PetroBakken Energy Ltd.
TSX : PBN

PetroBakken Energy Ltd.

May 17, 2010 18:31 ET

PetroBakken Confirms May Dividend

CALGARY, ALBERTA--(Marketwire - May 17, 2010) - PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (TSX:PBN) is pleased to announce that our cash dividend for the month of May will be paid on June 15, 2010 to all PetroBakken shareholders of record on May 31, 2010. The May dividend will be $0.08 per PetroBakken share. The ex-dividend date is May 27, 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 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, Chairman of the Board of Directors
    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.
    Peter D. Scott
    Senior Vice President and Chief Financial Officer
    403.750.4400
    or
    PetroBakken Energy Ltd.
    William A. Kanters
    Vice President Business Development and Corporate Planning
    403.750.4400
    ir@petrobakken.com
    www.petrobakken.com