HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Summit Trail Advisors, LLC's Holding History (CIK: 0001698478)

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

Q4 2017

Shares 125 Value ($000) $1 Avg Close $5.63 Range $4.79 - $6.61

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	125	$1	$5.63	$4.79 - $6.61