Kodiak Energy, Subsidiary Appoint VP Finance and CFO

Kodiak Energy and its majority controlled private subsidiary, Cougar Energy welcome David (Dave) Wilson as Vice President, Finance of Kodiak and Chief Financial Officer of Cougar effective November 2, 2009.

Dave has over 20 years of professional accounting experience with various public and private oil and gas exploration companies, both domestically and internationally. He has expertise in accounting, securities and regulatory standards for publicly traded companies including U.S. GAAP and Canadian IFRS. Dave is also accomplished in various financing initiatives, related negotiations, and M&A transactions. His proven executive management skills in the capacities of Vice President, Finance and Chief Financial Officer were instrumental in successfully executing various strategic transactions. He obtained his Certified Management Accountant designation from the Alberta Society of Management Accountants.

"I am delighted in joining Kodiak and Cougar at this exciting time in the companies' growth," stated Dave Wilson. "I look forward to working with both executive management teams to create opportunities and implement financial and operational strategies to move the companies forward."

"We are excited to add such a qualified and experienced member to our executive management teams", said Bill Tighe, President and CEO of Kodiak. "Dave's comprehensive level of industry, accounting and regulatory knowledge comes at a significant turning point for both Kodiak and Cougar."

With the appointment of Dave Wilson as Vice President, Finance of Kodiak and Chief Financial Officer of Cougar, Bill Brimacombe remains Chief Financial Officer of Kodiak and has stepped down as Chief Financial Officer of Cougar.


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