Northern Oil & Gas, Inc. Form 8-K Filing

Northern Oil and Gas, Inc. has entered into an asset purchase and sale agreement with Parallax Energy Operating Inc. for the acquisition of certain oil and gas properties and related assets. The total purchase price is approximately CA$237.0 million in cash, plus shares of the company's common stock equivalent to CA$113.0 million. An additional contingent consideration of CA$25.0 million may be payable if crude oil prices exceed a specified level between April 1, 2026, and December 31, 2027. The company has deposited CA$37.5 million as an acquisition deposit. The agreement includes customary representations, warranties, and covenants, and is subject to closing conditions. The company will also enter into a registration rights agreement to facilitate the resale of the stock consideration.