PetroBakken Confirms March Dividend
March 15 2012 - 6:03PM
Marketwired
PetroBakken Energy Ltd. ("PetroBakken") (TSX:PBN) is pleased to
announce that our cash dividend for the month of March will be paid
on April 16, 2012 to all PetroBakken shareholders of record on
March 31, 2012. The March dividend will be $0.08 per PetroBakken
share. The ex-dividend date is March 28, 2012.
PetroBakken recently announced a Dividend Reinvestment Plan
("DRIP") that provides a convenient and cost-effective method for
eligible shareholders to increase their investment in PetroBakken
by reinvesting their monthly cash dividend to acquire additional
common shares of PetroBakken. For further information regarding our
DRIP, please visit PetroBakken's website at www.petrobakken.com or
contact Olympia Trust Company at 403-668-8887, toll free at
1-800-727-4493 or via email at
corporateactions@olympiatrust.com.
PetroBakken Energy Ltd. is an oil and gas exploration and
production company combining light oil Bakken and Cardium resource
plays with conventional light oil assets, delivering industry
leading operating netbacks, strong cash flows and production
growth. PetroBakken is applying leading edge technology to a
multi-year inventory of Bakken and Cardium light oil development
locations, along with a significant inventory of opportunities in
the Horn River and Montney gas resource plays in northeast BC. Our
strategy is to deliver accretive production and reserves growth,
along with an attractive dividend yield.
Contacts: PetroBakken Energy Ltd. John D. Wright President and
Chief Executive Officer (403) 268.7800 PetroBakken Energy Ltd.
Peter D. Scott Senior Vice President and Chief Financial Officer
(403) 268.7800 PetroBakken Energy Ltd. R. Gregg Smith Senior Vice
President and Chief Operating Officer (403) 268.7800 PetroBakken
Energy Ltd. William A. Kanters Vice President Capital Markets (403)
268.7800 PetroBakken Energy Ltd. Eighth Avenue Place, 2800, 525 -
8th Avenue S.W. Calgary, Alberta T2P 1G1 403.268.7800 403.218.6075
(FAX)ir@petrobakken.com www.petrobakken.com