Kodiak Oil & Gas Corp. to Voluntarily De-list From TSX Venture Exchange

DENVER, April 19  /PRNewswire-FirstCall/ -- Kodiak Oil & Gas Corp. (Amex: KOG; TSXV) an oil and gas exploration and production company with assets in the Green River and Williston Basins, today announced that it has notified the TSX Venture Exchange that it intends to voluntarily de-list its shares from the TSX Venture Exchange at the close of business on April 20, 2007.

Since its listing on the American Stock Exchange (AMEX) in June 2006, Kodiak's trading volume on the TSX Venture has dropped when compared to its volume on the AMEX.  In addition, the number of U.S. shareholders has risen while the number of Canadian shareholders has declined.  As a result, the Company believes the dual listing does not provide significant additional liquidity.  Kodiak's listing on the AMEX will continue to provide an active market in the Company's stock and will be accessible to all shareholders regardless of the country in which they reside.

About Kodiak Oil & Gas Corp.

Kodiak Oil & Gas, headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains.  For further information, please visit http://www.kodiakog.com/. The common shares of the Company are listed for trading on the American Stock Exchange and the TSX Venture Exchange under the symbol "KOG."

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. 

DATASOURCE: Kodiak Oil & Gas Corp.



CONTACT:  Mr. Lynn A. Peterson, President of Kodiak Oil & Gas Corp.,

[phone]; or Mr. David Charles of EnerCom, Inc., [phone], for

Kodiak Oil & Gas Corp.; or Ms. Heather Colpitts, Associate Account Manager of

CHF Investor Relations, [phone], ext. 223, for Kodiak Oil & Gas Corp.



Web site:  http://www.kodiakog.com/ 

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