Research, Report & Profiling Services by IPOdesktop.com Kodiak Energy Inc. (KDKN.OB)

Stock symbol: KDKN.OB……........……………………….Average volume (3mos): 330,000

Stock price 9/5/07: $2.95…….……………………….Common shares: 93.3mm, 33.3mm float

52-week price range: $1.00 - $4.47………..………...……Equity market capitalization: $275mm

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Listen: Interview with William Tighe, President

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BUSINESS

KDKN is an oil and gas company creating a portfolio of North American assets that offer not only immediate production and cash flow but growth through exploration

Has lease holdings in Montana, South eastern Alberta, North eastern Alberta and an agreement to purchase mineral rights both in the Northwest Territories and Northeast New Mexico.

SUMMARY

Kodiak Energy is World-Scale Exploration and Development in North America

Potential for significant growth – (1) Little Chicago

Upside through developing a large CO2 resource – (2) Tucumcari

Near-term production and cash flow – (3) Lucy and (4) Ft. McMurray

RECENT DEVELOPMENTS

September 4, 2007: Chapman Engineering Report dated August 2007

Status of Publication of El 413 Report

> http://www.kodiakpetroleum.com/i/pdf/Chapman_Engineering_Report.pdf

. Updated from the 2005 Report – with analysis of seismic completed Q1 2007

. Two potential targets analyzed.

. Supports Kodiak continued development of these Projects

> Management discussion (President interview)

http://www.kodiakpetroleum.com/i/pdf/md-el413-aug242007.pdf

. Discussion of the shallow target and the potential drilling programs

. Discussion of development scenarios which might lead to early production by barge/truck

. Discussion of development scenarios which might lead to full scale production by pipeline

August 21, 2007: Kodiak Energy Announces $13.5 Million Financing

Proceeds from the Offering will be used by Kodiak towards the continued exploration of the Company's oil and gas properties,

. Namely additional Seismic program on the exciting "Little Chicago project" in the Northwest Territories,

. Seismic and Drilling on the New Mexico properties and other such prospects in various locations within Canada and the United States, and for working capital.

July 12, 2007: Kodiak Energy Announces it Has Entered Into a Binding Agreement to Acquire 100 Percent of the Assets of Thunder River for $27,000,000

. The purchase price is comprised of $1,000,000 in cash and $26,000,000 in common shares issued at the previously agreed price of $2.00 per share, which was set under the original share purchase agreement signed January 16, 2007.

. 6 million shares will be subject to performance of the assets. The balance of the shares issued will be subject to the applicable restrictions under SEC regulations.

. Under that agreement which was negotiated prior to completion of the 2007 winter seismic program, Kodiak would have effectively only acquired indirectly 57% of the assets

Thunder River is an Alberta private company with 2 principal major assets.

. Little Chicago or EL 413 comprising 200,000 acres in the Canadian Mackenzie River Valley Corridor in the North West Territories. A previous engineering study completed on EL 413, estimated a potential of up to 1 billion barrels and 600 bcf. The 2007 winter seismic, recently completed by Kodiak, has identified multiple new structures and potential drill targets. Additional seismic is being permitted to assist in finalizing drill locations for the next season.

. In addition to Little Chicago, Thunder through its subsidiary, CIMA Holding Inc. has 95% of 55,000 acres of P&NG leases in New Mexico. Natural gas potentials and commercial volumes of CO2 have been identified in existing wells on or adjacent to property, estimated at 587 bcf of CO2. This opportunity will provide for long term cash flow and growth. In addition, there are potential oil and helium resources at shallow depths offering the possibility of dynamic short term growth and significant near term cash flow.

INDUSTRY TRENDS

The rising price of crude oil and of natural gas renders a positive outlook for most domestic Exploration &Production companies who are leveraged to crude oil and natural gas in their asset mix.

IIn recent years, advanced, innovative technology on the exploration side of the Exploration & Production business has resulted in a sharp upswing in discovery rates.

Today, approximately eighty-five percent of newly drilled wells find hydrocarbons.

