EMERALD RESOURCES NL — Capital/Financing Update 2012

Sep 26, 2012

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Ground Floor, 20 Kings Park Rd West Perth WA 6005 Ph: +618 9389 2111 Fax: +618 9389 2999 Email: info@emeraldoilandgas.com www.emeraldoilandgas.com

27 September, 2012

Company Announcements Platform Australian Securities Exchange

Emerald Oil Inc. – Equity Raising

Emerald Oil & Gas NL (ASX: EMR, EMRO) advises that on 25 September, 2012, Emerald Oil Inc. (NYSE MKT:EOX), a publicly listed company in the USA in which the Company holds approximately 11.6 million shares, priced an equity raising of $US75 million at a price of US$0.80 per share. The Emerald Oil Inc. press release is attached.

The EMR Board is examining the alternatives to optimise value for Emerald shareholders from the EOX share holding. The alternatives include (subject, where required, to shareholder and regulatory approvals):

1. holding the EOX shares for their value growth potential;

2. at some stage, trading all or a portion of the EOX holding either for cash or in exchange for assets; or

3. distribute EOX shares in specie to EMR shareholders.

Emerald directors are now also actively considering new opportunities in the US, Australia and elsewhere to supplement its portfolio of assets and with a view to adding value for Emerald shareholders.

For more information please contact:

Emerald Oil & Gas NL

Tel: +618 9389 2111

MIKE KRZUS

Director

mkrzus@emeraldoilandgas.com

About Emerald Oil & Gas NL

Emerald Oil & Gas NL (ASX: EMR) was listed on the ASX in June 2006. Emerald Oil & Gas NL is a petroleum exploration and production company based in Perth, Australia.

The Company's major asset consists of approximately 11.6 million common shares in Emerald Oil Inc (NYSE MKT:EOX), an active Williston Basin operating company listed on the New York Stock Exchange. In addition, Emerald holds exploration and production interests in Kentucky, USA and Canning Basin, Western Australia.

Statements regarding Emerald’s plans with respect to its petroleum properties are forward-looking statements. There can be no assurance that Emerald’s plans for development of its petroleum properties will proceed as currently expected. There can be no assurance that Emerald will be able to confirm the presence of additional petroleum deposits, that any discovery will prove to be economic or that an oil or gas field will successfully be developed on any of Emerald’s petroleum properties.

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EX-99.1 4 v324359_ex99-1.htm EXHIBIT 99.1

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Emerald Oil, Inc. Announces Pricing of Public Offering of Common Stock

Denver, Colorado – September 25, 2012 – Voyager Oil & Gas, Inc. (doing business under the assumed business name of Emerald Oil, Inc.) (“Emerald” or the “Company”) (NYSE MKT: EOX) announced today that it has priced a public offering of 93,750,000 shares of its common stock to the public at $0.80 per share. The gross proceeds to Emerald from the offering are expected to be $75.0 million, and the net proceeds are expected to be approximately $69.1 million, after deducting underwriting discounts and commissions and other estimated offering expenses. Emerald expects to close the sale of the shares of common stock on September 28, 2012, subject to customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from Emerald at the offering price, less underwriters’ discounts and commissions, solely to cover over-allotments.

Emerald expects to use the net proceeds from this offering, along with cash on hand, to repay a portion of its outstanding indebtedness, fund its drilling and development expenditures and leasehold acquisitions, including its recently announced proposed leasehold acquisition, and for general corporate purposes, including working capital.

Johnson Rice & Company L.L.C., Canaccord Genuity Inc. and Macquarie Capital (USA) Inc. are acting as the joint bookrunning managers and Global Hunter Securities, LLC and KLR Group are acting as co-managers for the offering.

The shares will be issued pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before investing, prospective investors should read the prospectus supplement, when available, and the related prospectus and other documents that the Company files with the SEC for more complete information about the Company and the offering. Investors may obtain these documents without charge by visiting EDGAR on the SEC website at http://www.sec.gov. Alternatively, copies of the prospectus supplement and the prospectus relating to the offering may be obtained from Johnson Rice & Company L.L.C., 639 Loyola Ave, Suite 2775, New Orleans, LA 70113, (504) 525-3767, from Canaccord Genuity Inc., Attention: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110, (617) 3713900 or from Macquarie Capital (USA) Inc., Attention: Prospectus Department, 125 West 55th Street, New York, NY 10019, (888) 268-3937.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Emerald

9/26/2012

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Emerald is a Denver-based independent exploration and production company focused primarily on the development of their approximately 48,100 net acres in the Williston Basin in North Dakota and Montana, prospective for oil in the Bakken and Three Forks formations. Emerald has also accumulated 45,000 net acres in the Sandwash Basin in northwest Colorado and southwest Wyoming, prospective for oil in the Niobrara formation, and 33,500 net acres in central Montana, prospective for oil in the Heath formation.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the securities laws. All statements other than statements of historical facts included herein may constitute forward-looking statements. Although Emerald believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements involve risks and uncertainties including, among others, risks impacting the ability of Emerald to complete any public offering of its securities because of general market conditions or other factors. Emerald undertakes no obligation to publicly update or revise any forward-looking statement.

Contact

Emerald Oil, Inc. McAndrew Rudisill, President or Marty Beskow, Vice President of Finance / Capital Markets (303) 323-0008 info@emeraldoil.com www.emeraldoil.com

9/26/2012