Denver-based Kodiak Oil & Gas released its earnings report after the market close today.
Highlights...
- Record Annual Oil & Gas Sales of $31.0 Million, a 175% Increase
- Record Annual Adjusted EBITDA of $16.1 Million, 301% Growth
- Kodiak will be mobilizing its third drilling rig in the Williston Basin within 30 days.
As of February 28, 2011 Kodiak had six gross (4.4 net) operated wells and two gross (one net) non-operated wells waiting on completion. Two of the operated wells have been scheduled for completion in March 2011 and the Company is awaiting a completion date for a third well.
http://finance.yahoo.com/news/Kodiak-Oil-amp-Gas-Corp-prnews-3115499523.html?x=0&.v=1
Highlights...
- Record Annual Oil & Gas Sales of $31.0 Million, a 175% Increase
- Record Annual Adjusted EBITDA of $16.1 Million, 301% Growth
- Kodiak will be mobilizing its third drilling rig in the Williston Basin within 30 days.
As of February 28, 2011 Kodiak had six gross (4.4 net) operated wells and two gross (one net) non-operated wells waiting on completion. Two of the operated wells have been scheduled for completion in March 2011 and the Company is awaiting a completion date for a third well.
http://finance.yahoo.com/news/Kodiak-Oil-amp-Gas-Corp-prnews-3115499523.html?x=0&.v=1
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