Petrobank Energy and Resources Ltd. is pleased to announce that holders (“Noteholders”) of Petrobank’s US$400 million principal amount convertible notes (“Notes”) have agreed to convert US$250.7 million principal amount of Notes to common shares of Petrobank in accordance with such Noteholders’ existing conversion right and the previously announced early conversion period (“Early Conversion Period”). The amount of Notes to be converted to common shares pursuant to the Early Conversion Period represents 63% of the outstanding Notes.
Friday, January 8th, 2010
Thursday, January 7th, 2010
PETROBANK CONVERTIBLE NOTE EARLY CONVERSION PERIOD
Petrobank Energy and Resources Ltd. announces an early conversion period for holders of Petrobank’s US$400 million principal amount of convertible notes (“Notes”) due July 10, 2015, such Notes issued pursuant to the loan agreement (“Loan Agreement”) between Petrobank and Norsk Tillitsmann ASA, dated July 7, 2009. The Early Conversion Period process will be managed for Petrobank by ABG Sundal Collier Norge ASA.
Thursday, January 7th, 2010
PETROBANK RAMPS UP THAI™ OPERATIONS
Petrobank Energy and Resources Ltd. is pleased to provide an update on our THAI™ projects.
Wednesday, November 11th, 2009
PETROBANK RECORDS THIRD QUARTER NET INCOME OF $54.8 MILLION
Calgary, Alberta – November 11, 2009 – Petrobank Energy and Resources Ltd. is pleased to announce our third quarter 2009 financial and
operating results, highlighted by production of 39,427 barrels of oil equivalent per day (“boepd”), funds flow from operations of $142.9 million ($0.56 per diluted share), and net income of $54.8 million ($1.42 per diluted share).
Wednesday, November 11th, 2009
PETROBANK AND PETROBAKKEN THIRD QUARTER 2009 INVESTOR CONFERENCE CALL
Petrobank Energy and Resources Ltd. and PetroBakken Energy Ltd. announce that management of both companies will be holding a joint conference call for investors, financial analysts, media and any interested persons on Thursday, November 12, 2009 at 9:00 a.m. (Mountain Time) to discuss Petrobank and PetroBakken’s third quarter 2009 financial and operating results.