NEW YORK--(BUSINESS WIRE)--May 12, 2006--(Investrend Research Syndicate) Kodiak Energy, Inc. (OTCBB: KDKN - News), an early stage emerging resource player with an exploration kicker, offers tremendous opportunities for growth with its extensive resources and its connections to the Alberta, Montana, Utah, and California oil patches, according to Investrend Research affiliate SISM Research analyst Ernest C. Schlotter.

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The company's leaseholds in Montana offer at least 210 drilling targets and two leases in Alberta have the potential for more than 150 drilling locations, giving Kodiak between 362 - 572 low-cost drilling opportunities that will drive production and reserve growth for the next few years.

Ernest C. Schlotter, senior securities analyst covering energy stocks with SISM, and a four star analyst for EPS accuracy, according to StarMine, said: "Once fully developed, KDKN could unlock more than 528 Bcfe in potential reserves and book $1.2 billion in reserves. Recently, the Company signed a LOI to acquire 22% of a heavy oil project in the Uinta Basin in Utah with drill proven heavy oil sands reserves of 100 million barrels and probable heavy oil sands reserves of 700 million. We estimate the Company to book 152 Bcf of proven reserves in 2006/7. Based on its strong business affiliates, excellent drilling prospects, strong commodity prices, and experienced management, we recommend Kodiak as a long term Speculative Buy/4."

Kodiak Energy will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage.

The full report is available at http://www.investrendresearch.com and http://www.sism.com.

SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX.

This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, to Reuters Multex, Integrity Research Associates and Investrend.

Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers." Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes . Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

The company's research will be enrolled for investor monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com).

Anyone interested in receiving alerts regarding Kodiak Energy Inc. research should email contact@investrend.com with "KDKN" in the subject line.

Kodiak Energy, Inc. 
Mark Hlady, 403-262-8044 
m.hlady@kodiakpetroleum.com
or
Investrend Research Div.
Investrend Communications, Inc. 
R. Hempel, 718-896-5060
contact@investrend.com 
www.investrendresearch.com