Kodiak Oil & Gas Updates Operations - CNW Telbec (Communiqués de presse)- About: Oil and Gas News

Due to mechanical difficulties created by the gas encountered, and the subsequent increase in the weight of the drilling mud required to control the gas flow, the well did not reach its projected horizontal length of 2,700 feet. With current natural gas price differentials afflicting Rockies producers, management believes it is an opportune time to move methodically on the well to try and gain additional knowledge of the reservoir to best recover the hydrocarbons in place. Forward-looking statements in this document include statements regarding the Company’s exploration, drilling and development plans, the Company’s expectations regarding the timing and success of such programs and the Company’s expectations regarding the future production of its oil & gas properties. Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in the prices of oil and gas, uncertainties inherent in estimating quantities of oil and gas reserves and projecting future rates of production and timing of development activities, competition, operating risks, acquisition risks, liquidity and capital requirements, the effects of governmental regulation, adverse changes in the market for the Company’s oil and gas production, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission. read more

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