PetroBakken Completes Acquisition of Result Energy
Investing News Network - April 2nd, 2010
PetroBakken Energy Ltd. (TSX:PBN), a 58% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), and Result Energy Inc. (TSX VENTURE:RTE) reported the closing today of the acquisition of Result by PetroBakken.
PetroBakken Energy Ltd. (TSX:PBN), a 58% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), and Result Energy Inc. (TSX VENTURE:RTE) reported the closing today of the acquisition of Result by PetroBakken.
The press release is quoted as saying:
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.