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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">As
      filed with the Securities and
      Exchange Commission on December 26, 2007</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font id="TAB1" style="MARGIN-LEFT: 252pt"></font>Registration
      Statement No.
      333-____________</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div><br></div>
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      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div><br></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">UNITED
      STATES</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SECURITIES
      AND EXCHANGE
      COMMISSION</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Washington,
      DC
      20549</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM
      S-8</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><a name="FIS_UNIDENTIFIED_TABLE"><br></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">REGISTRATION
      STATEMENT UNDER THE
      SECURITIES ACT OF 1933</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NORTHERN
      OIL AND GAS,
      INC.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Exact
      name of registrant as
      specified in its charter)</font></font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Nevada</font></font></div>
            </td>
            <td valign="bottom" width="3%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">1311</font></font></div>
            </td>
            <td valign="bottom" width="3%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">87-0645378</font></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(State
                or other jurisdiction
                of</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">incorporation
                or
                organization)</font></font></div>
            </td>
            <td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Primary
                Standard
                Industrial</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Classification
                Code
                Number)</font></font></div>
            </td>
            <td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(I.R.S.
                Employer Identification
                No.)</font></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">130
      Lake Street West, Suite
      300</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Wayzata,
      Minnesota
      55391</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;(Address
      of Principal Executive
      Offices)</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NORTHERN
      OIL AND GAS,
      INC.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">INCENTIVE
      STOCK OPTION
      PLAN</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Full
      title of the
      plan)</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MICHAEL
      REGER</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CHIEF
      EXECUTIVE
      OFFICER</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">130
      LAKE STREET WEST, SUITE
      300</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WAYZATA,
      MINNESOTA
      55391</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(952)
      476-9800</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(Name,
      Address and Telephone Number
      of Agent for Service)</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-STYLE: italic">Copy
      to:</font></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">JAMES
      R.
      SANKOVITZ</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">ADAMS,
      MONAHAN &amp; SANKOVITZ,
      LLP</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">701
      XENIA AVENUE SOUTH, SUITE
      130</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MINNEAPOLIS,
      MINNESOTA
      55416</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(763)
      746-3490</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><a name="FIS_UNIDENTIFIED_TABLE_2"><br></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CALCULATION
      OF REGISTRATION
      FEE</font></font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="39%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Title
                Of Each Class Of
                Securities To Be Registered</font></font></div>
            </td>
            <td valign="middle" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Amount
                To Be
                Registered</font></font></div>
            </td>
            <td valign="bottom" width="2%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Proposed
                Maximum Offering Price
                Per</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Share</font>(3)</font></div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Proposed
                Maximum Aggregate
                Offering</font>&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Price</font></font></div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Amount
                Of
                Registration</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Fee</font></font></div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="39%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
                stock , par value $0.001 per share</font></div>
            </td>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2,000,000
                (1)</font></div>
            </td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$
                6.81</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$
                13,620,000</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$
                418.13</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="39%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Common
                stock, par value $0.001 per share</font></div>
            </td>
            <td valign="middle" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">20,000
                (2)</font></div>
            </td>
            <td valign="bottom" width="2%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="10%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$
                6.81</font></div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$&#160;&#160;&#160;&#160;&#160;&#160;136,200</font></div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$&#160;&#160;&#160;&#160;&#160;4.18</font></div>
            </td>
            <td valign="bottom" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="bottom" width="39%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Total
                Registration</font></font></div>
            </td>
            <td valign="middle" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2,020,000</font></div>
            </td>
            <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$
                13,756,200</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">$
                422.31</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(1)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Represents
                shares of Registrant&#8217;s common stock issued or reserved for future issuance
                upon exercise of stock options issued or reserved for future issuance
                under the Northern Oil and Gas, Inc. Incentive Stock Option
                Plan.&#160;&#160;In accordance with Rule 416(a) under the Securities Act
                of 1933, as amended, the Registration shall be deemed to cover any
                additional securities that may from time to time be offered or issued
                pursuant to the Incentive Stock Option Plan to prevent dilution from
                stock
                splits, stock dividends, recapitalization or similar
                transactions.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(2)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Represents
                shares of Registrant&#8217;s common stock issued to employee Chad Winter
                pursuant to the terms of Mr. Winter&#8217;s employment
                agreement.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(3)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Estimated
                solely for purposes of calculating the registration fee under Rule
                457(h)
                under the Securities Act of 1933, as amended, based upon the average
                of
                the high and low sale prices of such common stock as reported on
                OTC
                Bulletin Board on December 21,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">EXPLANATORY
      NOTE</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Registration Statement is being filed to register shares of common stock, par
      value $0.001, of Northern Oil and Gas, Inc. (the &#8220;Company&#8221;), consisting of
      shares previously issued, or that will be issued, pursuant to the Northern
      Oil
      and Gas, Inc. Incentive Stock Option Plan (the &#8220;Plan&#8221;) and certain shares issued
      to employee Chad Winter pursuant to the terms of a Mr. Winter&#8217;s employment
      agreement (&#8220;Winter Shares&#8221;).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Registration Statement includes a &#8220;reoffer&#8221; prospectus, prepared in accordance
      with Part I of Form S-3 (pursuant to Instruction C of the General Instructions
      to Form S-8), which is included below immediately prior to Part I of this
      Registration Statement.&#160;&#160;Pursuant to Instruction C of the General
      Instructions to Form S-8, the reoffer prospectus may be used for reoffers and
      resales of shares which may be deemed to be &#8220;control securities&#8221; under the
      Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;) and the rules and
      regulation promulgated thereunder that have been acquired by the selling
      stockholders identified in the reoffer prospectus.&#160;&#160;The number of
      shares included in the reoffer prospectus represents the total number of shares
      that may be acquired by the selling stockholders upon the vesting of awards
      made
      under the Plan and does not necessarily represent a present intention to sell
      all such ordinary shares (the intentions of applicable selling stockholders
      are
      specified as necessary in the reoffer prospectus).&#160;&#160;The second part of
      this Registration Statement contains information required in the Registration
      Statement pursuant to Part II of Form S-8.&#160;&#160;Pursuant to the Note to
      Part I of Form S-8, the plan information specified by Part I of Form S-8 does
      not need to be filed with the Securities and Exchange Commission (the
&#8220;Commission&#8221;).</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">REOFFER
      PROSPECTUS</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Northern
      Oil and Gas,
      Inc.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">2,000,000
      Shares of common
      stock</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Reoffer Prospectus (the &#8220;Prospectus&#8221;) relates to an aggregate of up to 2,000,000
      shares (the &#8220;Shares&#8221;) of common stock, par value $0.001 per share (the &#8220;common
      stock&#8221;), of Northern Oil and Gas, Inc., a Nevada corporation (the &#8220;Company&#8221;),
      which may be offered and sold from time to time by certain stockholders of
      the
      Company (the &#8220;Selling Stockholders&#8221;) who have previously acquired, or that will
      acquire, such Shares pursuant to the Northern Oil and Gas, Inc. Incentive Stock
      Option Plan (the &#8220;Incentive Stock Plan&#8221;).&#160;&#160;The Company&#8217;s common stock
      is listed on the OTC Bulletin Board under the symbol &#8220;NOGS&#8221;.&#160;&#160;On
      December 21, 2007, the last reported sales price of the Company&#8217;s common stock
      on the OTC Bulletin Board was $6.95 per share.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Shares of common stock of the Company, covered by this Prospectus, may be
      offered and sold to the public by certain stockholders of the
      Company.&#160;&#160;All costs, expenses and fees in connection with the
      registration of the Shares will be borne by the Company.&#160;&#160;Brokerage
      commissions and similar selling expenses, if any, attributable to the offer
      or
      sale of the Shares will be borne by the Selling Stockholders (or their donees
      and pledges).&#160;&#160;The Shares of common stock to be sold are &#8220;control
      securities&#8221; under the Securities Act and the rules and regulations promulgated
      thereunder before their sale under the Prospectus.&#160;&#160;This Prospectus
      has been prepared under the Securities Act to allow for future sales by the
      Selling Stockholders to the public without restriction.&#160;&#160;The Selling
      Stockholders may sell ordinary shares through one or more agents, brokers or
      dealers or directly to purchasers.&#160;&#160;Such brokers or dealers may
      receive compensation in the form of commissions, discounts or concessions from
      the Selling Stockholders and/or purchasers, or both (which compensation as
      to a
      particular broker or dealer may be in excess of customary
      commissions).&#160;&#160;In connection with such sales, the Selling Stockholders
      and any participating broker or dealer may be deemed to be &#8220;underwriters&#8221; within
      the meaning of the Securities Act, and any commissions they receive and the
      proceeds of any sale of Shares of common stock may be deemed to be underwriting
      discounts and commissions under the Securities Act.&#160;&#160;In addition, any
      profits realized by the Selling Stockholders may be deemed to be underwriting
      commissions.&#160;&#160;The Company will not receive any proceeds from the sale
      of the Shares of common stock by the Selling Stockholders.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Investors
      should carefully consider the &#8220;Risk Factors&#8221; beginning on page 1.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THESE
      SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
      COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND
      EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY
      OR ADEQUACY OF THIS PROSPECTUS.&#160;&#160;ANY REPRESENTATION TO THE CONTRARY IS
      A CRIMINAL OFFENSE.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      date
      of this Prospectus is December 26, 2007.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">i</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="V081600_SB2A_HTM_V077474_SB2_HTM_TOC">TABLE
      OF
      CONTENTS</a></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="bottom" width="87%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Page</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">ABOUT
                THIS PROSPECTUS</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">RISK
                FACTORS</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">USE
                OF PROCEEDS</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">SELLING
                STOCKHOLDERS</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">PLAN
                OF DISTRIBUTION</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">LEGAL
