Kodiak Oil & Gas Corp. (AMEX:KOG)
About Kodiak Oil & Gas Corp. (AMEX:KOG) Kodiak Oil & Gas Corp. (Kodiak), incorporated on March 17, 1972, is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States. The Companyâ€™s oil and natural gas reserves and operations are concentrated in two Rocky Mountain Basins, the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. As of December 31, 2009, the Companyâ€™s portfolio included Eastern Bakken oil play in Mountrail and Dunn Counties, North Dakota, and Vermillion Basin of southwest Wyoming. As of December 31, 2009, the Company had acquired an interest in approximately 52,000 gross (37,000 net) acres in the Eastern Bakken oil play. It has drilled its first two wells on the prospect acreage. As of December 31, 2009, the Company controlled approximately 43,000 gross acres and 16,000 net acres in the Vermillion Basin.
52 week range
$2.19 - $6.95
Financials Kodiak Oil & Gas Corp. (AMEX:KOG) reported the increase of 11 percent in its total revenue for the quarter ended June 30th, 2010 as compared to its revenue of $6.30 million for the same period last year. Cash flow from operation of company has increased enormously which stood at $12.82 million. That is quite greater than compared to last ended quarter. The companyâ€™s total assets accumulate up to $181.19 million with highest quantity of fixed assets in total amount. Kodiak Oil & GASmaintains a high short term liquidity position with current ratio of 3.08 times which depicts that current assets are maintained 3.08 times more than the companyâ€™s current liabilities. Moreover, Company is going to have less liquidity problems in future due to high quality of liquidity ratios.
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Published on Jan 18, 2011