PetroBakken Energy 2011 Q4 Results

Oil and Gas Investing

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

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

As quoted in the press release:

FINANCIAL & OPERATING HIGHLIGHTS
December 2011 production averaged 50,250 barrels of oil equivalent per day (“boepd”), exceeding our exit production guidance estimates and setting a new corporate benchmark. This is an 18% increase over December 2010.
Fourth quarter production was 48,007 boepd (87% light oil and liquids weighted), a 23% increase over the third quarter of 2011.

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