HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

MANGROVE PARTNERS IM, LLC's Holding History (CIK: 0001535392)

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

Q2 2014

Shares 125,733 Value ($000) $1,193 Avg Close $9.01 Range $8.41 - $9.96

Q1 2014

Shares 125,733 Value ($000) $1,075 Avg Close $8.20 Range $7.47 - $8.99

Q4 2013

Shares 97,759 Value ($000) $788 Avg Close $7.44 Range $6.58 - $8.55

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	125,733	$1,193	$9.01	$8.41 - $9.96
Q1 2014	125,733	$1,075	$8.20	$7.47 - $8.99
Q4 2013	97,759	$788	$7.44	$6.58 - $8.55