================================================================================

                                              ----------------------------------

                                                         OMB APPROVAL
                                              ----------------------------------
                                              OMB Number:              3235-0058
                                              Expires:          January 31, 2005
                                              Estimated average burden
                                              Hours per form................2.50
                                              ----------------------------------

                                              ----------------------------------

                                              SEC FILE NUMBER: 000-33211
                                              CUSIP NUMBER: 92846Y-10-0
                                              ----------------------------------

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                           NOTIFICATION OF LATE FILING

      (Check One): |_| Form 10-K and Form 10-KSB |_| Form 11-K 9 Form 20-F
                   |X| Form 10-Q and Form 10-QSB |_| Form N-SAR

                  For Period Ended: March  31, 2006
                                    ---------------
                  [  ] Transition Report on Form 10-K
                  [  ] Transition Report on Form 20-F
                  [  ] Transition Report on Form 11-K
                  [  ] Transition Report on Form 10-Q
                  [  ] Transition Report on Form N-SAR
                  For the Transition Period Ended: __________________________

- --------------------------------------------------------------------------------
            Read Instructions (on back page) Before Preparing Form.
                              Please Print or Type.

    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.
- --------------------------------------------------------------------------------

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

- --------------------------------------------------------------------------------

                         PART I - REGISTRANT INFORMATION

                               KODIAK ENERGY, INC.
- --------------------------------------------------------------------------------
                             Full Name if Applicable

- --------------------------------------------------------------------------------
                            Former Name if Applicable

         734 7th Avenue, SW, Suite 460, Calgary, Alberta T2P 3P8 Canada
- --------------------------------------------------------------------------------
            Address of Principal Executive Office (Street and Number)

- --------------------------------------------------------------------------------

                       PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

          (a)  The reasons described in reasonable detail in Part III of this
               form could not be eliminated without unreasonable effort or
               expense;

|X|       (b)  The subject annual report, semi-annual report, transition report
               on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof,
               will be filed on or before the fifteenth calendar day following
               the prescribed due date; or the subject quarterly report or
               transition report on Form 10-Q or Form 10-QSB or portion thereof
               will be filed on or before the fifth calendar day following the
               prescribed due date; and

          (c)  The accountant's statement or other exhibit required by Rule
               12b-25(c) has been attached if applicable.





                              PART III - NARRATIVE

State below in reasonable detail the reasons why the Forms 10-K, 10-KSB, 20-F,
11-K, 10-Q, 10-QSB, NBSAR, or the transition report or portion thereof, could
not be filed within the prescribed time period. (Attach Extra Sheets if Needed)

The Company has access to limited internal and external accounting resources and
could not complete the quarterly report on Form 10-QSB for the quarter ended
March 31, 2005 without unreasonable effort and expense.

                           PART IV - OTHER INFORMATION


(1)  Name and telephone number of person to contact in regard to this
     notification

             Mark Hlady            (403)               262-8044
             ----------         -----------       ------------------
               (Name)           (Area Code)       (Telephone Number)


(2)  Have all other periodic reports required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter period that the
     registrant was required to file such report(s) been filed? If answer is no,
     identify report(s)

     |X| Yes |_| No

(3)  Is it anticipated that any significant change in results of operations from
     the corresponding period for the last fiscal year will be reflected by the
     earnings statements to be included in the subject report or portion
     thereof?

          |_| Yes |X| No


     If so, attach an explanation of the anticipated change, both narratively
     and quantitatively, and, if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

- --------------------------------------------------------------------------------

                               KODIAK ENERGY, INC.
                               -------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date:    May 15, 2006                       By: /s/ Mark Hlady
       ----------------                     ---------------------------------
                                                Mark Hlady, CEO

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION
- --------------------------------------------------------------------------------
Intentional  misstatements  or omissions  of fact  constitute  Federal  Criminal
Violations (See 18 U.S.C. 1001).
- --------------------------------------------------------------------------------


- --------------------------------------------------------------------------------