Kodiak Oil & Gas Corp. Provides Operations Update

About this update from Ko Gold, Inc.

[{"type":"text","content":"\n\n\n\nDENVER, Jan. 8 /CNW/ -- Kodiak Oil & Gas Corp. (NYSE Alternext US: KOG),\nan oil and gas exploration and production company with assets in the Green\nRiver Basin of southwest Wyoming and Colorado and the Williston Basin of North\nDakota and Montana, today provided an operations update.\n\n\n\nWilliston Basin Operations Update -- Dunn County, North Dakota\n\n\nKodiak's exploration efforts target oil and gas production from the\nmiddle member between the upper and lower Bakken shales, which is the source\nrock for existing hydrocarbons. The Three Forks/Sanish Formation, a\nproductive interval lying directly below the lower Bakken shale, is also\nexpected to be a future exploration target. Commercial production from the\nThree Forks/Sanish Formation is being reported by operators in the immediate\narea.\n\n\n\n\n\nThe Moccasin Creek (MC) #16-34-2H well (Kodiak operates with 60% working\ninterest [WI] and 49% net revenue interest [NRI]) recently reached total\ndepth. The well, located in the southwestern portion of Kodiak's leasehold,\nwas drilled to an approximate total vertical depth (TVD) of 10,350 feet and a\ntotal measured depth (TMD) of 15,525 feet. During drilling operations, the\nwellbore encountered oil and gas shows in the lateral. A liner was run to\ntotal depth and completion work is tentatively scheduled after drilling of the\nMC #16-34H well is finished. The well successfully reached TMD in 38 days,\nwhich is within the Company's initial estimate of 40 days to total depth.\n\n\n\n\n\nThe drilling rig has been skid approximately 50 feet where drilling\nrecently commenced on the MC #16-34H well (Kodiak operates with 60% WI and 49%\nNRI). The MC #16-34H is projected to be drilled to a TVD of 10,350 feet and\nproposed TMD of 14,800 feet.\n\n\n\n\n\nSix miles east of the Moccasin Creek wells, Kodiak has completed\nconstruction of a drilling pad for the Charging Eagle (CE) #1-22-15H and the\nCE #1-22-23H wells. Approximately 10 miles north of the Moccasin Creek\nlocations, a second drill pad is being constructed for the Two Shield Butte\n(TSB) #16-8H and the TSB #16-8-16H wells. Kodiak operates both locations and\nwill utilize the skid package on its rig to move between wells, minimizing\nmobilization time and surface disturbance. Upon completion of the MC #16-34H\nwell, the drilling rig will be moved to one of t...

More updates from Ko Gold, Inc.