Armada Oil, Inc., based in Dallas, Texas, 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.
The company currently owns producing oil properties in Plaquemines and Lafourche Parishes in Louisiana, developmental properties in Garfield and Major Counties, OK and Wyoming County, NY and controls a strategic acreage position in and around the Laramie and Hanna Basins in southern Wyoming in the liquids-rich Niobrara Play.
Armada’s management team is comprised of experienced industry professionals whose track record of success has earned the respect of their professional peers. With extensive upper-management and technical expertise, Armada’s officers and directors 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 our 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. We utilize all appropriate technologies 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.