SISM Research Update on Kodiak Energy
09 10월 2009 - 10:07PM
Business Wire
(Investrend Research Syndicate) -- Ernest C. Schlotter, senior
SISM Research analyst and four star analyst according to StarMine,
has released an update report on Kodiak Energy, Inc. (OTCBB: KDKN)
(TSX Venture: KDK) outlining company progress achieved during the
past few weeks.
A complimentary report, which includes important disclosures,
disclaimers and analyst qualifications, is available for download
via the Investrend website (http://www.investrend/sism/kdkn).
Investors are advised to read disclosures carefully before trading
in the equities of any publicly traded company.
According to the report:
“Kodiak’s Cougar Energy, Inc. successfully closed two property
acquisitions in September that are adjacent to the company’s
strategic CreeEnergy JV project. This acquisition will provide
Cougar with immediate cash flow, a cornerstone in the development
history of Kodiak. Cougar has acquired proven and probable reserves
valued C$7.7 million, based on a PV10 valuation from these two
acquisitions.
“We see substantial upside potential for this venture to about
1,000 barrels/day and a cash flow of 2 million per month, as there
are twenty-five low cost workovers and recompletion wells. These
wells previously produced up to an estimated total of 2,450 barrels
of oil per day. Cumulative production for these wells exceeded 6.6
million barrels of light sweet crude oil.
“Cougar will be actively working this fall and winter to
increase production and revenues substantially. In addition, Kodiak
added approx. C$1.1 million in PV10 from the Alexander and
Crossfield producing property acquisitions in Alberta. This
extensive 345,000-acre land position, with its JV partner, is a
strategic asset with significant infrastructure buildout that adds
value to Kodiak’s shares.”
Both SISM Research and Investrend 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:
Zurich, Switzerland-based SISM Research is a private investment
research firm offering independent, fundamental research on public
companies since 1995. SISM Research publishes research on micro- to
small-cap companies trading on the OTC, NASDAQ and AMEX, geared
toward institutional and individual investors in both North America
and in Europe. Also, as a member-provider of the FIRST Research
Consortium, SISM 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
(http://www.investrend.com/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”
(http://www.investrend.com/irp_standards), as promulgated by the
FIRST Research Consortium
(http://www.investrend.com/first_research).
Disclosures:
Morgarten Financial Services (a “third party”) 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. 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’s, 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’s, 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. SISM Research ma have used certain terms on this press
release, such as “prospective resource” or “original oil in place”,
that the SEC's guidelines strictly prohibit Kodiak Energy’s, Inc.
from including in filings with the SEC, and U.S. Investors are
urged to consider closely the disclosure in Kodiak Energy’s, Inc.’s
Form 10K. That form can also be obtained from the SEC by calling
1-800-SEC-0330. Additional information may also be found at the SEC
web site (http://www.sec.gov/).
Disclaimer:
The OTC Bulletin Board Exchange has neither approved nor accepts
responsibility for the adequacy or accuracy of the above news
release.
Kodiak Energy (CE) (USOTC:KDKN)
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Kodiak Energy (CE) (USOTC:KDKN)
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