CALGARY, ALBERTA--(MARKET WIRE)--Sep 18, 2006 -- Kodiak Energy, Inc. (OTC BB:KDKN.OB - News), and its subsidiary Kodiak Petroleum ULC are please to announce the first well on its Granlea property in Southern Alberta has been put into production at an average rate of 375 mscf/d. This closely matches the Company's projected rates.

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Kodiak fully anticipates the drilling of further wells and anticipates a major multi-well program on the Manyberries asset, also in Southern Alberta, where the company drilled two successful wells earlier in the year.

"We are extremely pleased with our Southern Alberta assets. We are also looking forward to adding additional wells onto production giving the company good net backs on production and cash flow going into major programs on our high impact projects in Montana and the Mackenzie River Valley N.W.T " , stated Mark Hlady, CEO.

In a press release on September 8, 2006, Kodiak provided the wrong name for our farmin partner. The correct name is Thunder River Energy, Inc.

Kodiak Energy, Inc is a Calgary based oil and gas company focused on creating a portfolio of North American assets that offer not only immediate production and cash flow but growth through exploration. The Company has lease holdings in Montana and South Easterrn Alberta and a farmin agreement for the North West Territories.

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.

     Contacts:
     Kodiak Energy, Inc.
     Mark Hlady
     CEO
     (403) 262-8044
     http://www.kodiakpetroleum.com