Kodiak Energy, Inc.
OTC Bulletin Board : KDKN

Kodiak Energy, Inc.

September 04, 2007 00:05 ET

Kodiak Energy, Inc.: Status of Publication of El 413 Report

CALGARY, ALBERTA --(Marketwire - Sept. 4, 2007) - Kodiak Energy, Inc. (OTCBB:KDKN) ("Kodiak" or the "Company") is pleased to announce that it has posted the abridged copy of the Chapman Engineering Report dated August 2007, on the Company web site.


As well the Company has posted a Management Discussion of EL 413 and the Report on the Company web site also.


Kodiak Energy, Inc. is a publicly traded oil and gas exploration and development company. The Company is focused on efficient and low cost development of low risk oil and gas properties in southern Alberta and through its United States subsidiary, Kodiak Petroleum (Montana), Inc., in Montana and high impact prospects located in the central Mackenzie River Valley ("Little Chicago prospect") of the Northwest Territories ("NWT") in Canada, Ft McMurray Alberta, Lucy area of British Columbia and the Tucumcari Basin area in north-eastern New Mexico.

This information in the Management Discussion and the Report the terms "prospective resources". The Company advises investors that although these terms are recognized and required by Canadian securities regulations (under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities), the US Securities and Exchange Commission does not recognize these terms. Investors are cautioned not to assume that any part or all of the resources in this category will ever be converted into reserves. In addition, "prospective resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an prospective resource will ever be upgraded to a higher category. Under Canadian rules, estimates of prospective resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a "preliminary assessment" as defined under National Instrument 51-101. Under US rules, Investors are cautioned not to assume that part or all of a prospective resource exists, or is economically or legally recoverable.

This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," 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.

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