EX-12.1 3 a2211288zex-12_1.htm EX-12.1
QuickLinks -- Click here to rapidly navigate through this document


Exhibit 12.1


KODIAK OIL & GAS CORP.
RATIO OF EARNINGS TO FIXED CHARGES

 
    
   For the years ended December 31,  
 
   For the six
months ended
June 30, 2012 		 
 
   2011   2010   2009   2008   2007  
 
   (in thousands)
   (in thousands)
  

Pretax income (loss) from continuing operations

   $ 120,736   $ 3,875   $ (2,402 ) $ (2,563 ) $ (56,498 ) $ (38,186 )

Add: Fixed charges

     32,755     27,475     565     36     22     13  

Add: Amortization of capitalized interest

     820     241     —     —     —     —  

Less: Capitalized interest

     (24,500 )   (8,374 )   (470 )   —     —     —  
                           

Earnings before fixed charges

   $ 129,810   $ 23,217   $ (2,307 ) $ (2,527 ) $ (56,476 ) $ (38,173 )
                           

Fixed charges

                                      

Estimated interest component of rent

     60     111     12     11     15     13  

Capitalized interest

     24,500     8,374     470     —     —     —  

Interest expense

     8,195     18,990     83     25     7     —  
                           

Total Fixed charges

   $ 32,755   $ 27,475   $ 565   $ 36   $ 22   $ 13  
                           

Ratio of Earnings to Fixed charges

     3.96     —     —     —     —     —  

Insufficient coverage

   $ —   $ (4,258 ) $ (2,872 ) $ (2,563 ) $ (56,498 ) $ (38,186 )



QuickLinks

KODIAK OIL & GAS CORP. RATIO OF EARNINGS TO FIXED CHARGES