Emerald Oil completes North Dakota acreage acquisition

Source: Emerald Oil, Inc.

Voyager Oil & Gas, Inc. (doing business under the assumed business name of Emerald Oil, Inc.) ("Emerald" or the "Company") (NYSE: EOX) announces the closing of the previously announced acquisition of operated acreage in McKenzie County, North Dakota. Emerald acquired 4,453 net acres in McKenzie County, North Dakota for $3,200 per acre. The purchase included operating permits for 4 wells and a recently constructed well pad and tank battery at an additional cost of $1.18 million, for a total cash purchase price of $15.4 million.

About Emerald

Emerald is a Denver-based independent exploration and production company focused primarily on the development of their approximately 48,100 net acres in the Williston Basin in North Dakota and Montana, prospective for oil in the Bakken and Three Forks formations. The Company has also accumulated 45,000 net acres in the Sandwash Basin in northwest Colorado and southwest Wyoming, prospective for oil in the Niobrara formation, and 33,500 net acres in central Montana, prospective for oil in the Heath formation.


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