MINNEAPOLIS, Jan. 27, 2017 /PRNewswire/ -- Northern Oil and
Gas, Inc. (NYSE MKT: NOG) ("Northern") announced today that
Michael Popejoy, Senior Vice
President of Energy for TRT Holdings, Inc. ("TRT") in Dallas, Texas has been appointed to Northern's
board of directors. TRT is a significant holder of both
Northern's common equity and 8% senior notes. "We are pleased
to welcome Michael, and believe that his expertise and insights
will add valuable perspective to our Board," said Richard Weber, Northern's Chairman of the
Board.
In connection with today's announcement, Northern announced that
it has entered into a letter agreement with TRT. Under the
agreement, Northern agreed to nominate Michael Frantz (who joined Northern's board of
directors in August 2016) and Mr.
Popejoy for election to the board at Northern's 2017 annual meeting
of shareholders, and TRT has agreed to customary standstill
provisions and to vote its shares in favor of election of
Northern's slate of directors at the 2017 annual
meeting.
ABOUT TRT HOLDINGS
TRT Holdings is a multi-billion dollar diversified private
holding company whose largest investments currently include Omni
Hotels & Resorts, Gold's Gym and Tana Exploration, in addition
to select public, real estate and other investments.
ABOUT NORTHERN OIL AND GAS
Northern is an exploration and production company with a core
area of focus in the Williston
Basin Bakken and Three Forks play
in North Dakota and Montana. More information about Northern
Oil and Gas, Inc. can be found at www.NorthernOil.com.
INVESTOR RELATIONS CONTACT
Brandon Elliott, CFA
EVP, Corporate Development and Strategy
952-476-9800
belliott@northernoil.com
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SOURCE Northern Oil and Gas, Inc.