                MATTERS</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">EXPERTS</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">INCORPORATION
                OF CERTAIN DOCUMENTS BY REFERENCE</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="87%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">WHERE
                YOU CAN FIND MORE INFORMATION</font></div>
            </td>
            <td align="right" valign="bottom" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      person
      is authorized to give any information or represent anything not contained or
      incorporated by reference in this Prospectus or any prospectus
      supplement.&#160;&#160;This Prospectus and any prospectus supplement do not
      constitute an offer to sell or a solicitation of any offer to by any securities
      in any jurisdiction to any person to whom it is unlawful to make such offer
      or
      solicitation in such jurisdiction.&#160;&#160;The information contained in this
      Prospectus or any prospectus supplement, as well as information incorporated
      by
      reference, in current only as of the date of that information.&#160;&#160;The
      Company&#8217;s business, financial condition and results of operations may have
      changed since that date. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">ii</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="FIS_TABLE_OF_CONTENTS" /><a name="FIS_PROSPECTUS_SUMMARY" /><a name="V081600_SB2A_HTM_V077474_SB2_HTM_SUM">ABOUT
      THIS PROSPECTUS</a></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Prospectus relates to 2,000,000 Shares of the Company&#8217;s common stock reserved
      for future issuance to the Selling Stockholders under the Company&#8217;s Incentive
      Stock Plan, which has been approved by the Company&#8217;s Board of Directors and
      stockholders.&#160;&#160;The Selling Stockholders described in this Prospectus
      may sell the Shares until the Company terminates this offering.&#160;&#160;Most
      of the information about the Company that you need to know before you invest
      in
      the Shares is not included in this Prospectus, but rather is incorporated by
      reference into this Prospectus.&#160;&#160;You should obtain and read the
      information described below under the headings &#8220;Incorporations of Certain
      Documents by Reference&#8221; and &#8220;Where You Can Find More Information&#8221; in order to
      have all the important information about the Company.&#160;&#160;&#160;Northern
      Oil and Gas, Inc. is a growth-oriented independent energy company engaged in
      the
      acquisition, exploration, exploitation and development of oil and natural gas
      properties.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
      business strategy is to identify and exploit resources in and adjacent to
      existing or indicated producing areas that can be quickly developed and put
      in
      production at low cost.&#160;&#160;We also intend to take advantage of our
      expertise in aggressive land acquisition to develop exploratory projects with
      extremely attractive growth potential in focus areas and to participate with
      other companies in those areas to explore for oil and natural gas using
      state-of-the-art 3D seismic technology. We believe our edge lies in our ability
      to acquire property in the most exciting new plays in a nimble and efficient
      fashion. We are focused on low overhead. For example, our officers, who are
      also
      major stakeholders, do not currently take salaries. We believe we are in a
      position to most efficiently exploit and identify high production oil and gas
      properties. We will actively continue to pursue the acquisition of properties
      that fit our profile.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="FIS_RISK_FACTORS" /><a name="V081600_SB2A_HTM_V077474_SB2_HTM_RF">RISK
      FACTORS</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      information included and incorporated by reference in this Prospectus contains
      &#8220;forward-looking statements,&#8221; within the meaning of the federal securities
      laws.&#160;&#160;These statements describe the Company&#8217;s plans and beliefs
      concerning future business conditions and the outlook for the Company based
      on
      currently available information.&#160;&#160;The Company&#8217;s actual results could
      differ materially from those described in the forward-looking statements due
      to
      a number of risks and uncertainties.&#160;&#160;These risks and uncertainties
      include the risks discussed in &#8220;Factors That May Affect Our Results of
      Operations&#8221; and elsewhere in our Form 8-K12G3 filed with the Commission on March
      23, 2007 and in our more recent filings with the Commission which are
      incorporated by reference in this Prospectus.&#160;&#160;See &#8220;Incorporation of
      Certain Documents by Reference&#8221; below.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="FIS_SELLING_SHAREHOLDERS">USE
      OF PROCEEDS</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will not receive any proceeds from the sale of the Shares by the Selling
      Stockholders.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="V081600_SB2A_HTM_V077474_SB2_HTM_SS">SELLING
      STOCKHOLDERS</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This
      Prospectus relates to Shares that are being registered for reoffers and resales
      by the Selling Stockholders, who acquired or may acquire Shares pursuant to
      the
      Incentive Stock Plan.&#160;&#160;The Selling Stockholders to whom this
      Prospectus relates may be deemed holders of &#8220;control securities&#8221;, as such term
      is used in General Instruction C to Form S-8.&#160;&#160;The Selling
      Stockholders may resell all, a portion or none of these Shares from time to
      time.&#160;&#160;The information in the table below sets forth, for each Selling
      Stockholder, based upon the information available to us as of December 21,
      2007,
      the number of Shares owned, the number of Shares registered and available to
      be
      sold by this Prospectus and the number and percent of outstanding Shares that
      will be owned after the sale of registered Shares assuming the sale of all
      registered Shares.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Beneficial
      ownership is determined in accordance with the rules of the Commission, is
      based
      upon 28,003,126 shares of the Company&#8217;s Common Stock outstanding as of December
      21, 2007, and generally includes voting or investment power with respect to
      securities.&#160;&#160;The table below sets forth shares available to be sold,
      which represents the maximum number of shares that could be sold under this
      Prospectus by the Selling Stockholder.&#160;&#160;The amounts listed under
&#8220;Number of Shares Available to be Sold&#8221; do not constitute commitments to sell
      any or all of the stated number of Shares.&#160;&#160;The Selling Stockholders
      are not obliged to sell the Shares offered in this Prospectus and may choose
      not
      to sell any of the Shares or only a part of the Shares in his or her unilateral
      discretion.&#160;&#160;Selling Stockholders Michael Reger and Ryan Gilbertson
      both have a present intention to sell 50,000 of their Shares.&#160;&#160;We have
      not been informed whether any other Selling Stockholders intend to sell any
      Shares.&#160;&#160;In addition to the total number of Shares available to be
      sold set forth in the table below, an aggregate 340,000 Shares will become
      available for resale by parties presently unknown or unidentified pursuant
      to
      the options reserved for future issuance under the Company&#8217;s Incentive Stock
      Plan.&#160;</font></div>
    <div><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">1</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="bottom" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Selling
                Stockholder
                (1)</font></font></div>
            </td>
            <td valign="bottom" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Number
                of Shares Beneficially Owned</font></div>
            </td>
            <td valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Percentage
                Beneficially Owned (2)</font></div>
            </td>
            <td valign="bottom" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Shares
                Available to be Sold</font></div>
            </td>
            <td valign="bottom" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Percentage
                Beneficially Owned Following Completion of Offering</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Michael
                Reger (Chief Executive Officer)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;4,570,000
                (3)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">16.03%</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">500,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">14.28%</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Ryan
                Gilbertson (Chief Financial Officer)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2,357,500
                (4)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">8.27%</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">500,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">6.52%</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Douglas
                Polinsky (Former Director)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4,482,500
                (5)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">15.95%</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">15.59%</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Loren
                J. O&#8217;Toole (Director)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000
                (6)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Carter
                Stewart (Director)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">375,000
                (7)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">1.33%</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Jack
                King (Director)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000
                (6)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Robert
                Grabb (Director)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000
                (6)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Lisa
                Bromiley-Meier (Director)</font></div>
            </td>
            <td align="right" valign="top" width="17%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">110,000
                (8)</font></div>
            </td>
            <td align="right" valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
            <td valign="top" width="12%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">100,000</font></div>
            </td>
            <td align="right" valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">*</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*&#160;&#160;&#160;&#160;&#160;&#160;Less
      than one percent (1%).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
                of the Selling Stockholders is a control person by virtue of one
                of the
                following: (1) Selling Stockholder is an affiliate by virtue of owning
                more than 10% of the Company&#8217;s common stock; or, (2) Selling Stockholder
                is an officer and/or director of the Company; or, (3) Selling Stockholder
                is a non-employee director of the
                Company.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Figures
                are rounded to the nearest tenth of a
                percent.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Includes
                1,000 shares held by Michael Reger&#8217;s wife and 500,000 shares issuable upon
                exercise of options to purchase common
                stock.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(4)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Includes
                1,450,000 shares held by Crystal Bay Capital Consulting LLC, an entity
                controlled by Mr. Gilbertson and 500,000 shares issuable upon exercise
                of
                options to purchase common stock.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(5)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Includes
                100,000 shares issuable upon exercise of options to purchase common
                stock,
                2,000,000 shares held directly and 2,382,500 shares held by entities
                owned
                and/or controlled by Mr.&#160;Polinsky which may be deemed to be
                beneficially owned by him.&#160;&#160;This includes 905,000 shares held by
                Lantern Advisers, LLC, which is jointly controlled with Mr. Joseph
                Geraci,
                II and which are also included in his beneficial shareholdings listed
                above.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(6)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consists
                of shares issuable upon exercise of options to purchase common
                stock.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(7)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Includes
                275,000 shares held by Gallatin Resources, LLC, an entity controlled
                by
                Mr. Stewart and 100,000 shares issuable upon exercise of options
                to
                purchase common stock.</font></div>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(8)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Includes
                10,000 shares held directly and 100,000 shares issuable upon exercise
                of
                options to purchase common stock.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><a name="V081600_SB2A_HTM_V077474_SB2_HTM_POD"><br></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">PLAN
      OF
      DISTRIBUTION</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      purpose of this Prospectus is to permit the Selling Stockholders and any of
      their pledgees, donees, transferees, assignees and successors-in-interest
      permitted to use Form S-8 under General Instruction A for Form S-8, from time
      to
      time, if they desire, to offer for sale and sell the Shares offered by the
      Incentive Stock Plan at such times as the Selling Stockholders
      choose.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      decision to sell any Shares is within the discretion of the Selling Stockholders
      thereof, subject to the Company&#8217;s policies affecting the timing and manner of
      sale of common stock by certain individuals.&#160;&#160;There can be no
      assurance that any Shares will be sold by the Selling Stockholders.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Selling Stockholders may sell the Shares only for their own
      accounts.&#160;&#160;The Selling Stockholders may sell any or all of their
      Shares of common stock on any stock exchange, market or trading facility on
      which the shares are traded or in private transactions.&#160;&#160;These sales
      may be at fixed or negotiated prices.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The
