<SEC-DOCUMENT>0000788965-16-000029.txt : 20160311
<SEC-HEADER>0000788965-16-000029.hdr.sgml : 20160311
<ACCEPTANCE-DATETIME>20160311172825
ACCESSION NUMBER:		0000788965-16-000029
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160311
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160311
DATE AS OF CHANGE:		20160311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR ENERGY CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		161501875

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLADOR PETROLEUM CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hnrg-20160311x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			hnrg_8k_03112016
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			<a name="_GoBack"></a><font style="display: inline;font-family:Arial;font-weight:bold;">UNITED STATES</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Washington, D.C. 20549</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">________________</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">FORM 8-K</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">CURRENT REPORT</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Pursuant to Section 13 or 15(d) of the</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Securities Exchange Act of 1934</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">Date of report (Date of earliest event reported):</font><font style="display: inline;font-family:Arial;font-weight:bold;"> March 11, 2016 (March 11, 2016</font><font style="display: inline;font-family:Arial;font-weight:bold;">)</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;"><img src="hnrg-20160311x8kg001.jpg" style="width: 0.9666666in; height: 0.6444445in" alt="Picture 3"></font>
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			<font style="display: inline;font-family:Arial;"><img src="hnrg-20160311x8kg002.jpg" style="width: 0.7583333in; height: 0.7450295in" alt="Picture 8"></font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">HALLADOR ENERGY COMPANY</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">(Exact name of registrant as specified in its charter)</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">Colorado</font></p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">001-3473</font></p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">84-1014610</font></p>
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						<font style="display: inline;font-family:Arial;">(State or Other Jurisdiction</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">of Incorporation)</font></p>
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						<font style="display: inline;font-family:Arial;">(Commission</font></p>
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						<font style="display: inline;font-family:Arial;">File Number)</font></p>
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						<font style="display: inline;font-family:Arial;">(IRS Employer</font></p>
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						<font style="display: inline;font-family:Arial;">Identification No.)</font></p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">1660 Lincoln Street, Suite 2700, Denver Colorado</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;text-decoration:underline;">80264-2701</font></p>
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						<font style="display: inline;font-family:Arial;">(Address of principal executive offices)</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;">(Zip Code)</font></p>
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						<font style="display: inline;font-family:Arial;">Registrant&#x2019;s telephone number, including area code: 303-839-5504</font></p>
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						&nbsp;</p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">[ ]</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Arial;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
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		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;">1 &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;;font-size: 11pt"><font style="display: inline;font-family:Arial;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">Item 2.02 &#x2013; Results of Operations and Financial Condition.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-indent:29.7pt;vertical-align:top;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-size:11pt;">On March 11, 2016, we issued a press release </font><font style="display: inline;font-family:Arial;font-size:11pt;">highlighting our 2015 results.</font><font style="display: inline;font-family:Arial;font-size:11pt;"> &nbsp;The text of the press release is furnished as Exhibit&nbsp;99.1 to this report and is incorporated by reference herein.</font>
		</p>
		<p style="margin:0pt;line-height:normal;vertical-align:top;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">Item 9.01 &#x2013; Financial Statements and Exhibits</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-indent:27pt;font-family:Calibri;line-height:115%;font-size: 11pt">
			<font style="display: inline;font-family:Arial;">99.1</font><font style="display: inline;font-family:Arial;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 13.8pt 0pt 0pt;"></font><font style="display: inline;font-family:Arial;"></font><font style="display: inline;font-family:Arial;">See press release dated</font><font style="display: inline;font-family:Arial;">&nbsp;</font><font style="display: inline;font-family:Arial;">March 11, 2016, </font><font style="display: inline;font-family:Arial;text-decoration:underline;">Hallador Energy Reports 2015 Results</font><font style="display: inline;font-family:Arial;text-decoration:underline;">.</font>
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		<p style="margin:0pt 0pt 0pt 36pt;line-height:100%;text-indent: -36pt;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">SIGNATURE</font><font style="display: inline;font-family:Arial;">&nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font>
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						<font style="display: inline;font-family:Arial;font-weight:bold;">HALLADOR ENERGY COMPANY</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;">Date: </font><font style="display: inline;font-family:Arial;">March 11, 2016</font></p>
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						<font style="display: inline;font-family:Arial;">/s/</font><font style="display: inline;font-family:Arial;">&nbsp;</font><font style="display: inline;font-family:Arial;">W. ANDERSON BISHOP</font></p>
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						<font style="display: inline;font-family:Arial;">W. Anderson Bishop, CFO and CAO</font></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>hnrg-20160311xex99.htm
<DESCRIPTION>PRESS RELEASE DATED MARCH 11, 2016
<TEXT>
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			exh99_1
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			<a name="_GoBack"></a><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">EXHIBIT 99.1</font>
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		<p style="margin:0pt;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">NEWS RELEASE</font>
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		<p style="margin:0pt;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:299.5pt;"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">FOR IMMEDIATE RELEASE</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:right"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;"></font></font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt 0pt 8pt;text-align:center;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Hallador Energy Reports 2015 Results</font>
