NDB Energy is capably led by James Cerna. Mr. Cerna’s experience includes serving as a successful company leader in the energy industry and publicly traded companies. Mr. Cerna has served as an executive and director with companies listed on the NYSE Amex, Nasdaq, and OTCBB markets. Mr. Cerna has received five certificates of achievement from the Institute of Chartered Financial Analysts. He is honored by Strathmore’s Who’s Who for leadership and achievement in the Finance Industry.
Recently, the company made a bolt-on acquisition of Armada Oil, Inc., an independent energy company engaged in the exploration of shale oil. Armada’s primary operations and assets extend the company’s range to the Laramie and Hanna Basins in Southern Wyoming. Most importantly, Armada holds interests in Carbon County, Wyoming, that includes a 25,000+ acre Niobrara and Casper formation project near existing infrastructure including oil and natural gas pipelines, oil refineries, and gas processing plants, as well as various productive oil and natural gas fields.
The Niobrara shale formation is considered an unconventional oil play. It is regarded by some as one of the coming major resource areas. In fact, it has been compared to the successful Bakken shale formation. Technological advances in horizontal drilling and hydraulic fracturing in the last decade have helped create this opportunity as it did with the Bakken field.
Commenting on the Armada acquisition, Mr. Cerna said, “This acquisition is an important corporate milestone for our Company. Our mission to develop and commercialize high-value domestic onshore properties fits well with Armada, which has control of over 25,000 net acres with seismic and previous well control indicating a potential Niobrara opportunity. Further, there are several additional pay zones within the property, which we plan to test, including a deeper conventional Tensleep formation. Engineering progress has been made and we intend to further this work with additional 3D seismic and drilling this year.”
For more information on the company, visit www.ndbenergyinc.com
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