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Address: 734 7th Avenue S.W, Calgary, Suite 460, AB T2P 3P8, Canada

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

President: William Tighe

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

State or other jurisdiction of incorporation or organization: DE

Transfer Agent: Olde Monmouth Stock Transfer Co

Investor contact: Mark Hlady, CEO, (403) 262-8044

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TWO ‘COMPANY MAKER’ PROJECTS

Little Chicago, Northwest Territories

Located 170 km north of Norman Wells in the Mackenzie River Valley, north of British Columbia and Alberta, Canada

Potential for 1 billion bbls of OIP (shallow-medium structures) plus multi-TCF in the deeper structures

Little Chicago Evaluation, Resource Study by Chapman Engineering, August 2007

Two potential zones identified:

Devonian Bear Rock Prospect – Best Estimate 100.2 MSTB, risked; $483.8 MM (undiscounted); $124.6 MM (15% discount)

. Basal Cambrian Sand / Top Precambrian Prospect – Best Estimate 18 MSTB, risked; $63.6 MM (undiscounted); $11.6 MM (15% discount rate)

Total – 118 MSTB, risked; $547 MM (undiscounted); $136.2 MM (15% discount rate)

Kodiak will test both shallow and medium horizons with one well

. Deeper, large structure is indicated at 4,500 meter range – has not been considered in the evaluation

. No consideration given to infill drilling, enhanced recovery or solution gas conservation

. Chapman recommended Kodiak proceed with the work program

. Additional exploration, including seismic, gravity and geochemical studies recommended before drilling locations finalized. Primary production will be transported by truck and barge until the oil pipeline is built

Tucumcari Basin, NE New Mexico

Commercial volumes of CO2 identified (est. 200 Bcf of potential reserves) plus hydrocarbons and helium

. ‘Sofia’ and ‘Spear Draw’ prospects

. Kodiak has 100% of 55,000 acres

. Commercial volumes of CO2 have been found in existing wells

. Potential oil & gas and helium resources at shallow depth

. Existing pipeline on the property will allow for immediate production

. Substantial additional lands available at low cost

. Potential CO2 reserves at Sofia estimated in excess of 200 Bcf

. (Chapman Engineering)

. CO2 sells for US$2.00/mcf; virtually no lifting costs

. A rewarding combination of CO2, helium and oil & natural gas

Tucumcari Project

. New seismic and gravity data will be completed within 6 months (est. US$1 MM), followed up by a drilling program (US$1.5 MM)

. Drilling depth for shallow CO2 targets is 400 – 600m with deeper objectives at 1,300 – 2,000m

.Potential targets:

. Glorietta: approx. depth 400m, CO2 IP: 780 mcf/d

. Yeso Sand: approx. depth 500m, CO2 IP: 500 mcf/d

. Granite Wash (A): approx. depth 1300m, IP: 100bbl/d + 250mcf/d

. Granite Wash (B): approx. depth 1700m, IP: 200bbl/d + 250mcf/d

. Green contour indicates approximate size of gravity abnormalities (massive structures)

TWO DEVELOPMENT PROJECTS

Lucy, British Columbia

Potential 15 Bcf potential reserves (gross), 1,000-1,500 boe/d (net)

Existing 2D and 3D seismic covering the Lucy prospect indicates a possible Keg River lower level reef build up equivalent in age to the nearby Mel, Yoyo, and Sierra reefs. These reefs have produced 1.6 Tcf of gas to date(Internal estimate of potential Keg River reserves at 15 Bcf)

Lucy Project

. Est. well depth of 2,500m; drill and complete cost of $3 MM ($1.5 MM, net)

. Upon successful completion and test, well will be tied into an existing gas pipeline approximately 1 km away. Estimated tie-in cost of $1 MM ($500K, net).

. Two additional wells to follow upon success

Ft. McMurray, Alberta

64 sections (41,000 acres) targeting gas production for immediate sales to oil sands operations, Potential for 1 Billion Bbls of OIP

. Prospective recoverable resource ‘best estimate’ of 118 MSTB valued at $547MM (undiscounted, per Chapman Engineering NI 51-101 Report, assuming 80% W.I. to KDKN)

. 200,000 acres (gross)

. Husky (Tulita), Paramount (Coleville Lake) – major discoveries in the region

. Potential "world-class" oil/gas reserves at shallow-to-medium depth

. Numerous direct hydrocarbon indicators in the immediate area (oil & gas seeps)

. Kodiak is the operator and has the largest working interest in the project (56.25%) – option to earn up to 80% W.I. upon drilling

Kodiak reprocessed 50 km of pre- existing 2D seismic and shot an additional 84 km – completed on budget, on schedule

. 13 shallow drill targets identified, secondary medium depth target identified

. Winter 2007/08 – further seismic will firm-up additional drilling targets at medium depth

. Winter 2008/09 – drill & test 3 wells –expected to IP at 1,000 bbls/d/well (Chapman Engineering)

. Winter 2009 – convert exploration license to ‘Significant Discovery’ license

. Massive structures clearly identified on seismic and through gravity studies. Substantial closure, excellent source and reservoir characteristics

Ft. McMurray, Alberta Crown leases

41,000 acres (gross) adjacent Ft. McMurray, Kodiak has 50% W.I.

