Armada Oil, Inc. and its subsidiaries are based in Dallas, Texas. Armada is a growth-oriented, publicly traded Exploration and Production (E & P) company with a definitive focus on growing reserves and net asset value per share, primarily through the acquisition, development and enhancement of multiple onshore oil and natural gas producing properties as well as the development of highly diversified developmental drilling opportunities, both conventional and unconventional.
As a result of its asset reallocation strategy, Armada has sold its properties in Plaquemines and Lafourche Parishes in Louisiana and has acquired the first of what it expects to be several additional midcontinent properties. The company currently owns producing/developmental properties in Woodson County, Kansas and Wyoming County, New York. In addition the company controls a strategic acreage position in the Hanna Basin in southern Wyoming in the liquids-rich Niobrara Play. An initial test well has been drilled in this acreage position and the company is making preparations to complete that well and to drill developmental wells in 2015.
Armada’s management team is comprised of experienced industry professionals with a solid track record of success. With extensive upper-management and technical expertise, Armada’s officers, directors and consultants have a deep understanding and appreciation of each business activity in which the company is engaged and they are all working hard to take the company to the next level.
The acquisition of existing production with high potential for enhancement is an important part of the business model. On the drilling side, Armada strives to drill multi-well, repeatable projects in low-risk basins with high potential for the creation of significant recoverable reserves. Such areas provide a dynamic for the creation of substantial shareholder value. All available technologies are utilized to identify and drill optimal well locations in order to maintain high drilling success rates.
The company’s business philosophy is to maintain reasonable levels of administrative overhead and to achieve long term success through balance and diversification.