Armada Oil to acquire 3D seismic survey in Niobrara oil play

7/9/2012

Armada Oil to acquire 3D seismic survey in Niobrara oil play

HOUSTON -- Armada Oil has entered into a geophysical data acquisition agreement with Geokinetics to conduct a 3D seismic survey on the company's acreage position in the developing Niobrara oil play. The survey will cover approximately 41.05 sq mi, in and around the Laramie and Hanna basins in southern Wyoming.

"Armada's front-end investment in an advanced 3D seismic program is part of our aggressive growth strategy and will further illuminate the Niobrara play, allowing exploration for reserves not locatable by other means, and providing the necessary data to develop the new discoveries," said Armada Oil Chief Executive Officer James J. Cerna. "We plan to drill two wells by year-end in the Niobrara and are eager to be working in tandem with Geokinetics, to record and interpret state-of-the-art information that will enable us to identify high-potential drill targets."

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