Petrobank Reports Q4 2009 Funds Flow

Petrobank Energy and Resources Ltd. (TSX:PBG) reported 2009 fourth quarter financial and operating results highlighted by funds flow from operations of $2.65 per diluted share and net income of $0.56 per diluted share.

The press release is quoted as saying:

Petrobank’s results include the financial and operating results of PetroBakken Energy Ltd. (“PetroBakken”) (TSX:PBN), 64% owned by Petrobank, and Petrominerales Ltd. (“Petrominerales”) (TSX:PMG), 66% owned by Petrobank. PetroBakken announced fourth quarter and 2009 year end financial and operating results on March 4, 2010. PetroBakken’s fourth quarter results include the results of TriStar Oil and Gas Ltd. (“TriStar”) that was acquired on October 1, 2009.

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