Kodiak Prices Follow-on Public Offering
Kodiak Oil & Gas Corp. on Monday announced the pricing of its follow-on public offering of 10,500,000 shares of common stock at $4.15 per share. Net proceeds to Kodiak from the offering, after deducting underwriting discounts and commissions but before offering expenses, amounted to approximately $40,960,500, all of which will be used to fund a portion of Kodiak's 2007 capital expenditures. Kodiak has granted the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of common stock to cover over-allotments, if any.
KeyBanc Capital Markets was the lead manager of the offering. A.G. Edwards and Petrie Parkman & Co. acted as co-managers.
Copies of the final prospectus relating to the offering -- when available -- may be obtained from KeyBanc Capital Markets by written request to 800 Superior Avenue, Cleveland, Ohio 44114, or by fax request to (216) 443-3901.
Kodiak Oil & Gas Corp. 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 Rocky Mountain region of the United States.
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