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PetroBakken Updates 3Q Bakken, Cardium Production

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October 11, 2012

PetroBakken Energy Ltd. (Toronto: PBN) provided an update on third quarter operations and planned fourth quarter activity.

Third quarter average production was 38,400 BOE/d (84% light oil and NGLs), based on field estimates, comprised of over 15,800 BOE/d from the Bakken business unit, 14,700 BOE/d from the Cardium business unit, and the remainder from the Saskatchewan conventional and AB/BC business units. This production level is relatively flat to the third quarter of 2011, primarily resulting from the disposition of producing assets in the first half of 2012 and a delayed ...

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