The company improved its financial position over the quarter, posting a net income of $29.1 million in the March quarter. This fares favourably when compared to the $19 million net income from the March quarter of 2013.
From November 2013 to February 2014, North Dakota was colder than usual, slowing down completion and workover activities on Kodiak-operated and non-operated activities which caused “lower than expected first quarter production”.
The