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		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Denver, CO</font><font style="display: inline;font-family:Arial;font-size:12pt;"> &#x2013; March 11, 2016 &#x2013; Hallador Energy Company (NASDAQ: HNRG) today reported financial and operating results for the year ended December 31, 2015.&nbsp; </font>
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			<font style="display: inline;font-family:Arial;font-size:12pt;">Highlights include:</font>
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			<font style="display: inline;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> &#xB7;</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">Revenue increased 41% year over year to a record $340.1 million, driven by record tons sold of 7.4 million due to the August 2014 acquisition of the Oaktown mines. </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> &#xB7;</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">Bank debt was reduced by $56.9 million, to a total of $250 million.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> &#xB7;</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">Net income was $20.1 million, $.68 per share.</font></p></td></tr></table></div>
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			<font style="display: inline;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">Adjusted EBITDA was $90.8 million.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> o</font>
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			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-style:italic;font-size:12pt;color:#000000;">Defined as EBITDA plus stock-based compensation.</font></p></td></tr></table></div>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">Cash from operating activities was $94.7 million.</font></p></td></tr></table></div>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-style:italic;font-size:12pt;color:#000000;">&nbsp;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">Adjusted free cash flow was $44 million.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:54pt;"><p style="width:54pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
				<font style="margin:0pt;font-family:Courier New;border-top:1pt none #D9D9D9;line-height:100%;font-size:12pt;;"> o</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt;margin:0pt;">
			<font style="display: inline;font-family:Arial;font-style:italic;font-size:12pt;color:#000000;">Defined as pre-tax income, plus DD&amp;A, plus stock-based compensation, less capex.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 8pt 36pt;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">&#x201C;Despite the many headwinds of 2015, Hallador generated record amounts of cash.&nbsp;&nbsp;This enabled us to focus on our main goal of reducing debt,&#x201D; said Brent Bilsland, our CEO.&nbsp;&nbsp;&#x201C;I am very proud of the fact that in the 16 months post purchasing the Oaktown mines, we have reduced our bank debt by $100 million. During the next few weeks we expect to execute an amendment to our credit agreement&#x2019;s covenants that will increase our liquidity, enabling us to weather the slowdown in the coal industry, as more fully explained in our 2015 Form 10-K which was filed concurrently with this release. &#x201C;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;border-top:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;color:#000000;">EBITDA, adjusted EBITDA and adjusted free cash flow are supplemental measures of financial performance that are not required by, or presented in accordance with GAAP. These measures have limitations as analytical tools and should not be considered in isolation from, or as a substitute for, analysis of our results as reported under GAAP.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;;font-size: 12pt"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Conference Call</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">As previously announced our earnings conference call for financial analysts and investors will be held on Monday, March 14, 2016 at 2:00pm EST.&nbsp;&nbsp;Dial-in numbers for the live conference call are as follows:</font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:59pt;"><font style="display: inline;font-family:Arial;font-size:12pt;">U.S. Toll Free:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-size:12pt;">888-317-6016</font></font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:40pt;"><font style="display: inline;font-family:Arial;font-size:12pt;">Canada Toll Free:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-size:12pt;">855-669-9657</font></font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:41pt;"><font style="display: inline;font-family:Arial;font-size:12pt;">Conference Title:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-size:12pt;">Hallador Energy Company HNRG Call</font></font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt 36pt;border-top:1pt none #D9D9D9 ;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:55pt;"><font style="display: inline;font-family:Arial;font-size:12pt;">Webcast URL: </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-size:12pt;"></font><font style="display: inline;font-family:Arial;font-size:12pt;">www.halladorenergy.com</font><font style="display: inline;font-family:Arial;font-size:12pt;"> under Webcasts</font></font><font style="display: inline;font-family:Arial;font-size:12pt;;font-size: 12pt;font-family:Palatino Linotype;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Arial;font-size:12pt;"></font><font style="display: inline;font-family:Arial;font-size:12pt;"></font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;color:#222222;font-size:12pt;">Following the live webcast, a replay will be available at the same URL on our website for seven days. A telephonic replay will also be available approximately two hours after the call and accessed by dialing (877) 344-7529 (domestic) or (855) 669-9658 (Canada) and entering pass code 10082203. The telephonic replay will be available for seven days; a transcript will be available on our website at </font><font style="display: inline;font-family:Arial;font-size:12pt;">www.halladorenergy.com</font><font style="display: inline;font-family:Arial;color:#222222;font-size:12pt;">, under Presentations.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;line-height:106.67%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-size:12pt;">Hallador is headquartered in Denver, Colorado and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basin for the electric power generation industry. To learn more about Hallador or Sunrise, visit our websites at </font><font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;text-decoration:none;">www.halladorenergy.com</font><font style="display: inline;font-family:Arial;font-size:12pt;"> or </font><font style="display: inline;font-family:Arial;color:#000000;font-size:12pt;text-decoration:none;">www.sunrisecoal.com</font><font style="display: inline;font-family:Arial;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Contact:&nbsp;&nbsp;Becky Palumbo</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">303.839.5504 Ext. 316</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Palatino Linotype;font-size: 12pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">rpalumbo@halladorenergy.com</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 8pt;text-align:center;line-height:106.67%;font-family:Palatino Linotype;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">#&nbsp;&nbsp;#&nbsp;&nbsp;#&nbsp;&nbsp;#&nbsp;&nbsp;#</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Palatino Linotype;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Palatino Linotype;font-size: 11pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
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