Kodiak Energy, Inc. and Subsidiary Cougar Energy, Inc. Update to CREEnergy Project
25 Setembro 2009 - 8:00AM
Marketwired
Kodiak Energy, Inc. (TSX VENTURE: KDK) (OTCBB: KDKN) ("Kodiak" or
the "Corporation") and majority controlled subsidiary, Cougar
Energy, Inc. (Cougar), presents an update to the CREEnergy Project.
This is in reference to the press release issued today by
Bigstone Cree Nation and represented to be by the First Nations
communities of Peerless Lake and Trout Lake.
As recently as today, Kodiak and Cougar have been in discussions
with CREEnergy Oil and Gas Ltd. (CREEnergy) and confirm that the
press release from the Bigstone Cree Nation was not sanctioned by
the Chiefs and communities of Peerless Lake and Trout Lake. Kodiak
and Cougar restate that we have valid and legal agreements with
CREEnergy, who in turn has valid and legal agreements with the
communities of Peerless Lake and Trout Lake. We look forward to
working with the First Nations peoples of these communities going
forward.
Kodiak and Cougar have reviewed our documentation with the
Alberta Securities Commission, other regulatory bodies, and our
legal counsel, and are confident going forward with these
agreements. Furthermore, Kodiak and Cougar question the motivation
for the Bigstone Cree Nation press release and will respond
appropriately to protect the interests of Kodiak and Cougar, if
necessary.
About Cougar: Cougar Energy, Inc. is based in Calgary, Alberta
Canada and a privately held subsidiary of parent company, Kodiak
Energy, Inc. The focus is on the exploration and development of
Canadian based onshore oil and gas properties. The current projects
are Lucy in the Horn River Basin in northeast British Columbia and
CREEnergy Joint Venture and area projects located in north central
Alberta. Additional information on the Lucy and CREEnergy projects
are available at http://www.cougarenergyinc.com.
About Kodiak: Kodiak Energy, Inc. is a Calgary, Alberta, Canada
based publicly traded oil and gas exploration and development
company focused on developing and exploring onshore oil, gas and
CO2 properties within North America. Our main prospect is located
in the northeast New Mexico. Through our private subsidiary, Cougar
Energy, Inc., we are developing the projects of Lucy in the Horn
River Basin in northeast British Columbia and CREEnergy Joint
Venture and area projects located in north central Alberta.
Additional information on Kodiak is at
http://www.kodiakpetroleum.com.
Forward-looking Statements: This press release contains
forward-looking statements. The words or phrases "would be," "will"
"intends to," "will likely result," "are expected to," "will
continue," "is anticipated," "estimate," or similar expressions are
intended to identify "forward-looking statements". The
Corporation's business is subject to various other risks and
uncertainties, which may be described in its corporate filings
(www.sec.gov and www.sedar.com). Statements made herein are as of
the date of this press release and should not be relied upon as of
any subsequent date. The Corporation cautions readers not to place
reliance on such statements. Kodiak undertakes no obligation to
update or publicly revise forward looking statements or information
unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kodiak Energy, Inc. Wm (Bill) S. Tighe President and
CEO (403) 262-8044 info@kodiakpetroleum.com www.kodiakpetroleum.com
or www.cougarenergyinc.com
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