EXHIBIT 21

SUBSIDIARIES OF REGISTRANT

The registrant has the following subsidiaries:

Ÿ	Armada Oil and Gas, Inc., a Nevada corporation (subsidiary of Armada Oil, Inc.)
Ÿ	Armada Operating, LLC, a Texas limited liability company (subsidiary of Armada Oil, Inc.)
Ÿ	Mesa Energy, Inc., a Nevada corporation (subsidiary of Armada Oil, Inc.)
Ÿ	TNR Holdings, a Delaware limited liability company (majority owned subsidiary of Mesa Energy, Inc.)
Ÿ	Tchefuncte Natural Resources, LLC, a Louisiana limited liability company (subsidiary of TNR Holdings, LLC)
Ÿ	Mesa Gulf Coast, LLC, a Texas limited liability company (subsidiary of TNR Holdings, LLC.)
Ÿ	Mesa Midcontinent, LLC, a Texas limited liability company (subsidiary of Mesa Energy, Inc.)
Ÿ	Armada Midcontinent, LLC, an Oklahoma limited liability company (formerly known as MMC Resources LLC and a subsidiary of Mesa Energy, Inc.)