NEW YORK--(BUSINESS WIRE)--Sept. 19, 2006--(Investrend Research Syndicate) Ernest C. Schlotter, a senior analyst with Investrend affiliate SISM Research and a four star analyst according to StarMine, has reiterated a "Speculative Buy" rating and 12-month target price of $4.00 for Kodiak Energy, Inc. (OTCBB: KDKN - News).

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According to the report:

"Kodiak Energy is an active acquirer of oil and natural gas properties in Alberta, the Northwest Territories in Canada as well as in Montana in the United States. The Company has begun to develop its leaseholds in Manyberries, Alberta, and has drilled, cased, and completed the first two wells and one re-completion. It is now in the process of testing the wells to prove if they are commercially viable. So far, judging by what we have seen in Manyberries, we are cautiously optimistic that the Company can unlock its full risk-adjusted potential of approx. 180 Bcf over the next few years to come. Last week, Kodiak demonstrated its strong capability to acquire world-class projects and successfully signed a major project in the Northwest Territories of Canada. This could become a company-making asset for the Kodiak Energy."

Analyst Schlotter also said: "Kodiak has signed a major project in the Mackenzie River Valley in the Northwest Territories of Canada that holds the potential of the giant Prudhoe Bay in Alaska. In the prospect area subsurface geological studies indicate excellent conditions for the accumulation of large oil and natural gas reserves. Kodiak will commence exploring the leaseholds by acquire 2D seismic prior to June 30, 2007, and then, after completion of the initial seismic program, it is anticipated that Kodiak will drill two test wells the following winter to prove the assets. Seismic interpretation and mapping if successful, which offers greater detail and confidence in identifying structures over Kodiak's Energy leases, could have eventually a significant impact on the stock price."

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

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." at http://www.firstresearchconsortium.com, and their research is enrolled for investor monitoring by the not-for-profit Shareholders Research Alliance, Inc. (http://www.shareholdersresearch.com).

Complete information is available at the company's InvestorPower page accessible from 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.

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

Forward-Looking Statements: Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.

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