Kodiak O&G Welcomes New CFO

Kodiak Oil & Gas has realigned its financial and accounting group. The Company has named James P. Henderson as its Chief Financial Officer, effective April 1, 2010. Mr. Henderson rejoins the Company after two years as Director of Finance of Aspect Energy LLC, a Denver-based privately held energy company. Mr. Henderson will replace Keith Doss as Chief Financial Officer. Mr. Doss is stepping down from his role as Chief Financial Officer and is evaluating different opportunities.

"I want to thank Keith for his hard work and dedication to Kodiak over the last two years, a period during which we made significant progress in developing our Williston Basin asset base," said Lynn Peterson, Kodiak's President and CEO. "We wish him every success as he evaluates new opportunities. As we move forward into a new period of growth for Kodiak, having Mr. Henderson lead our strong financial team, already in place, helps us continue accurate, timely and seamless accounting and reporting."

Mr. Henderson has spent most of his career at publicly traded oil and gas companies, and he brings to Kodiak in-depth knowledge of acquisitions and divestitures, internal financial controls and processes, Sarbanes-Oxley compliance, cost management, and high-level analytical and modeling support. In addition, his relevant experience at Western Gas included involvement in midstream responsibilities such as gas gathering and marketing and commodity risk management as part of that company's pipeline, gathering, processing and marketing unit.

He holds a Bachelors degree in Accounting from Texas Tech University and a Master of Business Administration degree from Regis University in Denver. He is active in the Council of Petroleum Accountants Societies (COPAS).

Mr. Peterson continued, "Kodiak is ramping its growth through our successful drilling in the Williston Basin which affords us the opportunity to work once again with a talented oil and gas financial professional in Jimmy Henderson. Jimmy brings a broad spectrum of experience with primary focus on banking relationships, acquisition work, financial modeling, as well as a solid understanding of financial statements, Sarbanes-Oxley compliance, and other public company reporting requirements. As we continue to grow Kodiak's asset base, and its reserves and production, it is imperative that we are equipped with a top-notch financial team that can grow with the Company."


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