PetroBakken Energy Ltd.
TSX : PBN

PetroBakken Energy Ltd.

February 16, 2010 19:56 ET

PetroBakken Confirms February Dividend

CALGARY, ALBERTA--(Marketwire - Feb. 16, 2010) - PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (TSX:PBN) is pleased to announce that our cash dividend for the month of February will be paid on March 15, 2010 to all PetroBakken shareholders of record on February 28, 2010. The February dividend will be $0.08 per PetroBakken share. The ex-dividend date is February 24, 2010.

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 and the Cardium in Alberta. 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
    (403) 750-4400
    or
    PetroBakken Energy Ltd.
    Peter D. Scott
    Vice President, Finance
    (403) 750-4400
    or
    PetroBakken Energy Ltd.
    Bill Kanters
    Vice President, Business Development and Corporate Planning
    (403) 750-4400
    ir@petrobakken.com
    www.petrobakken.com