X0303 4 2008-07-21 0 0001104485 NORTHERN OIL & GAS, INC. NOG 0001394821 GILBERTSON RYAN RANDALL 315 MANITOBA AVE 200 WAYZATA MN 55391 1 1 0 0 C. F. 0 Common Stock 2008-07-21 4 S 0 15000 11.9669 D 643413 D Common Stock 1450000 I By LLC The Reporting Person sold 15,000 shares of common stock through a trading plan established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The shares of Common Stock were sold on behalf of the Reporting Person pursuant to a Rule 10b5-1 trading plan based upon the volume weighted average price of the Issuer?s common stock on the Transaction Date noted above. Sales occurred at prices varying from $11.68 to $12.55 per share, resulting in an average sale price per share of $11.9669. /s/ Ryan R. Gilbertson 2008-07-23