Petrobank Energy and Resources Ltd.
TSX : PBG
OSLO STOCK EXCHANGE : PBG

Petrobank Energy and Resources Ltd.

May 05, 2008 00:27 ET

Whitesands Field Tour and Annual and Special Meeting

CALGARY, ALBERTA--(Marketwire - May 5, 2008) - Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG)(OSLO:PBG) confirms that, as previously announced, the annual and special meeting of the shareholders of Petrobank will be held on Wednesday, May 14, 2008 at 3:00 p.m. (Calgary time) in the Devonian Room of the Calgary Petroleum Club, 319 Fifth Avenue SW, Calgary, Alberta, Canada, T2P 0L5.

We are also pleased to announce that Petrobank shareholders are invited to participate in a Whitesands field tour on Thursday, May 15, 2008.

Whitesands Field Tour

The Whitesands site is located in the Conklin area of northeastern Alberta. The Whitesands field tour will depart from Calgary via charter aircraft at 8:00 am on Thursday, May 15, 2008 and will return to Calgary by 5:30 pm. This tour is available to shareholders on a first come, first served basis and participation is limited to 20 people. Participants will be responsible for their proportionate cost of round-trip air transportation.

Please contact Kimberley Osberg at (403) 750-4441 beginning Monday, May 5, 2008 at 9:00 am MST to confirm your participation and for further information.

Petrobank Energy and Resources Ltd.

Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Colombia. The Company operates high-impact projects through three business units and a technology subsidiary. The Canadian Business Unit is developing a solid production platform from low risk gas opportunities in central Alberta and an extensive inventory of Bakken light oil locations in southeast Saskatchewan, complemented by new exploration projects and a large undeveloped land base. The Latin American Business Unit, operated by Petrobank's 76% owned TSX-listed subsidiary, Petrominerales Ltd. (trading symbol: PMG), is a Latin American-based exploration and production company producing oil from three blocks in Colombia and has contracts on 15 exploration blocks covering a total of 1.6 million acres in the Llanos and Putumayo Basins. 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 and 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
    Vice-President Heavy Oil
    (403) 750-4400
    or
    Petrobank Energy and Resources Ltd.
    Corey C. Ruttan
    Vice-President Finance and Chief Financial Officer
    (403) 750-4400
    (403) 266-5794 (FAX)
    Email: ir@petrobank.com
    Website: www.petrobank.com