Item 5.02 Election of Directors and Appointment of Principal Officers

On November 5, 2009, the Company announced that David Wilson has been appointed Vice-President Finance of the Company and CFO of Cougar Energy, Inc., Kodiak's majority-controlled subsidiary company, effective November 2, 2009.

Mr. Wilson has over twenty years of professional accounting experience with various public and private oil and gas exploration companies, both domestically and internationally. He has expertise in accounting, securities and regulatory standards for publicly traded companies including U.S. GAAP and Canadian IFRS. He obtained his Certified Management Accountant designation from the Alberta Society of Management Accountants.

Mr. Wilson's compensation will include an annual salary of Cdn. $125,000. Mr. Wilson will also be issued stock options aggregating 300,000 common shares of the Company at an exercise price per share based on the closing market price on day of acceptance and 100,000 common shares of Cougar at an exercise price of $1.30 per share. Both the Kodiak and Cougar options will become exercisable one third in each of the first three years of a five year term.

Item 9.01 Financial Statements and Exhibits.

(a) Financial statements of business acquired. Not applicable

(b) Pro forma financial information. Not applicable

(c) Exhibits.
99.1 Press Release dated November 5, 2009.