Kodiak Energy, Inc. (KDKN)

[OilStockReport]

Revenue from latest 10q

Kodiak continues production on its developed assets which began in the fourth quarter of 2009. There are no operating revenue or expense comparables for the current quarter or six months year over year.

Net Loss attributable to Kodiak for the three months ended June 30, 2010 totaled $398,088 (June 30, 2009 - $16,379,553). Net Loss for the six months ended June 30, 2010 totaled $5,010,373(2009 - $16,880,088)The decrease in loss for the current periods is due to a major asset write down of a undeveloped CAD property in the second quarter of 2009 in the amount of $16,169,130.

General and administrative expense for the three months ended June 30, 2010 was $628,201 (June 30, 2009 - $356,428). General and Administrative expense for the six months ended June 30, 2010 totaled $1,280,721 (2009 - $849,889)The increases for the current periods are due to higher staffing levels, higher stock based compensation expense and reorganization costs dealing with a Kodiak subsidiary.

Interest expense for the three months ended June 30, 2010 was $86,093 (June 30, 2009 - $93). The increase is a result of the Company’s borrowing to purchase the Trout properties as well as interest on the operating line. Prior to this period the Company did not have the any operating lines of credit. Interest expense for the six months ended June 30, 2010 was $162,353 (June 30, 2009 - $304). The increase is due to the interest on the financing for the Trout property purchase and interest on the operating line, neither of which the Company had last year.

Depletion, depreciation and accretion including ceiling test impairment write-downs includes the cost of depletion and depreciation relating to production from producing properties in the quarter, ceiling test impairment write-downs and the cost of depreciation relating to office furniture and equipment. Depletion and depreciation charges of $370,954 (June,2009 - $16,034,536) was recorded and included in this quarter. The decrease is due to a ceiling test write down recorded in the quarter ended June 30, 2009 for $16,169,130. Depletion and depreciation charges for the six months ended June 30, 2010 of $4,781,263 (June 30, 2009 - $16,042,324) were recorded and included in the period. The decrease was due to a ceiling test write down of $16,169,130 in 2009 vs a ceiling test write down of $4,144,000 as well as Depletion costs of $590,218 in 2010. .