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Gold/Mining/Energy : Kodiak Oil & Gas Corp (KOG)
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From: JakeStraw8/12/2011 12:58:47 PM
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One of them is a very early stage play in the Williston called Kodiak Oil & Gas Corp. ( KOG). The company has about 100,000 net acres at this point and is really starting to turn on a lot of wells. It should actually be able to start talking more and more about some very impressive production growth rates, not only for this year but next year. In the next couple of quarters, Kodiak could double production in only one quarter because it is able to bring on three, four or five wells. It currently has a couple of rigs running and will be moving to five rigs by the end of this year. Next year, 2012, we should see explosive growth much as we saw from Brigham Exploration Company ( BEXP) a few years ago. So, I look at Kodiak as an earlier stage play in the Williston with a very nice acreage position and cash on the books. When the additional rigs start running, it's just a matter of focusing on operations and getting the oil out of the ground.
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