Armada Oil Inc (AOIL) 0.0064 $AOIL Armada Oil E
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Armada Oil Extends Credit Facility
BusinessWire - Mon Mar 09, 8:00AM CDT
Armada Oil, Inc. ("Armada" or, the "Company" (OTCBB:AOIL), an oil and gas exploration and production company, today announced that it has renegotiated its existing credit facility with Prosperity Bank into a term loan with a maturity date of March 5, 2016. The Company will pay interest only for the first six months with modest principal reductions to begin in month seven.
Offshore Wind Would Produce Twice the Jobs and Energy as Offshore Drilling in Atlantic Ocean
BusinessWire - Wed Jan 14, 11:21AM CST
Oceana released a new report today that finds offshore wind would produce twice the number of jobs and twice the amount of energy as offshore drilling in the Atlantic Ocean. The report, titled Offshore Energy by the Numbers, An Economic Analysis of Offshore Drilling and Wind Energy in the Atlantic, challenges recent claims by the oil and gas industry that opening the East Coast to offshore drilling will lead the United States to energy independence, generate millions of dollars in revenue for states and create thousands of jobs in the process. Oceana's analysis instead finds that the benefits projected by the industry appear to be exaggerated due to the inclusion of oil and gas resources that are not economically recoverable, thereby inflating the potential benefits. Industry estimates also rely upon an assumption of a state revenue-sharing system that does not exist.
Armada Oil Provides Year-end Update
BusinessWire - Mon Dec 15, 9:20AM CST
Armada Oil, Inc. ("Armada" or, the "Company" (OTCBB:AOIL), an oil and gas exploration and production company, today provided an update on its activities.