      Selling Stockholders and any
      broker-dealers that act in connection with the sale of Shares might be deemed
      to
      be &#8220;underwriters&#8221; within the meaning of Section 2(11) of the Securities Act, and
      any commissions received by such broker-dealers and any profit on the resale
      of
      the Shares sold by them while acting as principals might be deemed to be
      underwriting discounts or commissions under the Securities Act.&#160;&#160;The
      Selling Stockholders may agree to indemnify any agent, dealer or broker-dealer
      that participates in transactions involving sales of the Shares against certain
      liabilities, including liabilities arising under the Securities
      Act.&#160;&#160;None of the Selling Stockholders, at the date of this
      Prospectus, has any agreement, arrangement or understanding with any broker
      or
      dealer to sell any of the Shares.&#160;&#160;All selling and other expenses
      incurred by individual Selling Stockholders will be borne by those Selling
      Stockholders.&#160;&#160;Upon a sale of the Shares of common stock, the Selling
      Stockholder shall comply with the prospectus delivery requirements under the
      Securities Act by delivering a prospectus to each purchaser in the
      transaction.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Because
      the Selling Stockholders may be
      deemed to be &#8220;underwriters&#8221; within the meaning of Section 2(11) of the
      Securities Act, the Selling Stockholders will be subject to the prospectus
      delivery requirements of the Securities Act, which may include deemed delivery
      by brokers or dealers pursuant to Rule 153 under the Securities Act in
      connection with sales effected between brokers or dealers on or through the
      OTC
      Bulletin Board, an automated quotation system or an appropriate
      exchange.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      selling stockholders may also resell all or a portion of the Shares in open
      market transactions in reliance upon Rule 144 under the Securities Act, if
      available, rather than under this prospectus, provided they meet the criteria
      and conform to the requirements of such Rule.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="FIS_SECURITIES_DESCRIPTION" /><a name="FIS_LEGAL_MATTERS" /><a name="V081600_SB2A_HTM_V077474_SB2_HTM_LM">LEGAL
      MATTERS</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      validity of the Shares of the Company&#8217;s common stock being offered hereby will
      be passed upon by Adams, Monahan &amp; Sankovitz, LLP, Minneapolis,
      Minnesota.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;<a name="FIS_EXPERTS" /></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="V081600_SB2A_HTM_V077474_SB2_HTM_EXPERTS">EXPERTS</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mantyla
      McReynolds, LLC, an independent registered public accounting firm, has audited
      our financial statements for the year ended December 31, 2006 and 2005, as
      stated in their report incorporated herein by reference, and have been so
      included in reliance upon the report of such firm given upon their authority
      as
      experts in accounting and auditing.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="V081600_SB2A_HTM_V077474_SB2_HTM_WHERE">INCORPORATION
      OF CERTAIN DOCUMENTS
      BY REFERENCE</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The
      following documents have been filed
      with the Commission and are incorporated in this Prospectus by
      reference:</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s Annual Report on Form 10-KSB for the year ended December 31,
                2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s Quarterly Report on Form 10-QSB for the quarters ended March 31,
                2007, June 30, 2007, and September 30,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s current reports on Form 8-K filed on March 8, 2007, March 23,
                2007, April 23, 2007, May 9, 2007, July 2, 2007, August 17, 2007,
                September 14, 2007, September 18, 2007 and December 6,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
                other reports filed pursuant to Section13(a) or 15(d) of the Securities
                Exchange Act of 1934 since December 31,
                2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
      documents subsequently filed by the Company or the Incentive Stock Plan pursuant
      to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange Act of 1934,
      as amended, prior to the filing of a post-effective amendment to the
      registration statement of which this Prospectus is a part which indicates that
      all securities offered have been sold or which deregisters all securities then
      remaining unsold, shall be deemed to be incorporated by reference herein and
      to
      be a part hereof from the date of the filing of such documents (but this shall
      not include any document that is merely furnished to the
      Commission).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
      statement contained herein or in a document incorporated or deemed to be
      incorporated by reference herein shall be deemed to be modified or superseded
      for purposes of this Prospectus to the extent that a statement contained herein
      or in any other subsequently filed document which also is or is deemed to be
      incorporated by reference herein modifies or supersedes such earlier
      statement.&#160;&#160;Any statement so modified or superseded shall not be
      deemed, except as so modified or superseded, to constitute a part of this
      Prospectus.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      information relating to the Company contained in this Prospectus should be
      read
      together with the information in the documents herein incorporated by
      reference.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company hereby undertakes to provide without charge to each person to whom
      a
      copy of this Prospectus has been delivered, upon the written or oral request
      of
      any such person, a copy of any and all of the documents referred to above which
      have been or may be incorporated in this Prospectus by reference, other than
      exhibits to such documents which are not specifically incorporated by reference
      into such documents.&#160;&#160;Requests for such copies should be directed to:
      Chief Executive Officer and Chief Financial Officer, Northern Oil and Gas,
      Inc.,
      130 Lake Street West, Suite 130, Wayzata, Minnesota 55391 (Phone:
      952-476-9800).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHERE
      YOU CAN FIND MORE
      INFORMATION</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      are
      required to comply with the informational requirements of the Securities
      Exchange Act of 1934, as amended, and accordingly we file annual reports,
      quarterly reports, current reports, proxy statements and other information
      with
      the Commission.&#160;&#160;You may read or obtain a copy of these reports at the
      Commission&#8217;s public reference room at 100 F Street, N.E., Room 1580, Washington,
      D.C. 20549.&#160;&#160;You may also obtain copies of such material by mail from
      the Public Reference Room of the Commission, 100 F Street, N.E., Washington,
      D.C. 20549, at prescribed rates.&#160;&#160;Information regarding the operation
      of the Public Reference Room may be obtained by calling the Commission at
      1-800-SEC-0330.&#160;&#160;Additionally, the Commission maintains a website that
      contains registration statements, reports, proxy information statements and
      other information regarding registrants that file electronically with the
      Commission.&#160;&#160;The address of the website is
      http://www.sec.gov.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Prospectus constitutes part of a Registration Statement on Form S-8 filed on
      the
      date hereof (herein, together with all amendments and exhibits, referred to
      as
      the &#8220;Registration Statement&#8221;) by the Company with the Company under the
      Securities Act.&#160;&#160;This Prospectus does not contain all of the
      information set forth in the Registration Statement, certain parts of which
      are
      omitted in accordance with the rules and regulations of the
      Commission.&#160;&#160;For further information with respect to the Company and
      the common stock, reference is hereby made to the Registration
      Statement.&#160;&#160;Statements contained herein concerning the provisions of
      any contract, agreement or other document are not necessarily complete, and
      in
      each instance reference is made to the copy of such contract, agreement or
      other
      document filed as an exhibit to the Registration Statement or otherwise filed
      with the Commission.&#160;&#160;Each such statement is qualified in its entirety
      by such reference.&#160;&#160;Copies of the Registration Statement together with
      exhibits may be inspected at the offices of the Commission as indicated above
      without charge and copies thereof may be obtained therefrom upon payment of
      a
      prescribed fee.</font></div>
    <div><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">PART
      I</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">INFORMATION
      REQUIRED IN THE SECTION
      10(a) PROSPECTUS</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The
      Company will send or give the
      documents containing the information specified in Part I of Form S-8 to
      employees as specified by the Commission Rule 428(b)(1) under the Securities
      Act.&#160;&#160;The Company does not need to file these documents with the
      Commission either as part of this registration statement or as prospectuses
      or
      prospectus supplements under Rule 424 of the Act.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">PART
      II</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">INFORMATION
      REQUIRED IN THE
      REGISTRATION STATEMENT</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      3.&#160;&#160;Incorporation of
      Documents By Reference.</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The
      following documents are hereby
      incorporated by reference in this Registration Statement:</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s Annual Report on Form 10-KSB for the year ended December 31,
                2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s Quarterly Report on Form 10-QSB for the quarters ended March 31,
                2007, June 30, 2007, and September 30,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s current reports on Form 8-K filed on March 8, 2007, March 23,
                2007, April 23, 2007, May 9, 2007, July 2, 2007, August 17, 2007,
                September 14, 2007, September 18, 2007 and December 6,
                2007.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 54pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
                other reports filed pursuant to Section&#160;13(a) or 15(d) of the
                Securities Exchange Act of 1934 since December 31,
                2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
      documents subsequently filed by the Registrant or the Incentive Stock Plan
      pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange
      Act
      of 1934, as amended, prior to the filing of a post-effective amendment to the
      registration statement of which this Prospectus is a part which indicates that
      all securities offered have been sold or which deregisters all securities then
      remaining unsold, shall be deemed to be incorporated by reference herein and
      to
      be a part hereof from the date of the filing of such documents (but this shall
      not include any document that is merely furnished to the
      Commission).</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      4.&#160;&#160;Description of
      Securities.</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The
      Registrant&#8217;s common stock is
      registered under Section 12(g) of the Securities Exchange Act of 1934, as
      amended.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      5.&#160;&#160;Interests of Named
      Experts and Counsel.</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The
      financial statements incorporated
      in this Registration Statement pursuant to Item 3 have been so incorporated
      in
      reliance of report of Mantyla McReynolds, LLC, an independent registered public
      accounting firm, given upon their authority as experts in accounting and
      auditing.&#160;&#160;Mantyla McReynolds, LLC, the Registrant&#8217;s independent
      registered public accounting firm, has no interest in the
      Registrant.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Adams,
      Monahan &amp; Sankovtiz, LLP has passed upon the legality of the shares offered
      under this Registration Statement.&#160;&#160;Attorneys and non-clerical
      personnel at Adams, Monahan &amp; Sankovitz, LLP have no interest in the
      Registrant.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      6.&#160;&#160;Indemnification of
      Directors and Officers.</font></font></div>
    <div><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">None
      of
      our directors will have personal liability to us or any of our stockholders
      for
      monetary damages for breach of fiduciary duty as a director involving any act
      or
      omission of any such director since provisions have been made in the Articles
      of
      Incorporation limiting such liability. The foregoing provisions shall not
      eliminate or limit the liability of a director (i) for any breach of the
      director&#8217;s duty of loyalty to us or our stockholders, (ii) for acts or omissions
      not in good faith or, which involve intentional misconduct or a knowing
      violation of law, (iii) under applicable Sections of the Nevada Revised
      Statutes, (iv) the payment of dividends in violation of Section 78.300 of the
      Nevada Revised Statutes or, (v) for any transaction from which the director
      derived an improper personal benefit.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Corporation Laws of the State of Nevada and the Company&#8217;s Bylaws provide for
      indemnification of the directors, officers, and employees of the Company in
      most
      cases for any liability suffered by them or arising out of their activities
      as
      directors, officers, and employees of the Company if they were not engaged
      in
      willful misfeasance or malfeasance in the performance of his or her duties;
      provided that in the event of a settlement the indemnification will apply only
      when the Board of Directors approves such settlement and reimbursement as being
      for the best interests of the Corporation. The Bylaws, therefore, limit the
      liability of directors to the maximum extent permitted by Nevada law (Section
      78.751).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 54pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
      officers and directors are accountable to us as fiduciaries, which means they
      are required to exercise good faith and fairness in all dealings affecting
      us.
