Research, Report & Profiling Services by IPOdesktop.com Kodiak Energy Inc. (KDKN.OB; TSX-V, KDK)

Stock symbol: KDKN.OB…………….………….…………………..Average volume (3mos): 95,348

Stock price 1/13/09: $.43…………….……………………....Common shares: 110mm, 50mm float

52-week price range: $.43 - $3.69…………….……...……Equity market capitalization: $47.3mm

Recent News…..Stock Price…..Chart…..SEC Filings

CEO Interview…listen now

VALUATION HIGHLIGHTS

KDKN $200mm+++ valuation, significantly above the current market cap of $47mm . Oil – oil futures higher, up to 50% over time…read more . Natural gas – gas futures higher, up to 30% over time…read more . Five year CO2 (for enhanced oil recovery) contracts

KDKN’s total land position rivals some midsize Canadian companies . Diversified projects on 340,000 gross acres leased for exploration and development in multiple jurisdictions and work environments . Plus 354,600 acres for the CREEnergy joint venture/strategic alliance…read more about CREEenergy project ….. CREEenergy summary with maps

Investment bank JP Morgan is "predicting oil prices to average $65 in the first half of 2009, and then climb to $75 in the fourth quarter."

BUSINESS

Exploration and development

. Primary objective is to identify, acquire and develop working interests in undeveloped or underdeveloped prospects.

. Focused on prospects located in Canada and the United States.

. Prospects generally are under long term leases and include partial and full working interests.

. In all of the core properties, Kodiak is the operator and majority interest owner

PROJECT VALUATON SUMMARIES

Natural Gas $35-$40mm valuation estimate. Lucy Project. Production development . It seems reasonable to assume that in the next 12-18 months that LUCY can be sold for around $35mm to such a company as Petro Canada PCZ $10.7bb market cap. . Petro Canada (PCZ) owns & operates all the adjacent & surrounding natural gas properties. . Lucy project divestiture profits expected to be ploughed into the production development of CREE

Oil . $$$$ valuation estimate (see below): CREEnergy Project. Production development . $160mm valuation estimate: Little Chicago Project. Exploration development

CO2 for enhanced oil recovery…read more . $15mm valuation estimate: N.E. New Mexico Project. . Latter phase exploration, near development

PROJECT SUMMARIES

Natural Gas -- Lucy Project, $35-40mm valuation estimate . Near term production potential of 5mm cubic feet from two wells by the end of 2009 . Transportation & processing infrastructure readily available. . Low breakeven operating costs…read more

OIL – CREEnergy Project, $$$$ valuation estimate . Has the potential of producing 3-5000 barrels of oil per day within five years . At 4,000 barrels per day & $60 per barrel, the yearly revenue estimate is $86mm…read more

OIL -- Little Chicago Project, $160mm valuation estimate . 200,000 acre exploration license . Low anticipated breakeven operating costs…read more

CO2 for enhanced oil recovery – N.E. Mexico Project, $15mm valuation estimate . 79,000 acres . First three exploratory wells showed 98% output of CO2 at the well-head. . Fairly near access to pipeline with capacity, Sheep Mountain Pipeline . Land is sitting adjacent to a former volcano that generated abundant quantities of CO2 gas now stored in the ground …read more

INDUSTRY TRENDS

"If you look at the long term, there is a need for supply and that investment needs to occur now," said Chevron spokesman Kurt Glaubitz.

"Unconventional natural gas production, lead by gas shales, is expected to provide the majority of growth in gas supply" (which is KDKN’s Lucy project) according to the Energy Information Administration (EIA), December 17, 2008

EIA (official energy statistics from the U.S. government) graphs in the recent December 17, 2008 report include . Oil price future estimates, includes a wide range of outcomes…see the graph . Unconventional gas (the Lucy project) production grows…see the graph . Fossil fuels still provide 79% of the energy by 2030…see the graph

December 22, 2008: Billionaire T. Boone Pickens on the radio today say that OPEC is going to keep cutting production until oil is back up at $75/barrel.

December 22, 2008: The Organization of the Petroleum Exporting Countries (OPEC) last week agreed to reduce output by another 2.2 million barrels per day, adding to agreements to cut 2 million bpd from global supplies made since September to help balance the market and prop up prices. . "Don't doubt the efforts of OPEC or its members to return the oil market to stability," Saudi Oil Minister Ali al-Naimi told reporters over the weekend in Qatar. . A senior OPEC delegate said the group was ready to reduce supply further if needed after the latest round of cuts were agreed last week, but added that he believed it had done enough for now to balance the market. . "OPEC should not have to do anymore, but members are willing to do more if they have to. You can never tell with this economy in downturn," the delegate told Reuters. . Asian refiners have yet to receive notice from OPEC's core Gulf members of any further reductions to oil supplies since the group announced fresh cuts last week. . A Reuters poll of analysts ahead of weekly U.S. data due out on Wednesday forecast U.S. crude inventories rose by 300,000 barrels in the week to December 19, with distillate and gasoline stocks also expected to have gained.

