PetroBakken Energy Ltd.
TSX : PBN

PetroBakken Energy Ltd.

February 15, 2012 16:37 ET

PetroBakken Confirms February Dividend

CALGARY, ALBERTA--(Marketwire - Feb. 15, 2012) - PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to announce that our cash dividend for the month of February will be paid on March 15, 2012 to all PetroBakken shareholders of record on February 29, 2012. The February dividend will be $0.08 per PetroBakken share. The ex-dividend date is February 27, 2012.

PetroBakken recently announced a Dividend Reinvestment Plan ("DRIP") that provides a convenient and cost-effective method for eligible shareholders to increase their investment in PetroBakken by reinvesting their monthly cash dividend to acquire additional common shares of PetroBakken. For further information regarding our DRIP, please visit PetroBakken's website at www.petrobakken.com or contact Olympia Trust Company at 403-668-8887, toll free at 1-800-727-4493 or via email at corporateactions@olympiatrust.com.

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
    403.218.6075 (FAX)
    ir@petrobakken.com
    www.petrobakken.com