Highlights
TSX: PBN       Petrobakken Energy Ltd
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0

Overview

 
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Business Background

PetroBakken Energy Ltd. (PetroBakken) is an oil and gas exploration and production company. PetroBakken's activity is focused in three main areas of western Canada; southeast Saskatchewan, central Alberta and northeast British Columbia. As December 31, 2011, PetroBakken hadover 499 gross (421 net) sections of land in the Bakken business unit, of which over 414 gross (355 net) sections represent Bakken formation rights, and has identified more than 700 net drilling locations, primarily in the Bakken and Mississippian formations. Effective January 1, 2012, the Company sold its non-core southeast Saskatchewan assets (the Non-Core Assets). In March 2012, Crescent Point Energy Corp. announced acquisition (the Bakken Acquisition) from PetroBakken of certain assets in the Viewfield Bakken light oil resource play in southeast Saskatchewan. On February 24, 2012, PetroBakken disposed of the Weyburn Assets.

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