Kodiak Energy (OTCBB: KDKN) Announces Update to N.W.T. Property

Kodiak Energy, Inc. (OTCBB:KDKN) (TSX VENTURE:KDK) recently announced that on September 17, 2009 it received written confirmation from Indian and Northern Affairs Canada (INAC) waiving the rental amount required to continue the exploration license EL413.

Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter

The Corporation was advised that the allowable expenditures for the project billed to date are at a sufficient monetary level to extend the license for a 1-year period without requiring a rental payment. The revised expiration date for EL413 is September 17, 2010. Kodiak will reassess its go forward options for Little Chicago during the extension period. Information on Little Chicago can be found on the Corporation's website.Additional information will be released as it becomes available. Kodiak Energy, Inc. is a Calgary, Alberta, Canada based publicly traded oil and gas exploration and development company focused on developing and exploring onshore oil, gas and CO2 properties within North America. Our main prospect is located in the northeast New Mexico. Through our private subsidiary, Cougar Energy, Inc., we are developing the projects of Lucy in the Horn River Basin in northeast British Columbia and CREEnergy Joint Venture and area projects located in north central Alberta.

Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website

About Best Damn Penny Stocks

Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

Please click here to read the full disclaimer