Kodiak Oil & Gas Corp. - 2011-07-18

With respect to the first lien senior secured revolving credit facility, the amount available to the company for borrowing was increased to $110 million from the previously available $75 million. The company also increased the borrowings under its second lien senior secured term loan by $15 million to a total of $55 million. The additional $15 million borrowed under this term loan was applied to reduce the outstanding balance of the Company's first lien senior secured revolving credit facility. As a result, the principal amount of the company's current borrowings under the first lien senior secured revolving credit facility and the second lien senior secured term loan are $60 million and $55 million, respectively.