Kodiak Oil & Gas Corp. Announces Closing Of 8.125% Senior Notes
Exchange Offer
DENVER, Nov.16, 2012
/PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil
and gas exploration and production company with primary assets in
the Williston Basin of
North Dakota, today announced that
it has completed its offer to exchange $800
million aggregate principal amount of its unregistered
8.125% Senior Notes due 2019 (the "Initial Notes") for $800 million aggregate principal amount of its
outstanding 8.125% Senior Notes due 2019 registered under the
Securities Act of 1933, as amended (the "Exchange Notes").
The registered exchange offer, which expired at 5.00 p.m., New York
City time, on November 9,
2012, fulfilled the Company's obligations regarding the
registration of the Initial Notes, which were issued on
November 23, 2011 and May 17, 2012. Pursuant to registration
rights agreements entered into by the Company in connection with
the sale of the Initial Notes, the Company agreed to file a
registration statement with the Securities and Exchange Commission
relating to the offer and Exchange Notes.
All of the holders of the Initial Notes participated in the
exchange offer, and the Company exchanged all of the Initial Notes
that were tendered by the holders of those notes for Exchange
Notes. The Exchange Notes contain substantially identical
terms to the Initial Notes.
About Kodiak Oil & Gas Corp.
Denver-based Kodiak Oil & Gas Corp. is an
independent energy exploration and development company focused on
exploring, developing and producing oil and natural gas primarily
in the Williston Basin in the U.S.
Rocky Mountains. For further information, please visit
www.kodiakog.com. The Company's common shares are listed for
trading on the New York Stock Exchange under the symbol: "KOG."
For further information, please contact:
Mr. Lynn A. Peterson,
Chairman and CEO, Kodiak Oil & Gas
Corp. +1-303-592-8075
Mr. David
P. Charles, Sierra Partners LLC +1-303-757-2510 x11
SOURCE Kodiak Oil & Gas Corp.