Armada Oil Inc. (OTCBB: AOIL) announced an important 1,000+ net acre addition to its existing 25,000 acres under control. Strategically situated near existing infrastructure in Carbon County, Wyo., 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.
The news of expanded acreage follows on the heels of Armada Oil's recently announced plans to accelerate oil exploration in the Niobrara with a 3-D seismic survey of approximately 41,05o sq miles (26,272 acres) in and around Southern Wyoming's Laramie and Hanna basins. Armada Oil entered into a geophysical data acquisition agreement with Geokinetics USA Inc. to undertake the work.