HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

LUMINUS MANAGEMENT LLC's Holding History (CIK: 0001279151)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 715,045 Value ($000) $7,873 Avg Close $11.20 Range $9.04 - $12.23

Q3 2014

Shares 763,430 Value ($000) $9,039 Avg Close $12.82 Range $9.50 - $14.35

Q2 2014

Shares 502,429 Value ($000) $4,768 Avg Close $9.01 Range $8.41 - $9.96

Q1 2014

Shares 502,429 Value ($000) $4,296 Avg Close $8.20 Range $7.47 - $8.99

Q4 2013

Shares 478,229 Value ($000) $3,855 Avg Close $7.44 Range $6.58 - $8.55

Q3 2013

Shares 298,980 Value ($000) $2,183 Avg Close $7.62 Range $6.75 - $8.46

Q2 2013

Shares 298,980 Value ($000) $2,407 Avg Close $7.40 Range $6.38 - $8.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	715,045	$7,873	$11.20	$9.04 - $12.23
Q3 2014	763,430	$9,039	$12.82	$9.50 - $14.35
Q2 2014	502,429	$4,768	$9.01	$8.41 - $9.96
Q1 2014	502,429	$4,296	$8.20	$7.47 - $8.99
Q4 2013	478,229	$3,855	$7.44	$6.58 - $8.55
Q3 2013	298,980	$2,183	$7.62	$6.75 - $8.46
Q2 2013	298,980	$2,407	$7.40	$6.38 - $8.49