Finance & Investing | Capital Markets
Kodiak Oil & Gas Corp. Reports 3Q 2012 Financial Results
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Kodiak Oil & Gas Corp., today announced financial results for the three and nine month periods ended September 30, 2012. The Company furnished a detailed operations update news release on October 24, 2012.
For the quarter-ended September 30, 2012, the Company reported oil and gas sales of $112.1 million, as compared to $29.5 million during the same period in 2011, an increase of 280%. Kodiak reported an overall 301% increase in quarter-over-quarter equivalent sales volumes with 1.5 million barrels of oil equivalent (BOE) sold or an average of 15,855 BOE per day (BOE/d) during the third quarter 2012, as compared to 364 thousand BOE, or an average of 3,953 BOE/d in the same period in 2011. Crude oil revenue accounted for approximately 95% of oil and gas sales recorded during the third…- ✓ Full news archive — U.S., Canada & international coverage
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