PetroBakken Energy Ltd.
TSX : PBN

PetroBakken Energy Ltd.

December 17, 2009 11:40 ET

PetroBakken Confirms December Dividend

CALGARY, ALBERTA--(Marketwire - Dec. 17, 2009) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of December will be paid on January 15, 2010 to all PetroBakken shareholders of record on December 31, 2009. The December dividend will be $0.08 per PetroBakken share. The ex-dividend date is December 29, 2009.

PetroBakken Energy Ltd. is a premier light oil production company combining high growth, long-life Bakken reserves and production with legacy conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. PetroBakken has a multi-year inventory of Bakken and light oil development locations, along with significant future development opportunities in the Horn River and Montney gas resource plays in northeast BC. Our strategy is to deliver accretive production and reserves growth, along with an attractive dividend yield.

Contact Information

  • PetroBakken Energy Ltd.
    John D. Wright
    Chairman of the Board and Chief Executive Officer
    (403) 750-4400
    or
    PetroBakken Energy Ltd.
    R. Gregg Smith
    President and Chief Operating Officer
    (403) 750-4400
    or
    PetroBakken Energy Ltd.
    Corey C. Ruttan
    Executive Vice President and Chief Financial Officer
    and Director
    (403) 750-4400