Kodiak Energy, Inc. Announces Update to Little Chicago, N.W.T. Property
21 Settembre 2009 - 8:10AM
Marketwired
Kodiak Energy, Inc. (TSX VENTURE: KDK) (OTCBB: KDKN) ("Kodiak" or
the "Corporation) announces 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. 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 at
http://www.kodiakpetroleum.com.
Additional information will be released as it becomes
available.
About Kodiak: 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.
Additional information on Kodiak is at
http://www.kodiakpetroleum.com.
Forward-looking Statements: This press release contains
forward-looking statements. The words or phrases "would be," "will"
"intends to," "will likely result," "are expected to," "will
continue," "is anticipated," "estimate," or similar expressions are
intended to identify "forward-looking statements". The
Corporation's business is subject to various other risks and
uncertainties, which may be described in its corporate filings
(www.sec.gov and www.sedar.com). Statements made herein are as of
the date of this press release and should not be relied upon as of
any subsequent date. The Corporation cautions readers not to place
reliance on such statements. Kodiak undertakes no obligation to
update or publicly revise forward looking statements or information
unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kodiak Energy, Inc. Wm (Bill) S. Tighe President and
CEO (403) 262-8044 info@kodiakpetroleum.com
www.kodiakpetroleum.com
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