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February 20, 2013
16:50 EDTKOGKodiak Oil & Gas on track to deliver about 100% sales growth in FY13
Commenting on 2012 results, CEO Lynn Peterson said, "Last year was transformational for Kodiak and its shareholders. After successfully integrating the acquisitions completed during October 2011 and January 2012, we essentially doubled the size of our operations while increasing the average daily equivalent sales from approximately 3,900 BOE/d in 2011 to 14,400 BOE/d in 2012, representing 267% growth. We are on track to deliver approximately 100% sales growth in 2013, with projected sales expected to range from 29,000 to 31,000 BOE/d. This sales growth expected in 2013 will be the result of our estimated $775 million capital expenditures budget for 2013."
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