Petrobank Energy and Resources Ltd. is pleased to announce the commissioning and commencement of air injection at our Kerrobert THAITM heavy oil project. This project applies the THAI™ technology in a conventional heavy oil reservoir at Kerrobert, Saskatchewan. Initially a two-well project, Kerrobert is a 50/50 joint venture with Baytex Energy Trust.
Tuesday, October 27th, 2009
Thursday, October 1st, 2009
PETROBAKKEN COMPLETES PLAN OF ARRANGEMENT WITH TRISTAR
PetroBakken Energy Ltd. (TSX: PBN), Petrobank Energy and Resources Ltd. (TSX:PBG), and TriStar Oil & Gas Ltd. (TSX:TOG) are pleased to announce the closing of the plan of arrangement whereby the companies have completed a strategic combination of TriStar and Petrobank’s Canadian Business Unit. The combination has resulted in PetroBakken, a new publicly listed company, that is a premier, Bakken-focused, light oil exploration and production company. It is anticipated that the PetroBakken shares will commence trading on the Toronto Stock Exchange (“TSX”) under the symbol “PBN”, on or about October 6, 2009.
Thursday, August 13th, 2009
PETROBANK RECORDS SECOND QUARTER NET INCOME OF $34.7 MILLION
Petrobank Energy and Resources Ltd. is pleased to announce our second quarter 2009 financial and operating results, highlighted by production of 41,127 barrels of oil equivalent per day (“boepd”), funds flow from operations of $150.4 million ($1.64 per diluted share), and net income of $34.7 million ($0.40 per diluted share).
Wednesday, August 12th, 2009
PETROBANK SECOND QUARTER INVESTOR CONFERENCE CALL
Petrobank Energy and Resources Ltd. (“Petrobank”) (TSX: PBG) announces that management will be holding a conference call for investors, financial analysts, media and any interested persons on Thursday, August 13, 2009 at 9:00am (Mountain Time) to discuss Petrobank’s second quarter 2009 financial and operating results.
Tuesday, August 4th, 2009
PETROBANK AND TRISTAR TO CREATE A PREMIER SOUTHEAST SASKATCHEWAN BAKKEN AND LIGHT OIL PRODUCER
Petrobank Energy and Resources Ltd. and TriStar Oil & Gas Ltd. are pleased to announce that their respective Boards of Directors have unanimously agreed to the strategic combination of TriStar and Petrobank’s Canadian Business Unit. The combination will create a new publicly listed company, PetroBakken Energy Ltd., that will be a premier, Bakken-focused, light oil exploration and production company. PetroBakken is expected to trade on the TSX under the symbol “TSX:PBN” immediately following the successful completion of the Transaction.