PetroBakken Energy Ltd.
TSX : PBN

PetroBakken Energy Ltd.

October 18, 2009 22:40 ET

PetroBakken Confirms October 2009 Dividend

CALGARY, ALBERTA--(Marketwire - Oct. 18, 2009) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of October will be paid on November 16, 2009 to all PetroBakken shareholders of record on October 30, 2009. The October dividend will be $0.08 per PetroBakken share. The ex-dividend date is October 28, 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
    (403) 750-4400
    or
    PetroBakken Energy Ltd.
    Suite 1900, 111 - 5th Avenue S.W.,
    Calgary, Alberta, T2P 3Y6
    (403) 750-4400
    (403) 266-5794 (FAX)
    ir@petrobakken.com
    www.petrobakken.com