UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_____________________________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report:
(Date of
earliest event reported)
August
12, 2008
____________________________
KODIAK ENERGY, INC
.
(Exact
name of registrant as specified in charter)
DELAWARE
(State or
other Jurisdiction of Incorporation or Organization)
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333-38558
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734
7th Avenue S.W. Calgary, AB T2P
3P8 Canada
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65-0967706
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(Commission
File Number)
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(Address
of Principal Executive Offices and zip code)
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(IRS
Employer Identification No.)
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(403)
262-8044
(Registrant’s
telephone number, including area code)
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of registrant under any of the following
provisions:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Safe Harbor Statement under
the Private Securities Litigation Reform Act of 1995
Information
included in this Form 8-K may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”). This information may involve known and
unknown risks, uncertainties and other factors which may cause the Company’s
actual results, performance or achievements to be materially different from
future results, performance or achievements expressed or implied by any
forward-looking statements. Forward-looking statements, which involve
assumptions and describe the Company’s future plans, strategies and
expectations, are generally identifiable by use of the words “may,” “will,”
“should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project”
or the negative of these words or other variations on these words or comparable
terminology. These forward-looking statements are based on
assumptions that may be incorrect, and there can be no assurance that any
projections included in these forward-looking statements will come to
pass. The Company’s actual results could differ materially from those
expressed or implied by the forward-looking statements as a result of various
factors. Except as required by applicable laws, the Company
undertakes no obligation to update publicly any forward-looking statements for
any reason, even if new information becomes available or other events occur in
the future.
Item
8.01 Other Events
The
Company announced that on August 12, 2008 it received formal approval from the
British Columbia Oil & Gas Commission (“OGC”) of its application for an
extension to test the Muskwa shale gas potential on its British Columbia
(“B.C.”) leases in Canada.
Kodiak
and partners are immediately moving forward with the planned work program to be
executed during the 2008/09 winter season. The well drilled in
January 2008 will be stimulated using a staged vertical fracture and then flow
tested to evaluate its post fracture deliverability.
The
pipeline tie-in was previously scoped out. Based on a successful well
stimulation, Kodiak believes the well can be tied in for production by the end
of the 2008/09 winter work season. This test and development program could be
one of the first Horn River Basin projects in this area to be put on commercial
production and would begin to validate the overall reserves in the
area.
Based on
the success of this work program and the overall timing, Kodiak and partners
will review the balance of the work program to determine what portions of the
second phase can be advanced. The second phase program consists of a horizontal
leg off one of the previously drilled vertical wells. This is coupled
with a staged fracture program and flow test to evaluate the post fracture
deliverability with a tie in.
Item
9.01 Financial Statements and Exhibits.
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(a)
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Financial statements
of business acquired
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Not
applicable
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(b)
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Pro forma financial
information
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Not
applicable
99.1
Press Release dated August 18, 2008.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Current Report on Form 8-K to be signed on its behalf by the
undersigned hereunto duly authorized.
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KODIAK
ENERGY, INC.
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(Registrant)
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Date: August
18, 2008
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By:
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/s/ William S.
Tighe
William
S. Tighe
Chief
Executive Officer & President
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