      In the event that a stockholder believes the officers and/or directors have
      violated their fiduciary duties to us, the stockholder may, subject to
      applicable rules of civil procedure, be able to bring a class action or
      derivative suit to enforce the stockholder&#8217;s rights, including rights under
      certain federal and state securities laws and regulations to recover damages
      from and require an accounting by management. Stockholders who have suffered
      losses in connection with the purchase or sale of their interest in the Company
      in connection with such sale or purchase, including the misapplication by any
      such officer or director of the proceeds from the sale of these securities,
      may
      be able to recover such losses from us.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      7.&#160;&#160;Exemption from
      Registration Claimed.</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>An
      aggregate of 2,000,000 of the Shares
      were issued or are reserved for future issuance to directors, officers and
      employees upon exercise of stock options issued or reserved for future issuance
      pursuant to the Company&#8217;s Incentive Stock Option Plan and the remaining 20,000
      of the Shares were issued to employee Chad Winter pursuant to&#160;the terms of
      Mr. Winter&#8217;s employment agreement.&#160;&#160;The Company has issued or has
      reserved the right to issue the stock options pursuant to which the Shares
      were
      issued or are reserved for future issuance in reliance upon the exemption from
      the registrations requirements of the Securities Act, contained in Section
      4(2)
      thereof covering transactions not involving any public offering or not involving
      any &#8220;offer&#8221; or &#8220;sale.&#8221;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      8.&#160;&#160;Exhibits</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>All
      Exhibits are listed in the Exhibit
      Index at the end of this Part II.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item
      9.&#160;&#160;Undertakings.</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      undersigned registrant hereby undertakes:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(1)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">To
                file, during any period in which offers or sales are being made,
                a
                post-effective amendment to this registration statement
                to:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(i)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Include
                any prospectus required by Section 10(a)(3) of the Securities
                Act;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(ii)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Reflect
                in the prospectus any facts or events which, individually or together,
                represent a fundamental change in the information in the registration
                statement. Notwithstanding the foregoing, any increase or decrease
                in
                volume of securities offered (if the total dollar value of securities
                offered would not exceed that which was registered) and any deviation
                from
                the low or high end of the estimated maximum offering range may be
                reflected in the form of prospectus filed with the Commission pursuant
                to
                Rule 424(b) if, in the aggregate, the changes in volume and price
                represent no more than a 20 percent change in the maximum aggregate
                offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in
                the effective registration statement;
                and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(iii)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Include
                any additional or changed material information on the plan of
                distribution.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(2)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">For
                determining liability under the Securities Act, to treat each
                post-effective amendment as a new registration statement of the securities
                offered, and the offering of the securities at that time to be the
                initial
                bona fide offering.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(3)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">To
                file a post-effective amendment to remove from registration any of
                the
                securities that remain unsold at the end of the
                offering.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(4)</font></div>
            </td>
            <td align="left" valign="top" width="88%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">For
                determining liability of the undersigned small business issuer under
                the
                Securities Act to any purchaser in the initial distribution of the
                securities, the undersigned small business issuer undertakes that
                in a
                primary offering of securities of the undersigned small business
                issuer
                pursuant to this registration statement, regardless of the underwriting
                method used to sell the securities to the purchaser, if the securities
                are
                offered or sold to such purchaser by means of any of the following
                communications, the undersigned small business issuer will be a seller
                to
                the purchaser and will be considered to offer or sell such securities
                to
                such purchaser:</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(i)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Any
                preliminary prospectus or prospectus of the undersigned small business
                issuer relating to the offering required to be filed pursuant to
                Rule 424
                (&#167; 230.424 of this chapter);</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(ii)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Any
                free writing prospectus relating to the offering prepared by or on
                behalf
                of the undersigned small business issuer or used or referred to by
                the
                undersigned small business issuer;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(iii)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">The
                portion of any other free writing prospectus relating to the offering
                containing material information about the undersigned small business
                issuer or its securities provided by or on behalf of the undersigned
                small
                business issuer; and</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(iv)</font></div>
            </td>
            <td align="left" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Any
                other communication that is an offer in the offering made by the
                undersigned small business issuer to the
                purchaser.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Insofar
      as indemnification for liabilities arising under the Securities Act of 1933
      (the
&#8220;Act&#8221;) may be permitted to directors, officers and controlling persons of the
      small business issuer pursuant to the foregoing provisions, or otherwise, the
      small business issuer has been advised that in the opinion of the Securities
      and
      Exchange Commission such indemnification is against public policy as expressed
      in the Act and is, therefore, unenforceable.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      the
      event that a claim for indemnification against such liabilities (other than
      the
      payment by the small business issuer of expenses incurred or paid by a director,
      officer or controlling person of the small business issuer in the successful
      defense of any action, suit or proceeding) is asserted by such director, officer
      or controlling person in connection with the securities being registered, the
      small business issuer will, unless in the opinion of our counsel the matter
      has
      been settled by controlling precedent, submit to a court of appropriate
      jurisdiction the question whether such indemnification by it is against public
      policy as expressed in the Securities Act and will be governed by the final
      adjudication of such issue.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
      the
      purpose of determining liability under the Securities Act to any purchaser,
      each
      prospectus filed pursuant to Rule 424(b) (&#167; 230.424(b) of this chapter) as part
      of a registration statement relating to an offering, other than registration
      statements relying on Rule 430B or other than prospectuses filed in reliance
      on
      Rule 430A (&#167; 230.430A of this chapter), shall be deemed to be part of and
      included in the registration statement as of the date it is first used after
      effectiveness. Provided, however, that no statement made in a registration
      statement or prospectus that is part of the registration statement or made
      in a
      document incorporated or deemed incorporated by reference into the registration
      statement or prospectus that is part of the registration statement will, as
      to a
      purchaser with a time of contract of sale prior to such first use, supersede
      or
      modify any statement that was made in the registration statement or prospectus
      that was part of the registration statement or made in any such document
      immediately prior to such date of first use.</font></div>
    <div><br></div><br>
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SIGNATURES</font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Pursuant
      to the requirements of the
      Securities Act of 1933, as amended, the Registrant certifies that is has
      reasonable grounds to believe that it meets all of the requirements for filing
      on Form S-8 and has duly caused this Registration Statement to be signed on
      its
      behalf by the undersigned, thereunto duly authorized, in the City of
      Minneapolis, State of Minnesota, on December 26, 2007.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 450pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Northern
      Oil and Gas,
      Inc.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 450pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 450pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:
<font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/&#160;&#160;Michael
      L.
      Reger</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 450pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:&#160;&#160;&#160;Michael
      L. Reger</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 450pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:&#160;&#160;&#160;Chief
      Executive Officer</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><a name="RANGE_A1_J54">POWER
      OF
      ATTORNEY</a></font></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">KNOW
      ALL
      PERSONS BY THESE PRESENTS, that each of the undersigned directors and officers
      of Northern Oil and Gas, Inc., a Nevada corporation (the &#8220;Company&#8221;), hereby
      constitutes and appoints, Michael L. Reger and Ryan R. Gilbertson, or either
      of
      them or their successors as officers of the Company acting singly, the true
      and
      lawful agents and attorneys of the undersigned, with full power of substitution
      and resubstitution, to do all things and to execute all instruments which any
      of
      them may deem necessary or advisable to enable the Company to comply with the
      Securities Act of 1933, as amended, and any rules, regulations and requirements
      of the Securities and Exchange Commission in respect thereof, in connection
      with
      the registration under said Act on Form S-8 of a total of 2,020,000 shares
      of
      common stock previously issued or to be issued under the Company's Incentive
      Stock Option Plan (the &#8220;Incentive Stock Plan Shares&#8221;) and the inclusion in said
      registration on Form S-8 of a &#8220;reoffer&#8221; prospectus pursuant to which reoffers
      and resales of Incentive Stock Plan Shares may be made.&#160;&#160;This
      authorization includes the authority to sign the name of each of the undersigned
      in the capacities indicated below to the said proposed Registration Statement
      to
      be filed in respect of said Incentive Stock Plan Shares, and to any amendments
      (including post-effective amendments) to said proposed Registration Statement
      after this date.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Act of 1933, this Registration Statement
      has been signed by the following persons in the capacities and on the dated
      indicated.</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="30%">
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%">
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            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%">
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            </td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
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                Michael L. Reger</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief
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            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
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                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Michael
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            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="bottom" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                Ryan R. Gilbertson</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
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                Officer, Director</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Ryan
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                Loren J. O&#8217;Toole</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Loren
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                Carter Stewart</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Carter
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            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                Jack King</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Jack
                King</font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                Robert Grabb</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Robert
                Grabb</font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">/s/
                Lisa Bromiley Meier</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td align="left" valign="top" width="38%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Director</font></div>
            </td>
            <td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">December
                26, 2007</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Lisa
                Bromiley Meier</font></div>
            </td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="38%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
            <td valign="top" width="20%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">EXHIBIT
      INDEX</font></font></div>
    <div><br></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;<a name="FIS_UNIDENTIFIED_TABLE_23" /></font></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Exhibit
                No.</font></font></div>
            </td>
            <td valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Description</font></font></div>
            </td>
            <td valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Reference</font></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.1</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Articles
                of Incorporation of Northern Oil and Gas, Inc.</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 3.1 to the Registration Statement on Form
                10-SB
                filed with the Securities and Exchange Commission on July 6, 2000
                (File
                No. 000-30955).</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.2</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Certificate
                of Amendment of the Articles of Incorporation of Northern Oil and
                Gas,
                Inc. dated March 27, 1984</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 3.3(i) to the Registration Statement on Form
                10-SB
                filed with the Securities and Exchange Commission on July 6, 2000
                (File
                No. 000-30955).</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.3</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Certificate
                of Amendment of the Articles of Incorporation of Northern Oil and
                Gas,
                Inc. dated October 5, 1999</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 3.3(ii) to the Registration Statement on
                Form
                10-SB filed with the Securities and Exchange Commission on July 6,
                2000
                (File No. 000-30955).</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.4</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Bylaws
                of Northern Oil and Gas, Inc., as amended</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 2.2 to the Registration Statement on Form
                SB-2
                filed with the Securities and Exchange Commission on June 11, 2007,
                as
                amended, File No. 333-143648</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">4.1</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Specimen
                Stock Certificate of Northern Oil and Gas, Inc.</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 2.2 to the Registration Statement on Form
                SB-2
                filed with the Securities and Exchange Commission on June 11, 2007,
                as
                amended, File No. 333-143648.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">5.1</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Opinion
                and consent of Adams, Monahan &amp; Sankovitz, LLP concerning the legality
                of the shares of common stock being registered hereunder</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
                herewith.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incentive
                Stock Option Plan of the Company adopted November 3, 2006</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 10.3 to the Current Report on Form 8-K filed
                with
                the Securities and Exchange Commission on March 22, 2007 (File No.
