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Voyager Completes Acquisition of Emerald Oil

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Voyager Oil & Gas, Inc. (NYSE MKT: VOG), an oil and gas exploration and production company with assets primarily in the Williston Basin of North Dakota and Montana with production from Bakken and Three Forks formations, announces the closing of the previously announced acquisition of Emerald Oil, Inc. ("Emerald Oil") and an increase in its credit facility with Macquarie Bank Ltd. ("Macquarie Bank").

Completes Acquisition of Emerald Oil

Voyager completed the acquisition of Emerald Oil, a wholly owned subsidiary of Emerald Oil & Gas NL (ASX: EMR) ("Emerald Australia"), on July 26, 2012. Voyager issued 19.9% of Voyager common stock (11.6 million unregistered shares) to Emerald Australia. Additionally, as part of this transaction, Emerald Oil will retain $20.2 million in obligations…

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