Exhibit 12.1

Emerald Oil, Inc.

Computation of Ratio of Earnings to Fixed Charges

and Ratio of Earnings to Fixed Charges Plus Preferred Stock Dividends  

			Year Ended December 31,
	From Inception on April 18, 2008 Through December 31, 2008		2009			2010			2011			2012			For Nine Months Ended September 30, 2013
Earnings
Net income (loss)	$	16,734	$	(2,277,192	)	$	(4,268,569	)	$	(1,345,054	)	$	(62,296,099	)	$	50,548
Income Taxes		6,454		-			65,240			-			-			-
Amortization of Capitalized Interest		-		-			1,577			1,520			8,882			22,174
Interest Expense		-		-			629,026			2,036,032			2,614,240			276,113
		23,188		(2,277,192	)		(3,572,726	)		692,498			(59,672,978	)		348,835
Fixed Charges
Rent expense/office lease		-		-			1,577			1,520			8,882			22,174
Interest incurred (expense or capitalized)		-		-			629,026			2,036,032			2,614,240			276,113
Ratio of earnings to fixed charges		n/a		n/a			-5.67			0.34			-22.75			1.17
Deficiency ($)						$	4,203,329		$	1,345,054		$	62,296,099		$	-
Preferred stock dividends		-		-			-			-			-			11,155,658
Ratio of earnings to fixed charges plus preferred stock dividends		n/a		n/a			n/a			n/a			n/a			0.03
Deficiency ($)															$	-