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IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp.

Kodiak Oil & Gas Corp. · Apr 13, 2011 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 1
    IPAA OGIS New York Corporate Presentation April 11-13, 2011 Exploring, developing and producing oil and natural gas in the U.S. Rocky Mountains. l www.kodiakog.com l NYSE Amex: KOG
  2. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 2
    Corporate Data Symbol / Exchange: KOG / NYSE Amex Market Capitalization1: 1.2 B 52 Week H/L1: 7.70 / 2.43 Shares Outstanding: 179 MM Total Assets2: 370 MM Cash and Equivalents2: 101 MM 200 MM Revolver: Wells Fargo facility…
  3. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 3
    Operations Overview Oilfocused exploration and production company with extensive inventory of Williston Basin Bakken and Three Forks drilling locations and producing properties Williston Basin (Bakken and Three Forks) Lease…
  4. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 4
    Rapidly Increasing Production Net Production Over Time (Average Boe/d) Q2 2011 projected completions: 2 long laterals 5500 6500 6000 5000 4000 3000 2200 1900 2000 1200 1000 1000 600 300 0 2008 2009 1Q10 2Q10 3Q10…
  5. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 5
    Reserves 2010 Proved Reserves (11.5 MMBOE) PDP 87% Oil 4,271 PUD 37% PDP 7,138 2010 Proved Reserves Summary Oil Gas 2010 2009 % Reserve Category (MBbls) (MMCF) MBOE MBOE Change Proved Developed Producing 3,667 3,622 4,271…
  6. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 6
    2011 Capex Funds: Three operated rigs Capital Expenditure Comparison One nonoperated rig (4050% WI) (in millions) 200 200 2011 Capital Plan 190 MM Drilling & Completion: Three 175 operated rigs and one nonoperated rig 150…
  7. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 7
    Large Contiguous Operated Acreage Position in Williston Basin Other Williston Basin East of the Nesson Anticline Dunn County, ND Polar One operated rig currently running One nonoperated currently running Koala Acreage…
  8. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 8
    Current Estimate of Well Locations Analysis of estimated well locations below assuming all long lateral development Producing Kodiak Net Assumed Drilling Potential Well Locations Kodiak Project Area Formation Acres Unit Size Initial…
  9. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 9
    Williston Basin East of Nesson Dunn County, ND Activity Map29 Gross (16.7 Net) Wells in 2011 Dunn County Lease Position as of 03/31/2011: 59,000 gross (34,000 net) acres Original 5year lease terms with 13 years remaining on…
  10. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 10
    2010 Drilling East of the Nesson FourWell Pad 2.25 wells completed Q410 1.75 wells to be completed Q211 MC 1334281H TSB 14213315H 24 Hr IP: 2,050 Boe/d 90 Day average: 706 Boe/d Completion: 12/10 MC 1334282H TSB…
  11. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 11
    Completion Technique Advancements Drive Increased Well Recoveries Improved completion techniques have resulted in dramatic improvements in well results Increased number of frac stages / larger volume of ceramic proppant All of 2011…
  12. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 12
    Dunn County Well Economics Overview Projected long lateral wells with EUR of 750850 MBO and 8.09.0 MM well economics Drilling short lateral wells with EUR of 450550 MBO for 6.06.5 MM Bakken Long Lateral 750 MBO Bakken Long Lateral…
  13. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 13
    Dunn County Planned Drilling & Completion Activities WI/NRI Length of Lateral(1) Completion Number of Well Name Status (%) (feet) Date Stages Longer Laterals (Over 5,000) SC 1210119H 97/79 9,000 2011 Spud Q2 2011 SC 2242516H…
  14. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 14
    Dunn County Historical Drilling & Completion Activities IP 24 Daily Production (Boe/d) Hour Gas/Oil Completion WI/NRI Length of Number Test 180 360 Ratio Well Name Date (%) Lateral(1) (feet) of Stages Boe/d 30 Days 60 Days 90…
  15. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 15
    Williston Basin West of Nesson Activity Map 9 Gross (6.7 Net) Wells in 2011 McKenzie, Williams & Divide Counties, ND Lease Position as of 03/31/2011: 31,000 net acres Sheridan County, MT Lease Position as of 03/31/2011:…
  16. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 16
    Koala-Smokey Prospects McKenzie County, ND Largely contiguous / high working interest Koala: 8,000 net acres / Smokey: 13,000 net acres OAS Three wells drilled Angell 5200 3128H (2 Bakken and 1 IP: 3,460 Boe/d Three…
  17. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 17
    GrizzlyElm Coulee Trend 6,000 net acres Four gross (2.6 net) wells budgeted for 2011 All wells hooked up to KOGGrizzly (redrill) 1 27HR gas pipeline Nearby operators include ExxonMobil/XTO, Continental, Enerplus, and…
  18. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 18
    McKenzie County Drilling & Completion Activities Length of Daily Production (Boe/d) Rig Completion WI/NRI Number of IP 24Hour Well Name Lateral(1) Status Number Date (%) Stages Test BOE/D (feet) 30 Days 60 Days 90 Days Long…
  19. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 19
    Financial Strategy Maintain Adequate Liquidity Cash and Cash Equivalents as of 12/31/2010 101 MM 200 MM credit facility with recently expanded borrowing base to 50 MM 2011 CAPEX budget of 200 MM Existing cash balances, undrawn…
  20. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 20
    Key Investment Highlights Drillbit focused producer with large acreage position in oillevered Williston Basin 70,000 net acres in Williston Basin with Bakken and Three Forks potential 320 net locations in Kodiaks operating areas…
  21. IPAA Oil Gas Investment Symposia New York – Kodiak Oil & Gas Corp. – slide 21
    Key Investment Highlights Improving completion techniques enhance EURs, production and returns Attractive 90day well results validate completion techniques and acreage potential Projected long lateral wells with EUR of 750850…

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