CALGARY, ALBERTA--(MARKET WIRE)--Apr 25, 2006 -- Kodiak Energy, Inc. (OTC BB:
KDKN.OB -
News), is pleased announce the
successful drilling of two wells in Manyberries, Southern
Alberta. The Company will announce further results as they
become available. As well, Kodiak is pleased to welcome
Mr. Marvin Jones to the Board of Directors.
Two wells were drilled and cased to the 2d whitespec. Initial
logs review, show good gas potential in multiple zones.
The wells will be completed, stimulated and tested in Q2
to further evaluate the potential reservoir. This will be
done in conjunction with an evaluation program on the existing
well on the property. After reviewing the results, the company
is evaluating a seismic program to maximize results from
succeeding drill programs planned for Q4, 2006.
Mr. Marvin Jones has more than 45 years of domestic and
International oil and gas experience, with the last 30 years
being at the management level in drilling and in the contracting
industry. Mr. Jones is a past President of Trinidad Drilling,
a past Vice President of Challenger International Services,
and a past Vice President of Thomson Industries. He received
the CAODC Honorary Life Membership Award and is a past President
of CAODC and many other charitable, sports and public organizations.
Mr. Jones is also a professional engineer.
Kodiak Energy, Inc. is a Calgary based Oil and Gas company
is focused on creating a portfolio of domestic low risk
high impact assets that offer immediate production and cash
flow. Kodiak Energy is targeting high impact opportunities
internationally, discussions are currently ongoing and further
details will follow as they become due.
This press release contains forward-looking statements.
The words or phrases "would be," "will allow," "intends
to," "will likely result," "are expected to," "will continue,"
"is anticipated," "estimate," "project," or similar expressions
are intended to identify "forward-looking statements." Actual
results could differ materially from those projected in
the Company's proposed oil and gas related business. The
Company's business is subject to various risks, which are
discussed in the Company's filings with the Securities and
Exchange Commission ("SEC"). The Company's filings may be
accessed at the SEC's Edgar system at www.sec.gov.
Statements made herein are as of the date of this press
release and should not be relied upon as of any subsequent
date. The Company cautions readers not to place reliance
on such statements. Unless otherwise required by applicable
law, we do not undertake, and we specifically disclaim any
obligation, to update any forward-looking statements to
reflect occurrences, developments, unanticipated events
or circumstances after the date of such a statement.
