Armada Oil, Inc. declared an important 1,000+ net acre addition to its existing 25,000 acres under control. Strategically situated near existing infrastructure in Carbon County, Wyoming, the 26,000 acre project footprint marks Armada Oil's ongoing efforts to secure contiguous land and expand in a region where the emergence of new oil completion technologies has spurred heightened activity and growing interest. Armada Oil has a 100% working interest in the additional acreage.
"While the full potential of the liquids-rich Niobrara is still being discovered, numerous majors -- including Anadarko Petroleum, EGO Resources, Marathon Oil, and Noble Energy -- are now working to increase their acreage positions. I'm pleased that we have been among the first to arrive, secure a meaningful position, and undertake a quality technical program," explained Armada Oil President and CEO, James J. Cerna.
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