Armada Oil, Inc. (AOIL) Reports on Production Enhancement Program for Gulf Coast Fields, Projects 20% Increase
Armada Oil, the Dallas-headquartered hydrocarbon E&P focused squarely on their cash flow positive oil and gas production footprint spanning assets in Oklahoma's Mississippian Lime (lots of unconventional potential here with the Woodford Shale right below), the Casper/Niobrara in Wyoming (mixed bag of conventional and unconventional), and their conventional Gulf Coast assets, reported start of a sweeping production enhancement program today on their Louisiana fields in Plaquemines and Lafourche Parishes. This program actually kicked off at the start of this month and is designed to substantially rework multiple active wellbores. Rigorous geological analysis and engineering evaluation of the Lake Hermitage Field…