Kodiak to Voluntarily Delist from TSX Venture Exchange

Kodiak Oil & Gas Corp. has notified the TSX Venture Exchange that it intends to voluntarily de-list its shares from the TSX Venture Exchange at the close of business on April 20, 2007.

Since its listing on the American Stock Exchange (AMEX) in June 2006, Kodiak's trading volume on the TSX Venture has dropped when compared to its volume on the AMEX. In addition, the number of U.S. shareholders has risen while the number of Canadian shareholders has declined. As a result, the Company believes the dual listing does not provide significant additional liquidity. Kodiak's listing on the AMEX will continue to provide an active market in the Company's stock and will be accessible to all shareholders regardless of the country in which they reside.

Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains.

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