Kodiak Oil & Gas Corp., Denver, (NYSE Amex: KOG) reports two recent successful producers targeting the middle Bakken on its Williston Basin properties in North Dakota.

            The assets are on Kodiak’s core Fort Berthold Indian Reservation in Dunn County. The TSB #16-8-7H well is operated by Kodiak and featured an initial production rate of 1,626 barrels of oil and 1.38 million cubic feet of gas for a total 1,856 barrels of oil equivalent per day. The well reached a total vertical depth of approximately 10,350 feet and a total measured depth of 19,743 feet, with an 8,995-foot lateral in the middle Bakken.

            Kodiak has 37.5% working interest before payout in the well (36% after payout) and 30% net revenue interest before payout (29.5% after payout).

Fracture stimulation procedures were completed on the well in early June. The well was completed utilizing a combination of sliding sleeves and plug and perforation completion techniques with a 15-stage fracture stimulation design in the well bore's 8,995-foot horizontal lateral section. The well flowed back oil and frac fluid up 4.5-inch frac string to the tank batteries.

Prior to being shut-in, the well was producing 46 barrels of oil and 30 barrels of frac fluid per-hour on a 20/64-inch choke with an average pressure of 1,875 pounds per square inch. The well was shut-in during completion of the TSB #16-8-16H well and will be put back onto production later this month.

The second well, TSB #16-8-16H, is also operated by Kodiak and featured initial production rates of 711 barrels of oil and 604,000 cubic feet for a total 811 barrels equivalent per day. The well reached a total vertical depth of approximately 10,350 feet and a total measured depth of 15,760 feet, with a 4,465-foot lateral in the middle Bakken.

Kodiak has 50% working interest (41% net revenue interest) in the well.

            As of June 24, the company has four producing wells, one well awaiting completion and is drilling ahead on the Two Shields Butte (TSB) #14-33-28H well.

             Kodiak president and chief executive Lynn Peterson says, “Kodiak continues its 2009 drilling and completion program with two more successful producers. We are fortunate to have completed each of our wells this year into a better oil price environment…Our initial four completed wells utilized a mix of completion techniques and length of laterals. We will evaluate the results from our longer laterals compared to the shorter laterals that are being drilled from the same pad and utilizing similar completion techniques.”

Kodiak has oil and gas properties in the Williston and Green River basins in the U.S. Rockies region.