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

    DENVER, April 19 /CNW/ -- 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 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.

For further information:

For further information: Mr. Lynn A. Peterson, President of Kodiak Oil &
 Gas Corp., +1-303-592-8075; or Mr. David Charles of EnerCom, Inc., 
+1-303-296-8834, for Kodiak Oil & Gas Corp.; or Ms. Heather Colpitts,
Associate  Account Manager of CHF Investor Relations, +1-416-868-1079, ext.
223, for Kodiak  Oil & Gas Corp. Web Site: http://www.kodiakog.com

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Kodiak Oil & Gas Corp.

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