Energy Prospectus

Kodiak is growth story that should be getting even better.

Production:
2011A = 3,908 boepd
2012A = 14,909 boepd (88% oil)
2013
Q1A = 21,700 boepd
Q2E = 25,333 boepd
Q3E = 33,000 boepd < half the jump from a recent acquisition
Q4E= 43,667 boepd (85% oil) < padd drilling with multiple wells completed at once will result in large step increases
Exit rate at 12-31-2013 s/b over 45,000 boepd.

If they hit their own production targets and oil prices stay elevated, my Fair Value Estimate will be going a lot higher.

You can find my detailed forecast model for KOG under the Sweet 16 Tab.

HI Dan Is there anything worth mentioning about last years talk of management wanting to sell KOG. Everyone would like to sell at the proper price. I left a message with KOG PR to call me. I of course have only the leverage of 15000 shares. You on the other hand lead a group of 500 and are an expert analyzer. best regards bob jacobson

Kodiak Oil & Gas Corp. Completes Williston Basin Acquisition; Announces Expanded Credit Facility
DENVER, July 12, 2013 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announces the closing of the previously announced acquisition of core Bakken and Three Forks producing properties and undeveloped leasehold in the Williston Basin from Liberty Resources ("Liberty"), a Denver-based private oil and gas company.

Included in the acquisition are approximately 42,000 net leasehold acres and net production of approximately 5,600 barrels of oil equivalent per day (average net production for June 2013) located in McKenzie and Williams Counties, N.D. The acquired leasehold includes 35 controlled drilling spacing units, based upon 1,280-acre units, and is 90% held by production. The southern Williams County lands, approximating 14,000 net acres, are adjacent to Kodiak's core Polar area. An additional 25,000 net acres are located in McKenzie County to the west of the Company's Koala and Smokey areas. Kodiak has also assumed Liberty's contract for one drilling rig, which has 13 months remaining on its term.

The announced purchase price for the asset package was $660 million. Post-closing adjustments were $52 million, including $31 million in working capital items and $21 million of cash flow adjustments to reflect the acquisition's March 1, 2013 effective date. The Company paid an additional $20 million for acquisition costs associated with increased working interests acquired by Liberty subsequent to the effective date.

Including today's acquisition, Kodiak's leasehold position in the Williston Basin is now approximately 196,000 net acres.

Expanded Credit Facility
The Company funded the acquisition through borrowings under its revolving credit facility. In connection with the acquisition and reflecting year-to-date completion activities, Kodiak and its lending group, led by Wells Fargo Bank, N.A., entered into an amendment to the Company's amended and restated credit agreement to increase the Company's borrowing base and aggregate commitments under its existing senior secured revolving line of credit facility to $1.1 billion. This compares to the prior-level borrowing base of $650 million. Upon closing of the acquisition, the Company's borrowings under the credit facility were $976 million. The Company continues to evaluate all available financing alternatives to support its capital requirements.

KOG has been "For Sale" for years. Everyone in Houston knows that. Most E&P companies are built to sell at some point. All management teams dream of the big payday. I think KOG is on a lot of large-cap radar screens, so a sale would not surprise me.

I think BCEI, GPOR, OAS, ROSE and WLL are all prime takeover targets. Heck, the only Sweet 16 that I can't see as a takeover candidate is HP. Every company is for sale at the right price.