                000-30955).</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.2</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Form
                of Stock Option Agreement under the Company&#8217;s Incentive Stock Option
                Plan</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
                by reference to Exhibit 10.4 to the Current Report on Form 8-K filed
                with
                the Securities and Exchange Commission on March 22, 2007 (File No.
                000-30955).</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.1</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
                of Adams, Monahan &amp; Sankovitz, LLP</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
                herewith as part of Exhibit&#160;5.1</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">23.2</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Consent
                of Independent Registered Public Accounting Firm Mantyla McReynolds
                LLC</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
                herewith.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">24.1</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Powers
                of Attorney</font></div>
            </td>
            <td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Included
                on the signature page
                hereto.</font></div>
            </td>
          </tr>

      </table>
    </div><br><br></body>
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forms-8.htm
As
      filed with the Securities and
      Exchange Commission on December 26, 2007
Registration
      Statement No.
      333-____________
UNITED
      STATES
SECURITIES
      AND EXCHANGE
      COMMISSION
Washington,
      DC
      20549
FORM
      S-8
REGISTRATION
      STATEMENT UNDER THE
      SECURITIES ACT OF 1933
NORTHERN
      OIL AND GAS,
      INC.
(Exact
      name of registrant as
      specified in its charter)
Nevada
1311
87-0645378
(State
                or other jurisdiction
                of
incorporation
                or
                organization)
(Primary
                Standard
                Industrial
Classification
                Code
                Number)
(I.R.S.
                Employer Identification
                No.)
130
      Lake Street West, Suite
      300
Wayzata,
      Minnesota
      55391
(Address
      of Principal Executive
      Offices)
NORTHERN
      OIL AND GAS,
      INC.
INCENTIVE
      STOCK OPTION
      PLAN
(Full
      title of the
      plan)
MICHAEL
      REGER
CHIEF
      EXECUTIVE
      OFFICER
130
      LAKE STREET WEST, SUITE
      300
WAYZATA,
      MINNESOTA
      55391
(952)
      476-9800
(Name,
      Address and Telephone Number
      of Agent for Service)
Copy
      to:
JAMES
      R.
      SANKOVITZ
ADAMS,
      MONAHAN & SANKOVITZ,
      LLP
701
      XENIA AVENUE SOUTH, SUITE
      130
MINNEAPOLIS,
      MINNESOTA
      55416
(763)
      746-3490
CALCULATION
      OF REGISTRATION
      FEE
Title
                Of Each Class Of
                Securities To Be Registered
Amount
                To Be
                Registered
Proposed
                Maximum Offering Price
                Per
Share
(3)
Proposed
                Maximum Aggregate
                Offering
Price
Amount
                Of
                Registration
Fee
Common
                stock , par value $0.001 per share
2,000,000
                (1)
$
                6.81
$
                13,620,000
$
                418.13
Common
                stock, par value $0.001 per share
20,000
                (2)
$
                6.81
$      136,200
$     4.18
Total
                Registration
2,020,000
$
                13,756,200
$
                422.31
(1)
Represents
                shares of Registrant's common stock issued or reserved for future issuance
                upon exercise of stock options issued or reserved for future issuance
                under the Northern Oil and Gas, Inc. Incentive Stock Option
                Plan.  In accordance with Rule 416(a) under the Securities Act
                of 1933, as amended, the Registration shall be deemed to cover any
                additional securities that may from time to time be offered or issued
                pursuant to the Incentive Stock Option Plan to prevent dilution from
                stock
                splits, stock dividends, recapitalization or similar
                transactions.
(2)
Represents
                shares of Registrant's common stock issued to employee Chad Winter
                pursuant to the terms of Mr. Winter's employment
                agreement.
(3)
Estimated
                solely for purposes of calculating the registration fee under Rule
                457(h)
                under the Securities Act of 1933, as amended, based upon the average
                of
                the high and low sale prices of such common stock as reported on
                OTC
                Bulletin Board on December 21,
                2007.
EXPLANATORY
      NOTE
This
      Registration Statement is being filed to register shares of common stock, par
      value $0.001, of Northern Oil and Gas, Inc. (the "Company"), consisting of
      shares previously issued, or that will be issued, pursuant to the Northern
      Oil
      and Gas, Inc. Incentive Stock Option Plan (the "Plan") and certain shares issued
      to employee Chad Winter pursuant to the terms of a Mr. Winter's employment
      agreement ("Winter Shares").
This
      Registration Statement includes a "reoffer" prospectus, prepared in accordance
      with Part I of Form S-3 (pursuant to Instruction C of the General Instructions
      to Form S-8), which is included below immediately prior to Part I of this
      Registration Statement.  Pursuant to Instruction C of the General
      Instructions to Form S-8, the reoffer prospectus may be used for reoffers and
      resales of shares which may be deemed to be "control securities" under the
      Securities Act of 1933, as amended (the "Securities Act") and the rules and
      regulation promulgated thereunder that have been acquired by the selling
      stockholders identified in the reoffer prospectus.  The number of
      shares included in the reoffer prospectus represents the total number of shares
      that may be acquired by the selling stockholders upon the vesting of awards
      made
      under the Plan and does not necessarily represent a present intention to sell
      all such ordinary shares (the intentions of applicable selling stockholders
      are
      specified as necessary in the reoffer prospectus).  The second part of
      this Registration Statement contains information required in the Registration
      Statement pursuant to Part II of Form S-8.  Pursuant to the Note to
      Part I of Form S-8, the plan information specified by Part I of Form S-8 does
      not need to be filed with the Securities and Exchange Commission (the
"Commission").
REOFFER
      PROSPECTUS
Northern
      Oil and Gas,
      Inc.
2,000,000
      Shares of common
      stock
This
      Reoffer Prospectus (the "Prospectus") relates to an aggregate of up to 2,000,000
      shares (the "Shares") of common stock, par value $0.001 per share (the "common
      stock"), of Northern Oil and Gas, Inc., a Nevada corporation (the "Company"),
      which may be offered and sold from time to time by certain stockholders of
      the
      Company (the "Selling Stockholders") who have previously acquired, or that will
      acquire, such Shares pursuant to the Northern Oil and Gas, Inc. Incentive Stock
      Option Plan (the "Incentive Stock Plan").  The Company's common stock
      is listed on the OTC Bulletin Board under the symbol "NOGS".  On
      December 21, 2007, the last reported sales price of the Company's common stock
      on the OTC Bulletin Board was $6.95 per share.
The
      Shares of common stock of the Company, covered by this Prospectus, may be
      offered and sold to the public by certain stockholders of the
      Company.  All costs, expenses and fees in connection with the
      registration of the Shares will be borne by the Company.  Brokerage
      commissions and similar selling expenses, if any, attributable to the offer
      or
      sale of the Shares will be borne by the Selling Stockholders (or their donees
      and pledges).  The Shares of common stock to be sold are "control
      securities" under the Securities Act and the rules and regulations promulgated
      thereunder before their sale under the Prospectus.  This Prospectus
      has been prepared under the Securities Act to allow for future sales by the
      Selling Stockholders to the public without restriction.  The Selling
      Stockholders may sell ordinary shares through one or more agents, brokers or
      dealers or directly to purchasers.  Such brokers or dealers may
      receive compensation in the form of commissions, discounts or concessions from
      the Selling Stockholders and/or purchasers, or both (which compensation as
      to a
      particular broker or dealer may be in excess of customary
      commissions).  In connection with such sales, the Selling Stockholders
      and any participating broker or dealer may be deemed to be "underwriters" within
      the meaning of the Securities Act, and any commissions they receive and the
      proceeds of any sale of Shares of common stock may be deemed to be underwriting
      discounts and commissions under the Securities Act.  In addition, any
      profits realized by the Selling Stockholders may be deemed to be underwriting
      commissions.  The Company will not receive any proceeds from the sale
      of the Shares of common stock by the Selling Stockholders.
Investors
      should carefully consider the "Risk Factors" beginning on page 1.
THESE
      SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
      COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND
      EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY
      OR ADEQUACY OF THIS PROSPECTUS.  ANY REPRESENTATION TO THE CONTRARY IS
      A CRIMINAL OFFENSE.
