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Stock Market & Financial Investment News

News Breaks
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."
News For KOG From The Last 14 Days
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December 8, 2014
07:03 EDTKOGWhiting Petroleum completes acquisition of Kodiak Oil & Gas
Whiting Petroleum Corporation (WLL) announced that it has completed its previously announced acquisition of Kodiak Oil & Gas Corp (KOG). The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the Arrangement on December 5, 2014. The all-stock transaction was previously approved by Whiting stockholders and Kodiak securityholders at special meetings held on December 3, 2014. The transaction enhances Whiting’s leading oil-weighted platform and is expected to drive production, reserve growth and operational efficiencies. Based on the closing price of Whiting stock on December 5, 2014, the combined company has a market capitalization of approximately $6.2B. As a result of the completion of the merger, the common stock of Kodiak Oil & Gas Corp. is no longer listed for trading on the New York Stock Exchange. Pursuant to the terms of the Arrangement, each share of common stock of Kodiak Oil & Gas Corp. will be exchanged for 0.177 of a share of Whiting common stock.

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