Kodiak Oil & Gas sees 2013 sales volume 29,000-31,000 BOE/d


At this time the company has two gross (1.6 net) wells on flowback, four gross (3.0 net) wells being completed, and anticipates that completion activities will commence on four gross (3.0 net) additional wells by year-end. Based on the company's anticipated 2012 exit rate, combined with activities contemplated under its 2013 CAPEX budget, Kodiak projects to average 29,000 to 31,000 BOE/d in sales volumes for the full-year 2013, which would exceed 80% year-over-year sales volumes growth. The projected exit rate for 2013 sales volumes is expected to range from 38,000 to 40,000 BOE/d.

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