The
      date
      of this Prospectus is December 26, 2007.
i
TABLE
      OF
      CONTENTS
Page
ABOUT
                THIS PROSPECTUS
1
RISK
                FACTORS
1
USE
                OF PROCEEDS
1
SELLING
                STOCKHOLDERS
1
PLAN
                OF DISTRIBUTION
2
LEGAL
                MATTERS
3
EXPERTS
3
INCORPORATION
                OF CERTAIN DOCUMENTS BY REFERENCE
3
WHERE
                YOU CAN FIND MORE INFORMATION
3
No
      person
      is authorized to give any information or represent anything not contained or
      incorporated by reference in this Prospectus or any prospectus
      supplement.  This Prospectus and any prospectus supplement do not
      constitute an offer to sell or a solicitation of any offer to by any securities
      in any jurisdiction to any person to whom it is unlawful to make such offer
      or
      solicitation in such jurisdiction.  The information contained in this
      Prospectus or any prospectus supplement, as well as information incorporated
      by
      reference, in current only as of the date of that information.  The
      Company's business, financial condition and results of operations may have
      changed since that date.
ii
ABOUT
      THIS PROSPECTUS
This
      Prospectus relates to 2,000,000 Shares of the Company's common stock reserved
      for future issuance to the Selling Stockholders under the Company's Incentive
      Stock Plan, which has been approved by the Company's Board of Directors and
      stockholders.  The Selling Stockholders described in this Prospectus
      may sell the Shares until the Company terminates this offering.  Most
      of the information about the Company that you need to know before you invest
      in
      the Shares is not included in this Prospectus, but rather is incorporated by
      reference into this Prospectus.  You should obtain and read the
      information described below under the headings "Incorporations of Certain
      Documents by Reference" and "Where You Can Find More Information" in order to
      have all the important information about the Company.   Northern
      Oil and Gas, Inc. is a growth-oriented independent energy company engaged in
      the
      acquisition, exploration, exploitation and development of oil and natural gas
      properties.
Our
      business strategy is to identify and exploit resources in and adjacent to
      existing or indicated producing areas that can be quickly developed and put
      in
      production at low cost.  We also intend to take advantage of our
      expertise in aggressive land acquisition to develop exploratory projects with
      extremely attractive growth potential in focus areas and to participate with
      other companies in those areas to explore for oil and natural gas using
      state-of-the-art 3D seismic technology. We believe our edge lies in our ability
      to acquire property in the most exciting new plays in a nimble and efficient
      fashion. We are focused on low overhead. For example, our officers, who are
      also
      major stakeholders, do not currently take salaries. We believe we are in a
      position to most efficiently exploit and identify high production oil and gas
      properties. We will actively continue to pursue the acquisition of properties
      that fit our profile.
RISK
      FACTORS
The
      information included and incorporated by reference in this Prospectus contains
      "forward-looking statements," within the meaning of the federal securities
      laws.  These statements describe the Company's plans and beliefs
      concerning future business conditions and the outlook for the Company based
      on
      currently available information.  The Company's actual results could
      differ materially from those described in the forward-looking statements due
      to
      a number of risks and uncertainties.  These risks and uncertainties
      include the risks discussed in "Factors That May Affect Our Results of
      Operations" and elsewhere in our Form 8-K12G3 filed with the Commission on March
      23, 2007 and in our more recent filings with the Commission which are
      incorporated by reference in this Prospectus.  See "Incorporation of
      Certain Documents by Reference" below.
USE
      OF PROCEEDS
The
      Company will not receive any proceeds from the sale of the Shares by the Selling
      Stockholders.
SELLING
      STOCKHOLDERS
This
      Prospectus relates to Shares that are being registered for reoffers and resales
      by the Selling Stockholders, who acquired or may acquire Shares pursuant to
      the
      Incentive Stock Plan.  The Selling Stockholders to whom this
      Prospectus relates may be deemed holders of "control securities", as such term
      is used in General Instruction C to Form S-8.  The Selling
      Stockholders may resell all, a portion or none of these Shares from time to
      time.  The information in the table below sets forth, for each Selling
      Stockholder, based upon the information available to us as of December 21,
      2007,
      the number of Shares owned, the number of Shares registered and available to
      be
      sold by this Prospectus and the number and percent of outstanding Shares that
      will be owned after the sale of registered Shares assuming the sale of all
      registered Shares.
Beneficial
      ownership is determined in accordance with the rules of the Commission, is
      based
      upon 28,003,126 shares of the Company's Common Stock outstanding as of December
      21, 2007, and generally includes voting or investment power with respect to
      securities.  The table below sets forth shares available to be sold,
      which represents the maximum number of shares that could be sold under this
      Prospectus by the Selling Stockholder.  The amounts listed under
"Number of Shares Available to be Sold" do not constitute commitments to sell
      any or all of the stated number of Shares.  The Selling Stockholders
      are not obliged to sell the Shares offered in this Prospectus and may choose
      not
      to sell any of the Shares or only a part of the Shares in his or her unilateral
      discretion.  Selling Stockholders Michael Reger and Ryan Gilbertson
      both have a present intention to sell 50,000 of their Shares.  We have
      not been informed whether any other Selling Stockholders intend to sell any
      Shares.  In addition to the total number of Shares available to be
      sold set forth in the table below, an aggregate 340,000 Shares will become
      available for resale by parties presently unknown or unidentified pursuant
      to
      the options reserved for future issuance under the Company's Incentive Stock
      Plan.
1
Selling
                Stockholder
                (1)
Number
                of Shares Beneficially Owned
Percentage
                Beneficially Owned (2)
Shares
                Available to be Sold
Percentage
                Beneficially Owned Following Completion of Offering
Michael
                Reger (Chief Executive Officer)
4,570,000
                (3)
16.03%
500,000
14.28%
Ryan
                Gilbertson (Chief Financial Officer)
2,357,500
                (4)
8.27%
500,000
6.52%
Douglas
                Polinsky (Former Director)
4,482,500
                (5)
15.95%
100,000
15.59%
Loren
                J. O'Toole (Director)
100,000
                (6)
*
100,000
*
Carter
                Stewart (Director)
375,000
                (7)
1.33%
100,000
*
Jack
                King (Director)
100,000
                (6)
*
100,000
*
Robert
                Grabb (Director)
100,000
                (6)
*
100,000
*
Lisa
                Bromiley-Meier (Director)
110,000
                (8)
*
100,000
*
*      Less
      than one percent (1%).
(1)
Each
                of the Selling Stockholders is a control person by virtue of one
                of the
                following: (1) Selling Stockholder is an affiliate by virtue of owning
                more than 10% of the Company's common stock; or, (2) Selling Stockholder
                is an officer and/or director of the Company; or, (3) Selling Stockholder
                is a non-employee director of the
                Company.
(2)
Figures
                are rounded to the nearest tenth of a
                percent.
(3)
Includes
                1,000 shares held by Michael Reger's wife and 500,000 shares issuable upon
                exercise of options to purchase common
                stock.
(4)
Includes
                1,450,000 shares held by Crystal Bay Capital Consulting LLC, an entity
                controlled by Mr. Gilbertson and 500,000 shares issuable upon exercise
                of
                options to purchase common stock.
(5)
Includes
                100,000 shares issuable upon exercise of options to purchase common
                stock,
                2,000,000 shares held directly and 2,382,500 shares held by entities
                owned
                and/or controlled by Mr. Polinsky which may be deemed to be
                beneficially owned by him.  This includes 905,000 shares held by
                Lantern Advisers, LLC, which is jointly controlled with Mr. Joseph
                Geraci,
                II and which are also included in his beneficial shareholdings listed
                above.
(6)
Consists
                of shares issuable upon exercise of options to purchase common
                stock.
(7)
Includes
                275,000 shares held by Gallatin Resources, LLC, an entity controlled
                by
                Mr. Stewart and 100,000 shares issuable upon exercise of options
                to
                purchase common stock.
(8)
Includes
                10,000 shares held directly and 100,000 shares issuable upon exercise
                of
                options to purchase common stock.
PLAN
      OF
      DISTRIBUTION
The
      purpose of this Prospectus is to permit the Selling Stockholders and any of
      their pledgees, donees, transferees, assignees and successors-in-interest
      permitted to use Form S-8 under General Instruction A for Form S-8, from time
      to
      time, if they desire, to offer for sale and sell the Shares offered by the
      Incentive Stock Plan at such times as the Selling Stockholders
      choose.
The
      decision to sell any Shares is within the discretion of the Selling Stockholders
      thereof, subject to the Company's policies affecting the timing and manner of
      sale of common stock by certain individuals.  There can be no
      assurance that any Shares will be sold by the Selling Stockholders.
The
      Selling Stockholders may sell the Shares only for their own
      accounts.  The Selling Stockholders may sell any or all of their
      Shares of common stock on any stock exchange, market or trading facility on
      which the shares are traded or in private transactions.  These sales
      may be at fixed or negotiated prices.
The
      Selling Stockholders and any
      broker-dealers that act in connection with the sale of Shares might be deemed
      to
      be "underwriters" within the meaning of Section 2(11) of the Securities Act, and
      any commissions received by such broker-dealers and any profit on the resale
      of
      the Shares sold by them while acting as principals might be deemed to be
      underwriting discounts or commissions under the Securities Act.  The
      Selling Stockholders may agree to indemnify any agent, dealer or broker-dealer
      that participates in transactions involving sales of the Shares against certain
      liabilities, including liabilities arising under the Securities
      Act.  None of the Selling Stockholders, at the date of this
      Prospectus, has any agreement, arrangement or understanding with any broker
      or
      dealer to sell any of the Shares.  All selling and other expenses
      incurred by individual Selling Stockholders will be borne by those Selling
      Stockholders.  Upon a sale of the Shares of common stock, the Selling
      Stockholder shall comply with the prospectus delivery requirements under the
      Securities Act by delivering a prospectus to each purchaser in the
      transaction.
Because
      the Selling Stockholders may be
      deemed to be "underwriters" within the meaning of Section 2(11) of the
      Securities Act, the Selling Stockholders will be subject to the prospectus
      delivery requirements of the Securities Act, which may include deemed delivery
      by brokers or dealers pursuant to Rule 153 under the Securities Act in
      connection with sales effected between brokers or dealers on or through the
      OTC
      Bulletin Board, an automated quotation system or an appropriate
      exchange.
