Kodiak Petroleum
PropertiesProjects Overview

Email 'Overview' to a friend
Show printable version of 'Overview' in a New Window


KODIAK ENERGY, INC.

LITTLE CHICAGO, NWT

  • Located 170 km north of Norman Wells in the Mackenzie River Valley

  • 3 potential zones of (1) Devonian Bear Rock prospect, (2) Basal Cambrian Sand/Top PreCambrian prospect and (3) Canol prospect

  • Potential for 1B bbls of oil in place shallow to medium structures) plus multi-TCF potential in the deeper structures per engineering report



SOFIA, N.E. New Mexico, U.S.A

  • Opportunity to develop a large CO2 resource for commercial volumes (estimated 500 bcf of CO2-in-place / 50% recoverable)

  • First laboratory tests from first well show 98.4% to 99.5% quality CO2 with sustained extended flow rate of approximately 375 mcf/d from all 3 wells

  • Secondary recoveries from "old" oil positions in the Permian Basin

  • New oil and gas and evidence of helium on the project properties


This information on this website or discussion documents contains the terms "estimated reserves based on escalating pricing" and "contingent resources". The Company advises investors that although these terms are recognized and required by Canadian securities regulations (under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities), the US Securities and Exchange Commission does not recognize these terms. . In addition, "estimated reserve value" has an amount of uncertainty as to their existence, and economic and legal feasibility In addition, "prospective or contingent resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of a prospective or contingent resource will ever be upgraded to a higher category. Under Canadian rules, estimates of prospective or contingent resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a "preliminary assessment" as defined under National Instrument 51-101. CAUTIONARY NOTE TO U.S. INVESTORS - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions and constant pricing. We use certain terms on this management discussion, such as prospective resource or economic forecast based on escalating pricing, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10K. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

Last Updated Mar 16, 2010