Kodiak Energy Inc (KDKN)

Description:

Kodiak Energy, Inc. was incorporated in Delaware on December 15, 1999. On December 22, 1999, it merged with Island Critical Care Corp., an inactive Florida corporation. The purpose of this merger was to effect a change in the domicile of the Florida Corporation to Delaware. Island Critical Care Corp., was originally incorporated on March 15, 1996 under the name 9974 Holdings Inc., and later changed its name from 9974 Holdings Inc. to Ontario Midwestern Railway Co. Inc, and finally the Florida Corporation's name was changed to Midwestern Railway Co. Inc. All three changes in name of the Florida Corporation were completed prior to its merger with the Delaware Corporation. On January 13, 2000, Kodiak merged with Island Critical Care Corporation, an Ontario Corporation. On December 27, 2004 it changed its name from Island Critical Care to Kodiak Energy, Inc. The Company is an exploration stage oil and gas company that devotes most of its efforts in exploring for natural resources and, since 2005, has been active in Canada and the United States in acquiring properties that are prospective for petroleum and natural gas and related hydrocarbons. The Company currently has no oil and gas reserves or production. The Company competes with oil and natural gas companies and other individual producers and operators, many of which have longer operating histories and substantially greater financial and other resources than it does. It competes with companies in other industries supplying energy, fuel and other needs to consumers. The Company's business is governed by numerous laws and regulations at various levels of government. These laws and regulations govern the operation and maintenance of its facilities, the discharge of materials into the environment and other environmental protection issues.