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Armada Oil Adds Marceau to the Board of Directors

Source: www.gulfoilandgas.com 4/8/2013, Location: North America

Armada Oil, Inc. (“Armada Oil” or the “Company”), a growth-oriented oil and gas Exploration and Production (E&P) company, announced that Marceau Schlumberger has joined the Company’s Board of Directors.

Marceau Schlumberger is a Partner and Founder of Coral Reef Capital (“CRC”), a private equity firm focused on investments in the natural resources sector, including oil & gas exploration and production, metals & mining, energy and related infrastructure and services. Prior to founding CRC, he served as Principal of Columbus Nova from 2004 to 2008 where he was responsible for sourcing, structuring, negotiating and managing private equity investments and buyouts, leading several successful transactions such as the leveraged buyout of Cyalume Technology Holding, Inc., as well as land finance and development partnerships with Hovnanian Enterprises, Inc.

Prior to that, Mr. Schlumberger was an Associate at Triumph Capital, a private equity fund with $950 million of capital where he completed seven investments, assisted in the profitable sale of two portfolio companies and served as a Board Observer for several Triumph portfolio companies. He was also a founding member and analyst of Smith Barney’s Asia Investment Banking Group and an analyst at Zilkha & Co., a buy-side M&A advisory and merchant banking firm.

In addition to Armada Oil, Mr. Schlumberger currently serves on the Board of Directors of the following private companies: Shawnee Exploration, Microline Surgical Inc. (member of the Compensation Committee), Rawhide Mining, LLC (Chairman of the Audit Committee), and PF Leonville. He previously served on the Boards of the following private companies: Pacific Building Care, Cyalume Technologies, Inc. (now public), ISCON Video Imaging and Craig Michaels, Inc.

“Marceau’s financial background and experience further diversifies the Company’s team of seasoned industry experts, and his knowledge and experience with mergers and acquisitions, buyouts and capital formation for middle market companies will be extremely valuable as we strive to become an industry leader. We are pleased to have him on our Board,” said Randy M. Griffin, CEO and Chairman of Armada Oil. “With oil and gas opportunities in multiple regions, I believe Armada Oil is positioned to become a high growth company and I look forward to providing support and strategic opportunities that will help to build shareholder value and visibility in the public markets,” commented Marceau Schlumberger.

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