Petrobank Energy and Resources Ltd.
TSX : PBG

Petrobank Energy and Resources Ltd.

April 30, 2009 15:26 ET

Petrobank Annual General Meeting and Whitesands Field Tour

CALGARY, ALBERTA--(Marketwire - April 30, 2009) - Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG) announces that our annual general meeting of the shareholders will be held on Tuesday, May 12, 2009, at 2:00 pm in the Main Ballroom of the Metropolitan Centre, located at 333 - 4th Avenue S.W., Calgary, Alberta. All shareholders are cordially invited to attend. Petrobank's management and technical teams will be available starting at 1:00 pm to discuss each of Petrobank's major project areas and will also be available after the meeting for further discussion of our plans. A live audio webcast of the meeting will be available at http://w.on24.com/r.htm?e=143113&s=1&k=EA1AB6BFC032F66E49BDDA2F4662D77A.

In addition, Petrobank shareholders are invited to participate in a field tour of Petrobank's Whitesands site on Wednesday, May 13, 2009. The Whitesands project site is located in the Conklin area of northeastern Alberta. The Whitesands tour will depart from Calgary via charter aircraft at 7:00 am, on Wednesday May 13, 2009, and will return to Calgary at approximately 6:30 pm. The tour is limited to a maximum of 15 participants. Participants will be chosen in order of our receipt of their registration by telephone and each participant will be responsible for their proportionate cost of round-trip air transportation to the Whitesands site, estimated at $500. Should you wish to register for the Whitesands tour, please contact Kimberley Osberg at 403.750.4441, beginning Monday, May 4, 2009 at 9:00 am Mountain time.

Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Latin America. The Company operates high-impact projects through three business units and a technology subsidiary. The Canadian Business Unit is focused on developing a solid production platform from the Bakken light oil play in southeast Saskatchewan, and exploiting a large undeveloped land base through the application of new technology to large oil and gas resource opportunities. The Latin American Business Unit, operated by Petrobank's 76.8% owned TSX-listed subsidiary, Petrominerales Ltd. (TSX:PMG), is a Latin American-based exploration and production company producing oil in Colombia with 16 exploration blocks covering a total of 1.9 million acres in the Llanos and Putumayo Basins of Colombia and 2.6 million acres in the Ucayali Basin of Peru. Whitesands Insitu Partnership, a partnership between Petrobank and its wholly-owned subsidiary Whitesands Insitu Inc., owns 75 net sections of oil sands leases in Alberta, 36 sections of oil sands licenses in Saskatchewan and operates the Whitesands project which is field-demonstrating Petrobank's patented THAI™ heavy oil recovery process. THAI™ is an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil that integrates existing proven technologies and provides the opportunity to create a step change in the development of heavy oil resources globally. THAI™ and CAPRI™ are registered trademarks of Archon Technologies Ltd., a wholly-owned subsidiary of Petrobank.

Contact Information

  • Petrobank Energy and Resources Ltd.
    John D. Wright
    President and Chief Executive Officer
    (403) 750-4400
    or
    Petrobank Energy and Resources Ltd.
    Chris J. Bloomer
    Senior Vice President and Chief Financial Officer
    (403) 750-4400
    or
    Petrobank Energy and Resources Ltd.
    Corey C. Ruttan
    Vice-President Finance
    (403) 750-4400
    or
    Petrobank Energy and Resources Ltd.
    R. Gregg Smith
    Senior Vice President and Chief Operating Officer, Canada
    (403) 750-4400
    (403) 266-5794 (FAX)
    Email: ir@petrobank.com
    Website: www.petrobank.com