The
      selling stockholders may also resell all or a portion of the Shares in open
      market transactions in reliance upon Rule 144 under the Securities Act, if
      available, rather than under this prospectus, provided they meet the criteria
      and conform to the requirements of such Rule.
2
LEGAL
      MATTERS
The
      validity of the Shares of the Company's common stock being offered hereby will
      be passed upon by Adams, Monahan & Sankovitz, LLP, Minneapolis,
      Minnesota.
EXPERTS
Mantyla
      McReynolds, LLC, an independent registered public accounting firm, has audited
      our financial statements for the year ended December 31, 2006 and 2005, as
      stated in their report incorporated herein by reference, and have been so
      included in reliance upon the report of such firm given upon their authority
      as
      experts in accounting and auditing.
INCORPORATION
      OF CERTAIN DOCUMENTS
      BY REFERENCE
The
      following documents have been filed
      with the Commission and are incorporated in this Prospectus by
      reference:
(a)
The
                Company's Annual Report on Form 10-KSB for the year ended December 31,
                2006.
(b)
The
                Company's Quarterly Report on Form 10-QSB for the quarters ended March 31,
                2007, June 30, 2007, and September 30,
                2007.
(c)
The
                Company's current reports on Form 8-K filed on March 8, 2007, March 23,
                2007, April 23, 2007, May 9, 2007, July 2, 2007, August 17, 2007,
                September 14, 2007, September 18, 2007 and December 6,
                2007.
(d)
All
                other reports filed pursuant to Section13(a) or 15(d) of the Securities
                Exchange Act of 1934 since December 31,
                2006.
All
      documents subsequently filed by the Company or the Incentive Stock Plan pursuant
      to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange Act of 1934,
      as amended, prior to the filing of a post-effective amendment to the
      registration statement of which this Prospectus is a part which indicates that
      all securities offered have been sold or which deregisters all securities then
      remaining unsold, shall be deemed to be incorporated by reference herein and
      to
      be a part hereof from the date of the filing of such documents (but this shall
      not include any document that is merely furnished to the
      Commission).
Any
      statement contained herein or in a document incorporated or deemed to be
      incorporated by reference herein shall be deemed to be modified or superseded
      for purposes of this Prospectus to the extent that a statement contained herein
      or in any other subsequently filed document which also is or is deemed to be
      incorporated by reference herein modifies or supersedes such earlier
      statement.  Any statement so modified or superseded shall not be
      deemed, except as so modified or superseded, to constitute a part of this
      Prospectus.
The
      information relating to the Company contained in this Prospectus should be
      read
      together with the information in the documents herein incorporated by
      reference.
The
      Company hereby undertakes to provide without charge to each person to whom
      a
      copy of this Prospectus has been delivered, upon the written or oral request
      of
      any such person, a copy of any and all of the documents referred to above which
      have been or may be incorporated in this Prospectus by reference, other than
      exhibits to such documents which are not specifically incorporated by reference
      into such documents.  Requests for such copies should be directed to:
      Chief Executive Officer and Chief Financial Officer, Northern Oil and Gas,
      Inc.,
      130 Lake Street West, Suite 130, Wayzata, Minnesota 55391 (Phone:
      952-476-9800).
WHERE
      YOU CAN FIND MORE
      INFORMATION
We
      are
      required to comply with the informational requirements of the Securities
      Exchange Act of 1934, as amended, and accordingly we file annual reports,
      quarterly reports, current reports, proxy statements and other information
      with
      the Commission.  You may read or obtain a copy of these reports at the
      Commission's public reference room at 100 F Street, N.E., Room 1580, Washington,
      D.C. 20549.  You may also obtain copies of such material by mail from
      the Public Reference Room of the Commission, 100 F Street, N.E., Washington,
      D.C. 20549, at prescribed rates.  Information regarding the operation
      of the Public Reference Room may be obtained by calling the Commission at
      1-800-SEC-0330.  Additionally, the Commission maintains a website that
      contains registration statements, reports, proxy information statements and
      other information regarding registrants that file electronically with the
      Commission.  The address of the website is
      http://www.sec.gov.
This
      Prospectus constitutes part of a Registration Statement on Form S-8 filed on
      the
      date hereof (herein, together with all amendments and exhibits, referred to
      as
      the "Registration Statement") by the Company with the Company under the
      Securities Act.  This Prospectus does not contain all of the
      information set forth in the Registration Statement, certain parts of which
      are
      omitted in accordance with the rules and regulations of the
      Commission.  For further information with respect to the Company and
      the common stock, reference is hereby made to the Registration
      Statement.  Statements contained herein concerning the provisions of
      any contract, agreement or other document are not necessarily complete, and
      in
      each instance reference is made to the copy of such contract, agreement or
      other
      document filed as an exhibit to the Registration Statement or otherwise filed
      with the Commission.  Each such statement is qualified in its entirety
      by such reference.  Copies of the Registration Statement together with
      exhibits may be inspected at the offices of the Commission as indicated above
      without charge and copies thereof may be obtained therefrom upon payment of
      a
      prescribed fee.
3
PART
      I
INFORMATION
      REQUIRED IN THE SECTION
      10(a) PROSPECTUS
The
      Company will send or give the
      documents containing the information specified in Part I of Form S-8 to
      employees as specified by the Commission Rule 428(b)(1) under the Securities
      Act.  The Company does not need to file these documents with the
      Commission either as part of this registration statement or as prospectuses
      or
      prospectus supplements under Rule 424 of the Act.
PART
      II
INFORMATION
      REQUIRED IN THE
      REGISTRATION STATEMENT
Item
      3.  Incorporation of
      Documents By Reference.
The
      following documents are hereby
      incorporated by reference in this Registration Statement:
(a)
The
                Company's Annual Report on Form 10-KSB for the year ended December 31,
                2006.
(b)
The
                Company's Quarterly Report on Form 10-QSB for the quarters ended March 31,
                2007, June 30, 2007, and September 30,
                2007.
(c)
The
                Company's current reports on Form 8-K filed on March 8, 2007, March 23,
                2007, April 23, 2007, May 9, 2007, July 2, 2007, August 17, 2007,
                September 14, 2007, September 18, 2007 and December 6,
                2007.
(d)
All
                other reports filed pursuant to Section 13(a) or 15(d) of the
                Securities Exchange Act of 1934 since December 31,
                2006.
All
      documents subsequently filed by the Registrant or the Incentive Stock Plan
      pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange
      Act
      of 1934, as amended, prior to the filing of a post-effective amendment to the
      registration statement of which this Prospectus is a part which indicates that
      all securities offered have been sold or which deregisters all securities then
      remaining unsold, shall be deemed to be incorporated by reference herein and
      to
      be a part hereof from the date of the filing of such documents (but this shall
      not include any document that is merely furnished to the
      Commission).
Item
      4.  Description of
      Securities.
The
      Registrant's common stock is
      registered under Section 12(g) of the Securities Exchange Act of 1934, as
      amended.
Item
      5.  Interests of Named
      Experts and Counsel.
The
      financial statements incorporated
      in this Registration Statement pursuant to Item 3 have been so incorporated
      in
      reliance of report of Mantyla McReynolds, LLC, an independent registered public
      accounting firm, given upon their authority as experts in accounting and
      auditing.  Mantyla McReynolds, LLC, the Registrant's independent
      registered public accounting firm, has no interest in the
      Registrant.
Adams,
      Monahan & Sankovtiz, LLP has passed upon the legality of the shares offered
      under this Registration Statement.  Attorneys and non-clerical
      personnel at Adams, Monahan & Sankovitz, LLP have no interest in the
      Registrant.
Item
      6.  Indemnification of
      Directors and Officers.
None
      of
      our directors will have personal liability to us or any of our stockholders
      for
      monetary damages for breach of fiduciary duty as a director involving any act
      or
      omission of any such director since provisions have been made in the Articles
      of
      Incorporation limiting such liability. The foregoing provisions shall not
      eliminate or limit the liability of a director (i) for any breach of the
      director's duty of loyalty to us or our stockholders, (ii) for acts or omissions
      not in good faith or, which involve intentional misconduct or a knowing
      violation of law, (iii) under applicable Sections of the Nevada Revised
      Statutes, (iv) the payment of dividends in violation of Section 78.300 of the
      Nevada Revised Statutes or, (v) for any transaction from which the director
      derived an improper personal benefit.
The
      Corporation Laws of the State of Nevada and the Company's Bylaws provide for
      indemnification of the directors, officers, and employees of the Company in
      most
      cases for any liability suffered by them or arising out of their activities
      as
      directors, officers, and employees of the Company if they were not engaged
      in
      willful misfeasance or malfeasance in the performance of his or her duties;
      provided that in the event of a settlement the indemnification will apply only
      when the Board of Directors approves such settlement and reimbursement as being
      for the best interests of the Corporation. The Bylaws, therefore, limit the
      liability of directors to the maximum extent permitted by Nevada law (Section
      78.751).
Our
      officers and directors are accountable to us as fiduciaries, which means they
      are required to exercise good faith and fairness in all dealings affecting
      us.
      In the event that a stockholder believes the officers and/or directors have
      violated their fiduciary duties to us, the stockholder may, subject to
      applicable rules of civil procedure, be able to bring a class action or
      derivative suit to enforce the stockholder's rights, including rights under
      certain federal and state securities laws and regulations to recover damages
      from and require an accounting by management. Stockholders who have suffered
      losses in connection with the purchase or sale of their interest in the Company
      in connection with such sale or purchase, including the misapplication by any
      such officer or director of the proceeds from the sale of these securities,
      may
      be able to recover such losses from us.
Item
      7.  Exemption from
      Registration Claimed.
An
      aggregate of 2,000,000 of the Shares
      were issued or are reserved for future issuance to directors, officers and
      employees upon exercise of stock options issued or reserved for future issuance
      pursuant to the Company's Incentive Stock Option Plan and the remaining 20,000
      of the Shares were issued to employee Chad Winter pursuant to the terms of
      Mr. Winter's employment agreement.  The Company has issued or has
      reserved the right to issue the stock options pursuant to which the Shares
      were
      issued or are reserved for future issuance in reliance upon the exemption from
      the registrations requirements of the Securities Act, contained in Section
      4(2)
      thereof covering transactions not involving any public offering or not involving
      any "offer" or "sale."
