PetroBakken Provides Quarterly Update
March 12, 2013
PetroBakken Energy Ltd. (TO: PBN) has announced fourth quarter and year-end 2012 financial and operating results.
Financial and Operating Highlights
Annual comparisons are 2012 compared to 2011 and quarterly comparisons are 4Q 2012 compared to 4Q 2011, unless otherwise noted. All references to well counts are on a net basis.
Operating Results
Consistent with PetroBakken's plan to invest proceeds from dispositions, it achieved a record level of activity in the fourth quarter during which it drilled 79 wells, completed 106 wells, brought 99 wells on production and exited the year ...
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