6.25%   DUNN       TBD
     COMPANY

    MARATHON OIL     BUEHNER 44-12H         6.25%   DUNN       TBD
     COMPANY
    CONTINENTAL      SKACHENKO 1-31H        6.25%   DUNN       6/15/2008
     RESOURCES, INC.

    CONTINENTAL      FAGERBAKKE #1-33h     10.00%   DIVIDE     5/15/2008
     RESOURCES, INC.

    CONTINENTAL      TBD                    6.25%   DIVIDE     TBD
     RESOURCES, INC.

    CONTINENTAL      TBD                   12.50%   DIVIDE     TBD
     RESOURCES, INC.

    ST. MARY LAND    S.M. CLARK 4-6H        2.00%   MOUNTRAIL  TBD
     & EXPLORATION

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 .

    Contacts
    Michael Reger, CEO
    Ryan Gilbertson, CFO
    Phone: 952-476-9800
    Fax: 952-476-9801
    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.