Emerald Oil, Inc. (Emerald) is an independent oil and natural gas exploration and production company. The Company focuses on developing oil wells in the Williston Basin of North Dakota and Montana primarily targeting the Bakken and three forks shale oil formations. The Company’s primary geologic target is the Bakken Pool where its primary objective is the dolomitic, sandy interval between the two Bakken Shales at an approximate vertical depth of 10,600-11,300 feet and the Three Forks that is present immediately below the lower Bakken Shale. The Williston Basin also produces from many other formations including, but not limited to, the Mission Canyon, Nisku and Red River. The Company operates approximately 64,000 net acres, or 75% of its total net acreage.