PetroBakken Energy Ltd.
TSX : PBN

PetroBakken Energy Ltd.

August 15, 2011 16:18 ET

PetroBakken Confirms August Dividend

CALGARY, ALBERTA--(Marketwire - Aug. 15, 2011) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of August will be paid on September 15, 2011 to all PetroBakken shareholders of record on August 31, 2011. The August dividend will be $0.08 per PetroBakken share. The ex-dividend date is August 29, 2011.

PetroBakken Energy Ltd. is an oil and gas exploration and production company combining light oil Bakken and Cardium resource plays with conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. PetroBakken is applying leading edge technology to a multi-year inventory of Bakken and Cardium light oil development locations, along with a significant inventory of 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
    President and Chief Executive Officer
    (403) 268.7800

    PetroBakken Energy Ltd.
    Peter D. Scott
    Senior Vice President and Chief Financial Officer
    (403) 268.7800

    PetroBakken Energy Ltd.
    R. Gregg Smith
    Senior Vice President and Chief Operating Officer
    (403) 268.7800

    PetroBakken Energy Ltd.
    William A. Kanters
    Vice President Capital Markets
    (403) 268.7800
    ir@petrobakken.com
    www.petrobakken.com