Kodiak Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006	2001 - 2005
Period Ending	Sep '11 Sep 30, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	2001 - 2005
Cash & Equivalents	0.03	0.02	0	0.08	8.98	0.45	Upgrade
Cash & Short-Term Investments	0.03	0.02	0	0.08	8.98	0.45	Upgrade
Cash Growth	-43.04%	810.35%	-97.26%	-99.16%	1903.74%	135.17%	Upgrade
Accounts Receivable	0.11	0.08	0.08	-	0.01	0.03	Upgrade
Other Receivables	0.57	0.51	0.32	0.06	1.13	0.11	Upgrade
Receivables	0.67	0.59	0.4	0.06	1.14	0.14	Upgrade
Prepaid Expenses	0.17	0.15	0.15	0.11	0.09	0.03	Upgrade
Other Current Assets	-	-	-	-	0.08	0.72	Upgrade
Total Current Assets	0.88	0.75	0.56	0.25	10.29	1.33	Upgrade
Property, Plant & Equipment	31.02	28.45	30.8	36.63	27.54	1.33	Upgrade
Other Long-Term Assets	0.3	0.31	0.3	0.29	0.36	0.05	Upgrade
Total Assets	32.19	29.52	31.66	37.17	38.19	2.71	Upgrade
Accounts Payable	4.42	2.05	2.27	0.98	1.55	0.59	Upgrade
Accrued Expenses	0.11	0.68	0.28	0.12	0.76	0.27	Upgrade
Short-Term Debt	2.19	2.06	1.36	0.03	-	-	Upgrade
Current Portion of Long-Term Debt	1.7	0.81	0.54	-	-	-	Upgrade
Other Current Liabilities	-	-	-	-	0.98	-	Upgrade
Total Current Liabilities	8.42	5.61	4.45	1.14	3.28	0.86	Upgrade
Long-Term Debt	2.83	2.77	3.4	0.04	0.11	-	Upgrade
Other Long-Term Liabilities	1.82	1.47	1.29	0.2	0.15	0.09	Upgrade
Total Liabilities	13.07	9.85	9.14	1.38	3.54	0.95	Upgrade
Common Stock	0.13	0.12	0.11	0.11	0.11	0.09	Upgrade
Additional Paid-In Capital	58.62	54.63	50.85	49.3	41.52	5.21	Upgrade
Retained Earnings	-38.49	-35.24	-28.28	-8.71	-6.64	-4.06	Upgrade
Comprehensive Income & Other	-1.09	-0.26	-0.42	-4.9	-0.34	0.52	Upgrade
Total Common Equity	19.17	19.25	22.26	35.79	34.65	1.76	Upgrade
Minority Interest	-0.05	0.41	0.26	-	-	-	Upgrade
Shareholders' Equity	19.12	19.67	22.52	35.79	34.65	1.76	Upgrade
Total Liabilities & Equity	32.19	29.52	31.66	37.17	38.19	2.71	Upgrade
Total Debt	6.72	5.65	5.3	0.07	0.11	-	Upgrade
Net Cash (Debt)	-6.68	-5.63	-5.3	0	8.87	0.45	Upgrade
Net Cash Growth	-	-	-	-99.97%	1878.99%	199.97%	Upgrade
Net Cash Per Share	-0.05	-0.05	-0.05	0.00	0.09	0.01	Upgrade
Filing Date Shares Outstanding	129.68	119.68	110.41	110.02	106.69	89.95	Upgrade
Total Common Shares Outstanding	129.68	119.68	110.41	110.02	106.69	89.95	Upgrade
Working Capital	-7.54	-4.86	-3.89	-0.89	7.01	0.47	Upgrade
Book Value Per Share	0.15	0.16	0.20	0.33	0.32	0.02	Upgrade
Tangible Book Value	19.17	19.25	22.26	35.79	34.65	1.76	Upgrade
Tangible Book Value Per Share	0.15	0.16	0.20	0.33	0.32	0.02	Upgrade
Machinery	0.05	0.06	0.06	0.15	0.13	0.07	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.