----------------------------------------------------------------------- Address: 734 7th Avenue S.W, Calgary, Suite 460, AB T2P 3P8, Canada effective January 1, 2009 the new address is: Suite 405, 505 -- 8 Avenue S.W., Calgary, Alberta T2P 1G2

Telephone: 403-262-8060; Fax 403-262-5118

President & CEO: William Tighe

Web Site: http://www.kodiakpetroleum.com

State or other jurisdiction of incorporation or organization: DE

Transfer Agent: Compushare

Investor contact: William Tighe, President and Chief Executive Officer, (403) 262-8044, Email: info@kodiakpetroleum.com -----------------------------------------------------------------------

SISM Research Report puts a price target of $3.45 on KDKN…read more

MANAGEMENT, DIRECTORS

William S. (Bill) Tighe

Position: Director, Acting Chairman of the Board, Chief Executive Officer, Chief Operating Officer and President

Bill has held the positions of Chief Operating Officer, President and Director of the company since September 2005 and Chief Executive Officer of the company since December 2007. At Kodiak's 2008 annual meeting in December, he assumed the position of Acting Chairman of the Board. Since 2005, Bill has focused on developing the company's business interests.

His past experience includes approximately thirty years in management, operations, maintenance, and more recently major and minor projects for both Canadian and other international energy companies. These positions were in a variety of field settings from the heavy oil industry, sour gas and liquids plants in Alberta and British Columbia and the sub-arctic in Canada, to design offices, construction, construction and startup, and operation of large gas/liquids processing operations in Southeast Asia. Since 2004, Bill has worked for Suncor Energy Ltd. as a Business Services Manager, Growth Planning and Development. From 2000 until 2004, he worked for Petro China International as Operations Development and Commissioning Manager. Prior to that, Bill had extensive experience in both Alberta and internationally in the oil and gas industry. He attended the University of Calgary where he studied general science and computer science. Bill is a director of Tamm Oil and Gas Corp., a junior heavy oil exploration and development company based in Calgary, Alberta, Canada.

He holds an Interprovincial Power Engineering Certification II Class.

Peter A. Schriber

Position: Director

Peter has been a Director of the company since November 2005. He is currently an independent financial consultant. Peter is active in mergers and acquisitions as well as debt and equity financing for private and public companies. Prior to 1999, he was a director and partner of a Vancouver based brokerage firm. Prior to that, Peter was a Vice President and Manager of Corporate Lending with the Canadian division of a Swiss Bank.

He has a degree in Commerce from a Swiss Institution, and graduated as a Fellow of the Institute of Canadian Bankers. Peter is also a member of the Canadian Bankers Association.

Marvin (Marv) J. Jones

Position: Director

Marv has been a Director of the company since April 2006. He has more than 45 years of North American and international oil and gas experience, with the last thirty years being at the management level in oil and gas drilling and services industries. Marv is a past President of Trinidad Drilling, a past Vice President of Challenger International Services, and a past Vice President of Thomson Industries.

He is a recipient of the Canadian Association of Oilwell Drilling Contractors (CAODC) Honorary Life Membership Award and a past President of CAODC. Marv is involved in many charitable, sports and public organizations.

Leslie (Les) R. Owens

Position: Director

Les was elected as a Director of the company at the December 2008 annual meeting. He has more than 25 years of oil and gas experience, primarily in completions and production services. Les is currently General Manager at Canadian Sub-Surface, Energy Services, a provider of cased-hole completion, production and evaluation services. From October 2001 to April 2008, he was in management positions with Ultraline Services Corp., a provider of wireline services. Prior to that, from October 1999 to October 2001, Les was in sales with Plains Perforating Ltd., a provider of perforating services. His previous experience was with various oil and gas service companies, in positions progressing from sales to senior management.

Glenn Watt

Position: Director, Vice President Operations

Glenn has been a director of the company since November 2005 and Vice President, Operations of the company since April 2007. Prior to joining Kodiak, Glenn worked primarily in the Western Canadian Sedimentary Basin and, from May 2003 to March 2007, was drilling and completions superintendent for a large Canadian oil and gas royalty trust. Prior to that, he worked for a major oil and gas company as a completions superintendent. Glenn has additional field experience working on drilling rigs in Alberta and British Columbia.

He has an honours diploma in Petroleum Engineering Technology from the Northern Alberta Institute of Technology and a Bachelor of Applied Petroleum Engineering Technology Degree from the Southern Alberta Institute of Technology.

William (Bill) E. Brimacombe

Position: Chief Financial Officer

Bill is a Canadian Chartered Accountant and since January 2007 has been our Chief Financial Officer. From 2000 to 2006, he was Vice-President Finance of AltaCanada Energy Corp., a publicly traded Canadian oil and gas company. Prior, Bill has over 30 years financial experience working for a number of public and private oil and gas companies with operations in Canada, the United States and other countries, including experience as an independent financial consultant during the years 1988 to 2000.

He is a member of both the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of Alberta.

Steven Peter

Position: Vice President, Exploration

Steven is a professional geologist with over 25 years of diversified experience in the Canadian oil and gas industry. For the last 10 years, he has worked for small to medium-sized companies including Koch Exploration Canada Corporation, Compton Petroleum Corporation, Infiniti Resources International and G2 Resources Inc.

Steven has a broad range of geological expertise in the Western Canadian Sedimentary Basin. His proven ability to find oil and gas is an asset to the Kodiak team.

He graduated from McMaster University in 1982 with a Bachelor of Science Degree in Geology. Steven is a member of the Association of Professional Engineers, Geologists, and Geophysicists of Alberta (APEGGA) and the Canadian Society of Petroleum Geologists.

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