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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1283843	Voyager Oil & Gas Inc.	VOG	Crude Petroleum & Natural Gas (1311)	770639000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1490018	Russell James Reger	2718 Montana Avenue, Suite 220 Billings MT 59101	Chief Executive Officer & Secy	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-04-16	32,400	$2.41	888,617	No	4	S	Direct
Common Stock	Disposition	2012-04-17	17,180	$2.37	871,437	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,689,714	Indirect	By South Fork Exploration, LLC

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 28, 2011.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.35 to $2.55. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.35 to $2.41. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
The reporting person owns 100% of the issued membership units of South Fork Exploration, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.