Kodiak Energy’s “Speculative Buy/4” Rating And US$ 6.00 Target Price Reaffirmed in SISM Research Update

NEW YORK--(BUSINESS WIRE)--(Investrend Research Syndicate) In a report dated April 11, 2008, Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has reiterated his "Speculative Buy/4" rating for Kodiak Energy, Inc. (OTCBB: KDKN) (TSX Venture: KDK) and maintains its 12-18 month target price of $6.00.

The full Update Report, including important disclosures and disclaimers, is available at http://www.sism.com and http://www.investrendresearch.com, or may be directly accessed via this link: http://www.investrend.com/Admin/Topics/Articles/Resources/39_ 1208177894.pdf. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company. (Due to its length, the URL above may need to be copied/pasted into your Internet browser's address field. Remove any extra spaces if they exist.)

According to analyst Schlotter:

“In early March, Kodiak Energy commenced its exploration program, consisting of drilling, testing, and seismic operations in New Mexico. Three wells were successfully drilled and showed the expected high quality CO² from the formations that were previously mapped. In addition, a third potentially productive formation, not seen in other offset wells, will be evaluated. The three wells will be completed by logging, perforating, and flow testing the productive formations in order to get the best data to support the development of the project. The completions operations are scheduled to be finished by the middle of April. The New Mexico asset could become a company-making asset. If economically successful, the Company could become a CO² producer by the end of 2008. Kodiak Energy is now beginning to delineate the project reserves, increasing value to maximum levels.

Schlotter added; “All together we have arrived at a heavily risked-adjusted Appraised Net Worth of $609.5 million or $6.01 per share. Our 12 to 18 month target price of $6.00 is based on around 1.00x P/ANW valuation metric.”

The company’s website is at http://www.kodiakpetroleum.com.

Additional information for investors is available at the company’s “InvestorPower™ Page”, accessible via http://www.investrend.com/company/list.asp?sPathParam=yes , and the company’s website is at http://www.kodiakpetroleum.com . Anyone interested in receiving alerts regarding Kodiak Energy research should email info@sism.com or firstalert@financialwire.net with “KDKN” in the subject line.

SISM Research is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in Europe.

SISM Research takes steps to ensure independence, including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct, the CFA-NIRI Guidelines (http://www.cfainstitute.org), the exacting “Standards for Independent Research Providers” (http://www.firstresearchconsortium.com) and in accordance with Guidance set forth by U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf. Additionally, analysts may not trade in any security under coverage.

Morgarten Financials, the Company’s IR firm, has retained and is paying SISM Research $1,850 per month over a two-year period to ensure independent coverage.

Please be aware that statements in this announcement that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.

The Investrend Research Syndicate distributes reports published by sources dedicated to unbiased, reliable analytics and complete transparency. The primary measure for determining those sources is the “Standards for Independent Research Providers” (http://www.firstresearchconsortium.com/standards.html). The Investrend Research Syndicate is a proprietary entity of Investrend Communications, Inc., a financial intelligence and information firm, serving the financial community with neutral platforms and fundamentally-based material since 1996.