Armada Oil, Inc. has successfully completed the drilling to contract depth of the Bear Creek #1 well Carbon County, Wyoming. The well was drilled to a total vertical depth (TVD) of 8,921 feet, which is approximately 150 feet beneath the base of the Casper/Tensleep Formation as required by the Company's farmout agreement with Anadarko E & P Onshore, LLC and Anadarko Land Corp. ('Anadarko').

An independent third-party log analysis of wireline logging data indicates that a total of 355 feet of potential crude oil pay was discovered in multiple reservoirs, including 150 feet of potential pay from three benches in the unconventional Niobrara Shale Formation and 205 feet of potential pay in multiple conventional reservoirs, including the Sundance, Muddy and Casper/Tensleep Formations. The Sundance, Muddy and Casper/Tensleep are known to be productive reservoirs in the local area.

Tags: Armada Oil