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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.
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