Monday, July 18, 2011

KOG To Offer 20 Million New Shares -- Bakken, North Dakota, USA

Updates

July 20, 2011: Even with new issue, Morgan Keagan upgrades KOG from market perform to outperform. 

July 19, 2011: I don't have the link yet, but folks are telling me the offering has increased to 24 million; price will be set at $6.10. See comments below.

Original Post

Link here.

With just over 179 million shares currently outstanding, another 20 million represents about 11 percent of existing shares. With "options," as many as 23 million new shares could be sold.
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2 comments:

  1. AnonymousJuly 18, 2011 at 11:56 PM

    Update tonight...

    Kodiak Oil & Gas announces upsizing and pricing of common stock offering; co raises share offering to 24 mln shares from 20 mln at a price of $6.10
    7:08 pm ET 07/18/2011 - Briefing.com

    BTW love your dedication to your blog. Very informative!!!

    ReplyDelete
  2. Bruce OksolJuly 19, 2011 at 10:43 AM

    Thank you for the update. I was gone yesterday and fell behind in updates.

    I will post a bit today, but not much.

    Thank you for your kind comments.

    ReplyDelete

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