NORTHERN OIL & GAS INC

Ticker: NOG CUSIP: 665531307 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2025

Shares 79,423 Value ($000) $1,705 Avg Close $22.43 Range $20.18 - $25.90

Q3 2025

Shares 10,449 Value ($000) $259 Avg Close $26.52 Range $22.75 - $31.28

Q2 2025

Shares 14,629 Value ($000) $415 Avg Close $26.90 Range $19.88 - $32.62

Q1 2025

Shares 14,130 Value ($000) $427 Avg Close $34.27 Range $26.60 - $42.35

Q4 2024

Shares 39,923 Value ($000) $1,484 Avg Close $39.19 Range $34.72 - $44.31

Q3 2024

Shares 8,419 Value ($000) $298 Avg Close $38.15 Range $33.17 - $43.80

Q2 2024

Shares 7,765 Value ($000) $289 Avg Close $40.11 Range $36.54 - $43.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	79,423	$1,705	$22.43	$20.18 - $25.90
Q3 2025	10,449	$259	$26.52	$22.75 - $31.28
Q2 2025	14,629	$415	$26.90	$19.88 - $32.62
Q1 2025	14,130	$427	$34.27	$26.60 - $42.35
Q4 2024	39,923	$1,484	$39.19	$34.72 - $44.31
Q3 2024	8,419	$298	$38.15	$33.17 - $43.80
Q2 2024	7,765	$289	$40.11	$36.54 - $43.75