Item
      8.  Exhibits
All
      Exhibits are listed in the Exhibit
      Index at the end of this Part II.
Item
      9.  Undertakings.
The
      undersigned registrant hereby undertakes:
(1)
To
                file, during any period in which offers or sales are being made,
                a
                post-effective amendment to this registration statement
                to:
(i)
Include
                any prospectus required by Section 10(a)(3) of the Securities
                Act;
(ii)
Reflect
                in the prospectus any facts or events which, individually or together,
                represent a fundamental change in the information in the registration
                statement. Notwithstanding the foregoing, any increase or decrease
                in
                volume of securities offered (if the total dollar value of securities
                offered would not exceed that which was registered) and any deviation
                from
                the low or high end of the estimated maximum offering range may be
                reflected in the form of prospectus filed with the Commission pursuant
                to
                Rule 424(b) if, in the aggregate, the changes in volume and price
                represent no more than a 20 percent change in the maximum aggregate
                offering price set forth in the "Calculation of Registration Fee" table in
                the effective registration statement;
                and
(iii)
Include
                any additional or changed material information on the plan of
                distribution.
(2)
For
                determining liability under the Securities Act, to treat each
                post-effective amendment as a new registration statement of the securities
                offered, and the offering of the securities at that time to be the
                initial
                bona fide offering.
(3)
To
                file a post-effective amendment to remove from registration any of
                the
                securities that remain unsold at the end of the
                offering.
(4)
For
                determining liability of the undersigned small business issuer under
                the
                Securities Act to any purchaser in the initial distribution of the
                securities, the undersigned small business issuer undertakes that
                in a
                primary offering of securities of the undersigned small business
                issuer
                pursuant to this registration statement, regardless of the underwriting
                method used to sell the securities to the purchaser, if the securities
                are
                offered or sold to such purchaser by means of any of the following
                communications, the undersigned small business issuer will be a seller
                to
                the purchaser and will be considered to offer or sell such securities
                to
                such purchaser:
(i)
Any
                preliminary prospectus or prospectus of the undersigned small business
                issuer relating to the offering required to be filed pursuant to
                Rule 424
                (§ 230.424 of this chapter);
(ii)
Any
                free writing prospectus relating to the offering prepared by or on
                behalf
                of the undersigned small business issuer or used or referred to by
                the
                undersigned small business issuer;
(iii)
The
                portion of any other free writing prospectus relating to the offering
                containing material information about the undersigned small business
                issuer or its securities provided by or on behalf of the undersigned
                small
                business issuer; and
(iv)
Any
                other communication that is an offer in the offering made by the
                undersigned small business issuer to the
                purchaser.
Insofar
      as indemnification for liabilities arising under the Securities Act of 1933
      (the
"Act") may be permitted to directors, officers and controlling persons of the
      small business issuer pursuant to the foregoing provisions, or otherwise, the
      small business issuer has been advised that in the opinion of the Securities
      and
      Exchange Commission such indemnification is against public policy as expressed
      in the Act and is, therefore, unenforceable.
In
      the
      event that a claim for indemnification against such liabilities (other than
      the
      payment by the small business issuer of expenses incurred or paid by a director,
      officer or controlling person of the small business issuer in the successful
      defense of any action, suit or proceeding) is asserted by such director, officer
      or controlling person in connection with the securities being registered, the
      small business issuer will, unless in the opinion of our counsel the matter
      has
      been settled by controlling precedent, submit to a court of appropriate
      jurisdiction the question whether such indemnification by it is against public
      policy as expressed in the Securities Act and will be governed by the final
      adjudication of such issue.
For
      the
      purpose of determining liability under the Securities Act to any purchaser,
      each
      prospectus filed pursuant to Rule 424(b) (§ 230.424(b) of this chapter) as part
      of a registration statement relating to an offering, other than registration
      statements relying on Rule 430B or other than prospectuses filed in reliance
      on
      Rule 430A (§ 230.430A of this chapter), shall be deemed to be part of and
      included in the registration statement as of the date it is first used after
      effectiveness. Provided, however, that no statement made in a registration
      statement or prospectus that is part of the registration statement or made
      in a
      document incorporated or deemed incorporated by reference into the registration
      statement or prospectus that is part of the registration statement will, as
      to a
      purchaser with a time of contract of sale prior to such first use, supersede
      or
      modify any statement that was made in the registration statement or prospectus
      that was part of the registration statement or made in any such document
      immediately prior to such date of first use.
SIGNATURES
Pursuant
      to the requirements of the
      Securities Act of 1933, as amended, the Registrant certifies that is has
      reasonable grounds to believe that it meets all of the requirements for filing
      on Form S-8 and has duly caused this Registration Statement to be signed on
      its
      behalf by the undersigned, thereunto duly authorized, in the City of
      Minneapolis, State of Minnesota, on December 26, 2007.
Northern
      Oil and Gas,
      Inc.
By:
/s/  Michael
      L.
      Reger
Name:   Michael
      L. Reger
Title:   Chief
      Executive Officer
POWER
      OF
      ATTORNEY
KNOW
      ALL
      PERSONS BY THESE PRESENTS, that each of the undersigned directors and officers
      of Northern Oil and Gas, Inc., a Nevada corporation (the "Company"), hereby
      constitutes and appoints, Michael L. Reger and Ryan R. Gilbertson, or either
      of
      them or their successors as officers of the Company acting singly, the true
      and
      lawful agents and attorneys of the undersigned, with full power of substitution
      and resubstitution, to do all things and to execute all instruments which any
      of
      them may deem necessary or advisable to enable the Company to comply with the
      Securities Act of 1933, as amended, and any rules, regulations and requirements
      of the Securities and Exchange Commission in respect thereof, in connection
      with
      the registration under said Act on Form S-8 of a total of 2,020,000 shares
      of
      common stock previously issued or to be issued under the Company's Incentive
      Stock Option Plan (the "Incentive Stock Plan Shares") and the inclusion in said
      registration on Form S-8 of a "reoffer" prospectus pursuant to which reoffers
      and resales of Incentive Stock Plan Shares may be made.  This
      authorization includes the authority to sign the name of each of the undersigned
      in the capacities indicated below to the said proposed Registration Statement
      to
      be filed in respect of said Incentive Stock Plan Shares, and to any amendments
      (including post-effective amendments) to said proposed Registration Statement
      after this date.
Pursuant
      to the requirements of the Securities Act of 1933, this Registration Statement
      has been signed by the following persons in the capacities and on the dated
      indicated.
Signature
Title
Date
/s/
                Michael L. Reger
Chief
                Executive Officer, Director and Secretary
December
                26, 2007
Michael
                L. Reger
/s/
                Ryan R. Gilbertson
Chief
                Financial Officer, Principal Financial Officer, Principal Accounting
                Officer, Director
December
                26, 2007
Ryan
                R. Gilbertson
/s/
                Loren J. O'Toole
Director
December
                26, 2007
Loren
                J. O'Toole
/s/
                Carter Stewart
Director
December
                26, 2007
Carter
                Stewart
/s/
                Jack King
Director
December
                26, 2007
Jack
                King
/s/
                Robert Grabb
Director
December
                26, 2007
Robert
                Grabb
/s/
                Lisa Bromiley Meier
Director
December
                26, 2007
Lisa
                Bromiley Meier
EXHIBIT
      INDEX
Exhibit
                No.
Description
Reference
3.1
Articles
                of Incorporation of Northern Oil and Gas, Inc.
Incorporated
                by reference to Exhibit 3.1 to the Registration Statement on Form
                10-SB
                filed with the Securities and Exchange Commission on July 6, 2000
                (File
                No. 000-30955).
3.2
Certificate
                of Amendment of the Articles of Incorporation of Northern Oil and
                Gas,
                Inc. dated March 27, 1984
Incorporated
                by reference to Exhibit 3.3(i) to the Registration Statement on Form
                10-SB
                filed with the Securities and Exchange Commission on July 6, 2000
                (File
                No. 000-30955).
3.3
Certificate
                of Amendment of the Articles of Incorporation of Northern Oil and
                Gas,
                Inc. dated October 5, 1999
Incorporated
                by reference to Exhibit 3.3(ii) to the Registration Statement on
                Form
                10-SB filed with the Securities and Exchange Commission on July 6,
                2000
                (File No. 000-30955).
3.4
Bylaws
                of Northern Oil and Gas, Inc., as amended
Incorporated
                by reference to Exhibit 2.2 to the Registration Statement on Form
                SB-2
                filed with the Securities and Exchange Commission on June 11, 2007,
                as
                amended, File No. 333-143648
4.1
Specimen
                Stock Certificate of Northern Oil and Gas, Inc.
Incorporated
                by reference to Exhibit 2.2 to the Registration Statement on Form
                SB-2
                filed with the Securities and Exchange Commission on June 11, 2007,
                as
                amended, File No. 333-143648.
5.1
Opinion
                and consent of Adams, Monahan & Sankovitz, LLP concerning the legality
                of the shares of common stock being registered hereunder
Filed
                herewith.
10.1
Incentive
                Stock Option Plan of the Company adopted November 3, 2006
Incorporated
                by reference to Exhibit 10.3 to the Current Report on Form 8-K filed
                with
                the Securities and Exchange Commission on March 22, 2007 (File No.
                000-30955).
10.2
Form
                of Stock Option Agreement under the Company's Incentive Stock Option
                Plan
Incorporated
                by reference to Exhibit 10.4 to the Current Report on Form 8-K filed
                with
                the Securities and Exchange Commission on March 22, 2007 (File No.
                000-30955).
23.1
Consent
                of Adams, Monahan & Sankovitz, LLP
Filed
                herewith as part of Exhibit 5.1
23.2
Consent
                of Independent Registered Public Accounting Firm Mantyla McReynolds
                LLC
Filed
                herewith.
24.1
Powers
                of Attorney
Included
                on the signature page
                hereto.