Kodiak Oil & Gas runs production casing on two wells

DENVER, CO, Oct. 17 /CNW/ - Kodiak Oil & Gas Corp. (TSX Venture: KOG;
U.S. symbol KOGGF) today announced that it has reached total depth on two
wells.
The Kodiak State No. 6-16 (25% WI; operated by Kodiak), the Company's
Lowell prospect, in Sheridan County, MT, reached total depth at 7,766 feet.
Logging procedures have been completed and production casing has been set.
Kodiak expects to begin completion work immediately. The State No. 6-16 is a
direct offset to the State No. 8-16 well, which has cumulative production of
2,580 barrels since coming on line in early September 2005. The State No. 8-16
continues to flow without any artificial lift. Both wells were drilled to test
the Mission Canyon Formation.
The drilling rig will be moved to the Larsh No. 16-11 location, the
initial well on the Company's North Wrangler Prospect, located three miles
west of the Kodiak State No. 6-16 well. The Larsh No. 16-11 (25% WI; operated
by Kodiak) will be drilled to a proposed total depth of 7,700 feet and test
oil potential in the Mission Canyon Formation. Subsequent to the drilling of
the Larsh No. 16-11, the rig will be moved back to the Lowell prospect to
drill another development well.
Kodiak also reached total depth of 6,202 feet on its Chicken Spring's
well, PRFED 14100 4-29 (50% Working Interest; non-operator), in Sweetwater
County, WY. Logging procedures have been completed and production casing has
been set. The well was drilled to test natural gas potential in the Almond
sands and coals and is an offset to the Company's PRFED 14100 SW29 producing
well. Current production from the Unit is 100-200 Mcf of gas per day, surface
constrained.
The drilling rig will be moved one mile south to the PRFED 14100 4-32
(50% Working Interest; non-operator) and drilled to a proposed depth 6,103
feet and test natural gas potential in the Almond sands and coals. Subsequent
to the drilling of the PRFED 14100 4-32, the Company will participate in the
PRFed 14100 2-31 (50% Working Interest; non-operator), utilizing horizontal
drilling technology to evaluate the potential of the thick Almond coal. The
drilling program projects two laterals out of one well bore extending 3,500
feet each.
In other news, the Company also announced the grant of 900,000 incentive
stock options to certain directors, officers, employees and consultants. The
options were granted under the Company's Incentive Stock Option Plan and are
exercisable at the price of $1.20 per share for a period of five years from
the date of the grant.

About Kodiak Oil & Gas
----------------------
Kodiak Oil & Gas, headquartered in Denver, is an independent energy
exploration and development company focused on exploring, developing and
producing oil and natural gas in the Williston and Greater Green River Basins
in the U.S. Rocky Mountains. The common shares of the Company are listed for
trading on the TSX Venture Exchange under the symbol "KOG" and the U.S. symbol
"KOGGF."

Forward-Looking Statements
--------------------------
This press release includes statements that may constitute "forward-
looking" statements, usually containing the words "believe," "estimate,"
"project," "expect" or similar expressions. These statements are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements inherently involve risks and uncertainties
that could cause actual results to differ materially from the forward-looking
statements. Factors that could cause or contribute to such differences
include, but are not limited to, fluctuations in the prices of oil and gas,
uncertainties inherent in estimating quantities of oil and gas reserves and
projecting future rates of production and timing of development activities,
competition, operating risks, acquisition risks, liquidity and capital
requirements, the effects of governmental regulation, adverse changes in the
market for the Company's oil and gas production, dependence upon third-party
vendors, and other risks detailed in the Company's periodic report filings
with the BC Securities Commission.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

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