Kodiak Oil & Gas Corp. Announces Closing of Public Offering of Common Stock ... - Reuters

Kodiak Oil & Gas Corp. Announces Closing of Public Offering of Common Stockand Exercise of Over-AllotmentDENVER, Oct. 30 /PRNewswire-FirstCall/ -- Kodiak Oil & Gas Corp. (NYSE Amex:KOG) today announced the closing of its previously announced public offeringof 13,800,000 shares of common stock, which includes the full exercise of theunderwriters' over-allotment option of 1,800,000 shares. All shares were soldat a price of $2.20 per share. The net proceeds of the offering, afterdeducting underwriting discounts and commissions and Kodiak's estimatedoffering expenses, were approximately $28.6 million. KeyBanc Capital Markets Inc. acted as the sole book runner for the offeringand Thomas Weisel Partners LLC acted as the co-manager.Any offering of shares of common stock shall be made only by means of aprospectus. Copies of the base prospectus and the final prospectus supplementrelating to the offering may be obtained from the offices of KeyBanc CapitalMarkets, Attn: Prospectus Delivery Department, 800 Superior Avenue, 17thFloor, Cleveland, Ohio 44114, telephone: 216.563.2018. An electronic copy ofthe base prospectus and the final prospectus supplement are also available onthe website of the Securities and Exchange Commission at http://www.sec.gov.The common shares were offered and sold pursuant to an effective shelfregistration statement previously filed with the Securities and ExchangeCommission. This news release shall not constitute an offer to sell or thesolicitation of an offer to buy the common stock of Kodiak; nor shall there beany sale of these securities in any state or jurisdiction in which such offer,solicitation or sale would be unlawful prior to registration or qualificationunder the securities laws of such state or jurisdiction.About Kodiak Oil & Gas Corp.Denver-based Kodiak Oil & Gas Corp. is an independent energy exploration anddevelopment company focused on exploring, developing and producing oil andnatural gas in the Williston and Green River Basins in the U.S. RockyMountains. For further information, please visit www.kodiakog.com. TheCompany's common shares are listed for trading on the NYSE Amex exchange underthe symbol: "KOG."Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning ofthe Private Securities Litigation Reform Act of 1995. All statements otherthan statements of historical facts included herein may constituteforward-looking statements. Although Kodiak believes that the expectationsreflected in the forward-looking statements are reasonable, it can give noassurance that such expectations will prove to be correct. The forward-lookingstatements involve risks and uncertainties that affect our operations,financial performance and other factors as discussed in Kodiak's filings withthe Securities and Exchange Commission, including its Annual Report on Form10-K for the year ended December 31, 2008. For further information, please contact: Mr. Lynn A. Peterson, CEO and President, Kodiak Oil & Gas Corp.+1-303-592-8075Mr. David P. Charles, Sierra Partners LLC +1-303-757-2510 x11SOURCE Kodiak Oil & Gas Corp.Mr. Lynn A. Peterson, CEO and President of Kodiak Oil & Gas Corp.,+1-303-592-8075; or Mr. David P. Charles of Sierra Partners LLC,+1-303-757-2510, ext. 11, for Kodiak Oil & Gas Corp.

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