Rochester,NY 8/22/2009 5:28:45 PM
Kodiak Oil & Gas Corp.KOG-Recently announced Second Quarter 2009 Results
Kodiak Oil & Gas Corp
Aug. 6 , Kodiak Oil & Gas Corp., an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, reported financial and operating results for the second quarter 2009.
The Company announced a net loss for the quarter ended June 30, 2009, of $538,000, or $0.01 per basic and diluted share, compared with a net loss of $1.9 million, or $0.02 per basic and diluted share, for the same period in 2008. Oil and gas sales were also flat quarter-over-quarter at $2.0 million. Crude oil revenue accounted for approximately 94% of second quarter 2009 oil and gas sales, as compared to 77% in the same period in 2008.
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