DENVER, Oct. 26 /PRNewswire-FirstCall/ -- Kodiak Oil & Gas Corp. (NYSE Amex:
KOG) today announced that it is commencing an offering of up to 10,000,000
shares of its common stock in a public offering. KeyBanc Capital Markets Inc.
is acting as the sole book runner for the offering and as the co-manager with
Thomas Weisel Partners LLC. Proceeds of the offering will be used primarily
for drilling and completion activities on Kodiak's Williston Basin leases in
the Bakken and Three Forks reservoirs, and for other general corporate
activities. The Company intends to grant the underwriters a 30-day option to
purchase up to an additional 1,500,000 common shares to cover over-allotments,
if any.
The offering is being made pursuant to an effective shelf registration
statement that Kodiak filed with the Securities and Exchange Commission on
July 14, 2008. A prospectus supplement relating to the offering will be filed
with the Securities and Exchange Commission.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy common stock of Kodiak Oil & Gas Corp., 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 state or jurisdiction.
When available, copies of the preliminary prospectus supplement and
accompanying prospectus relating to these securities may be obtained by
contacting KeyBanc Capital Markets, Attn: Prospectus Delivery Department, 800
Superior Avenue, 17th Floor, Cleveland, Ohio 44114, phone: 216.563.2018.
About Kodiak Oil & Gas Corp.
Denver-based Kodiak Oil & Gas Corp. is an independent energy exploration and
development company focused on exploring, developing and producing oil and
natural gas in the Williston and Green River Basins in the U.S. Rocky
Mountains. For further information, please visit www.kodiakog.com. The
Company's common shares are listed for trading on the NYSE Amex exchange under
the symbol: "KOG."
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements other
than statements of historical facts included herein may constitute
forward-looking statements. Although Kodiak 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. The forward-looking
statements involve risks and uncertainties that affect our operations,
financial performance and other factors as discussed in Kodiak's filings with
the Securities and Exchange Commission, including its Annual Report on Form
10-K for the year ended December 31, 2008 and its Quarterly Reports on Form
10-Q.
SOURCE Kodiak Oil & Gas Corp.
Mr. Lynn A. Peterson, CEO and President of Kodiak Oil & Gas Corp.,
+1-303-592-8075, or Mr. David P. Charles of Sierra Partners LLC,
+1-303-757-2510, ext. 11, for Kodiak Oil & Gas Corp.
