While at the booth, I asked Trevor to explain what a 43101 was and if understood correctly it is the regulatory requirement / process of calculating an estimated market value of the find.

Again, if I understood correctly, the process is meant to protect investors by forcing companies to follow a standard valuation process when trying to caculate the dollar value of their resource before they go to market and making wild financial claims.

Given that Kodiak's drilling is not yet complete they would not have gone through this process as of yet.

Would appreciate any feedback to know if I am on the right track. Thanks.