SISM Research Update Report On Kodiak Energy
29 Juli 2009 - 3:34PM
Business Wire
(Investrend Research Syndicate) -- Ernest C. Schlotter, a senior
analyst with SISM Research and a four star analyst according to
StarMine, recently published an 3-page update report on Kodiak
Energy, Inc. (OTCBB: KDKN) (TSX Venture: KDK), dated July 23, 2009,
outlining major milestones the company achieved during the previous
six weeks.
A complementary report, which includes important disclosures,
disclaimers and analyst qualifications, is available for download
via the Investrend Syndications website
(http://www.investrendsyndications.net/resources/sism%20research/kdkn).
Investors are advised to read disclosures carefully before trading
in the equities of any publicly traded company.
According to the report:
“The past six weeks have been dynamic in Kodiak’s development.
Kodiak reach significant milestones and is becoming a producing oil
and gas company. In early June the Company added 18,000 more acres
of land in the immediate vicinity of its core project. Five weeks
ago, the Kodiak’s wholly owned subsidiary, Cougar Energy, entered
into a strategic long-term financing agreement with a Swiss based
private Energy Equity Fund to develop the Company’s core asset in
north central Alberta. On July 14, Cougar successfully funded and
completed the JV transaction with CREEnergy. This deal gives
Kodiak’s Cougar Energy 100% control for up to 345,000 gross acres
in north central Alberta. The initial leases are rights on a total
of 46,000 gross acres for a lease term of ten years. As the project
moves forward, additional leases will be identified and added to
the joint venture. Additional progress was achieved early this week
when Kodiak reached an agreement with a private company to acquire
eleven producing wells and 21 low cost workovers or recompletion
wells adjacent to the CREEnergy JV project. This new deal will
deliver immediate cash flow to Kodiak’s Cougar. Based on historical
well data from the Bison Lake and Peerless/Trout Lake areas, Cougar
Energy could find up to 200 million recoverable barrels of oil and
1 Tcf of natural gas, translating into a project value of $1.5
billion or $15/share ($12/share if the new financing package is
fully drawn and Kodiak retain a minimum of 81% ownership in Cougar
Energy). Although these numbers must be validated by a third party
engineering firm. At this time, capital costs in the province of
Alberta are still low, making this project very lucrative.”
The full report includes important disclosures, disclaimers and
analyst information. Investrend and the SISM Research both advise
investors to exercise a reasonable degree of due diligence before
trading in the equities of any public company, including carefully
reading entire analyst reports and report disclosures, and then
only in conjunction with advice from a registered financial advisor
or broker. Investrend and the SISM Research both further advise
that any analyst rating, recommendation, target valuation, price
target or opinion should be considered merely a portion of an
investor’s total investigative process.
About SISM Research:
SISM Research is a private investment research firm, based in
Zurich, Switzerland, offering independent, fundamental research on
public companies since 1995. SISM Research publishes research on
micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and
TSX stock exchanges. SISM research coverage platforms are geared
toward institutional and individual investors in both North America
and in Europe. SISM Research, as a member-provider of the FIRST
Research Consortium, takes steps to ensure the independence and
integrity of SISM’s published research that exceed those of the CFA
Institute Code of Ethics and Standards of Professional Conduct and
the CFA-NIRI Guidelines, by following the exacting “Standards for
Independent Research Providers”, which are also in accordance with
guidance set forth by U.S. Securities and Exchange Commission’s
Advisory Committee on Smaller Public Companies
(http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf).
About The Investrend Research Syndicate:
The Investrend Research Syndicate, a proprietary entity of
Investrend Communications, Inc., distributes reports published by
sources dedicated to unbiased, reliable analytics and complete
transparency. The primary measure for determining those sources is
the “Standards for Independent Research Providers”.
Disclosures:
Morgarten Financial Services (a “third party”) has paid SISM
Research a retainer of eight thousand eight hundred and fifty US
dollars to resume continuing coverage of Kodiak Energy, Inc. for a
two-year period, and Morgarten Financial Services is under contract
to pay SISM Research an ongoing fee of one thousand eight hundred
and fifty US dollars per month over that two-year period to ensure
continuation of SISM’s independent coverage of Kodiak Energy,
Inc.
SISM has paid Investrend Communications, Inc. (“Investrend”) a
portion of SISM's collected fees from Morgarten Financial Services
for a “distribution and visibility” program, provided by the
Investrend Research Syndicate (Div., Investrend) in support of
SISM's Kodiak Energy, Inc.’s coverage.
“Safe Harbor” Statement:
This announcement contains forward-looking information within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), including statements regarding
potential sales, the success of the company's business, as well as
statements that include the word "believe" or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Kodiak Energy, Inc. to differ
materially from those implied or expressed by such forward-looking
statements. Such factors include, among others, the risk factors
included in reports filed with the SEC under the Exchange Act. This
press release speaks as of the date first set forth above and
Kodiak Energy, Inc. assumes no responsibility to update the
information included herein for events occurring after the date
hereof. Actual results could differ materially from those
anticipated due to factors such as the lack of capital, timely
development of products and services, inability to deliver products
and services when promised, inability of potential customers to pay
for ordered products and services, and political and economic risks
inherent in international trade.
Cautionary Note to U.S. Investors:
The United States Securities and Exchange Commission permits oil
and gas companies, in their filings with the SEC, to disclose only
proved reserves that a company has demonstrated by actual
production or conclusive formation tests to be economically and
legally producible under existing economic and operating
conditions. We use certain terms on this press release, such as
prospective resource or Original Oil in Place, that the SEC's
guidelines strictly prohibit us from including in filings with the
SEC. U.S. Investors are urged to consider closely the disclosure in
our Form 10K. You can also obtain this form from the SEC by calling
1-800-SEC-0330.
Disclaimer:
Neither the OTC Bulletin Board Exchange nor the Toronto venture
exchange have either approved or accept responsibility for the
adequacy or accuracy of the above news release.
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