. Ft. McMurray lands located near existing infrastructure, pipelines, processing plants and highways – immediate market access

. The leases incorporate oil & gas (not oil sands) rights from base of the Devonian Woodbend formation to the basement

Ft. McMurray Project

. Shallow targets at 500 – 800m expected to be light oil bearing with excellent reservoir characteristics

. The geology is prospective for reef- type structures

. Seismic will be shot in Q4, 2007; additional existing seismic data will also be purchased ($300K, net)

. 6-8 well drilling program in Q4, 2008 with a budget of $500K (net) per well

. Expected to provide steady cash flow and production while Little Chicago and Tucumcari are developed

MANAGEMENT

Mark Hlady

Position: Director, Chairman Of The Board, Chief Executive Officer

. Mr. Hlady is an accomplished businessman and recognized name having served three terms as Member of the Legislative Assembly for Calgary-Mountain View of Alberta from June 1993 to November 2004.

. During his term in the Alberta Legislature Mr. Hlady served on many oil & gas and energy related committees including; Chair of the Standing Policy Committee on Energy and Sustainable Development for the Province of Alberta, Standing Policy Committee for Natural Resources of Alberta, Canadian Energy Research Institute (CERI),US Energy Council - Foreign Representative (Canada), Alberta Representative to the Alaska Highway Pipeline Committee, Alberta/Alaska Bilateral Council and Government Representative to the Alberta Land Surveyors Association. Mr. Hlady has a Bachelor of P.ED from the University of Calgary.

Wm S (Bill) Tighe

Position: Director, Chief Operating Officer and President

. Mr. Tighe's past experience involves more than 30 years in Operations, Maintenance, C&SU, Management and more recently Major/Minor Projects for both Canadian and other International Oil Companies. These experiences were in a variety of field settings from heavy oil in situ, sour gas/liquids plants in Alberta/British Columbia and the sub arctic, design offices, construction, Commissioning and Start up/ operation of large gas/liquids processing in South East Asia.

. Since 2004 Mr. Tighe has worked for Suncor Energy Ltd. as a Business Services/Integration Manager of the Growth Planning and Development Group. From 2000 until 2004 Mr. Tighe worked for Petro China International as Operations Development and Commissioning Manager Jabung. Mr. Tighe attended the University of Calgary where he studied general science and computer science. He holds an Inter-Provincial Power Engineering Certification II Class.

Glenn Watt

Position: Director, Vice President Operations

. Mr. Glenn Watt was the drilling and completions superintendent for a large royalty trust. He has worked primarily in the Western Canadian Sedimentary Basin. Prior to his current position Mr. Watt worked for other major oil & gas companies as a completions superintendent. He has additional field experience working on drilling rigs in Alberta and British Columbia.

. Mr. Watt 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 E. Brimacombe

Position: Chief Financial Officer

. Mr. Bill Brimacombe is a Chartered Accountant with over 35 years of financial management and reporting experience in the oil and gas industry.

. From 2001 until joining Kodiak, Mr. Brimacombe was the Vice-President Finance with AltaCanada Energy Corp., a public oil and gas company with interests in Alberta and Montana. Prior to that Mr. Brimacombe has held positions with various public oil and gas companies as Treasurer, Controller and Financial consultant. Mr. Brimacombe is a member of the Institute of Chartered Accountant of Alberta.

Peter A Schriber

Position: Director

Commerce degree from Switzerland

30+ years of management positions in banking sector

Graduated as a Fellow of the Institute of Canadian Bankers

Fellow in good standing with the Canadian Bankers association.

Vice president and Manager of Corporate Lending at a Swiss Bank in Canada - Retired

Director and Partner of a large Vancouver Stock brokerage Securities firm

Extensive experience in merchant and commercial banking, specializing in corporate finance.

Completed numerous financings, and private placements in Europe and North America. Mr. Schriber has established a large financial and institutional clientele in Switzerland

Independent financial consultant, managing private investor's portfolios, institutional and private investors, active in acquisitions and mergers including in raising equity and debt funds for private and public companies

Marvin J. Jones

Position: Director

Over 45 years of domestic and International Oil/Gas experience,

30 years at the management level with the drilling/work over contracting industry.

Recent and past assignments:

President of Trinidad Drilling

VP of Challenger International Services

VP of Thomson Industries

CAODC Honorary Life Membership Award

President of CAODC, and many other charitable and sports public organizations

Advisors to Board

Peter Gross

Peter Boyd

Greg Cave

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