Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-manager in this offering

About

Kodiak Oil & Gas Corp. (NYSE AMEX: KOG) (“KOG” or the “Company”) recently completed a follow-on offering of 27,600,000 shares of its common stock at a price of $6.10 per share, generating gross proceeds of $168.4 million. The Company intends to use the net proceeds from the offering to repay debt outstanding under its revolving credit facility, to fund capital expenditures related to drilling, development and infrastructure, principally in the Bakken play located in North Dakota, and for general corporate purposes, including financing the potential acquisition of oil and gas properties in certain core areas, such as the Bakken play.

KOG, based in Denver, is an independent energy exploration and development company focused on exploring for, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Jim Penilla (314) 445-6536
Energy
Follow-on Offering
Date
July 2011
Company
Kodiak Oil & Gas Corp.
Transaction
M&A
Sectors
Energy
Target Location
North America

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