Northern Oil and Gas, Inc. (NOG)

[ortco1]

LIQUIDITY for NOG

At December 31, 2015, Northern had $150 million in outstanding borrowings under its revolving credit facility, down from $188 million at June 30, 2015. With a $550 million borrowing base under the revolving credit facility, Northern had approximately $403.4 million of available liquidity at year-end, including cash on-hand. As of March 1, 2016, outstanding borrowings under the revolving credit facility had been further reduced to $125 million. As of March 1, 2016, the estimated cash settlement value of all of Northern's derivative instruments scheduled for settlement during 2016 was $74.0 million.