PetroBakken Energy : PETROBAKKEN CONFIRMS APRIL DIVIDEND
PETROBAKKEN CONFIRMS APRIL DIVIDEND
04/16/2012| 06:10pm US/Eastern
Calgary, Alberta - April 16, 2012 - PetroBakken Energy Ltd.
("PetroBakken") (TSX:PBN) is pleased to announce that our
cash dividend for the month of April will be paid on May 15,
2012 to all PetroBakken shareholders of record on April 30,
2012. The April dividend will be $0.08 per PetroBakken share.
The ex-dividend date is April 26, 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
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
John D. Wright, President and Chief Executive Officer
Peter D. Scott, Senior Vice President and Chief Financial
William A. Kanters, Vice President Capital Markets
Phone: (403) 268.7800
Eighth Avenue Place, 2800, 525 - 8th Avenue S.W.
Calgary, Alberta T2P 1G1
Phone: 403.268.7800 - Fax: 403.218.6075