Kodiak Oil & Gas Corp. - 2010-12-14

Closed a public offering of 28.75 million shares of common stock, which includes the full exercise of the underwriters' over-allotment option of 3.75 million shares. All shares were sold at a price of $5.50 per share. Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets Inc. and Wells Fargo Securities LLC were joint book-running managers. Net proceeds will be used to pay debt; to fund capital expenditures related to drilling, development and infrastructure, principally in the Bakken play in North Dakota; and for general corporate purposes.