Oil and Gas

PetroBakken Energy Ltd. (TSX:PBN) reported its 2011 third quarter financial and operating results.

PetroBakken Energy Ltd. (TSX:PBN) reported its 2011 third quarter financial and operating results.

As quoted in the press release:

PetroBakken third quarter 2011 financial and operating results were highlighted by funds flow from operations of $152.4 million ($0.81 per basic share and $0.76 per diluted share), a top decile operating netback of $50.04 per barrel of oil equivalent (“boe”) and average production of 39,074 barrels of oil equivalent per day (“boepd”) (85% light oil and NGLs).

Click here to read the PetroBakken Energy Ltd. (TSX:PBN) press release

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