PetroBakken combines significant, high-growth, long-life Bakken reserves and production with legacy conventional light oil assets, which provide high netbacks and a low production decline profile.

PetroBakken is a premier Bakken player in Canada with a greater proportion of its production coming from the Bakken than any other material producer, and therefore is a compelling new investment opportunity for investors. In addition, PetroBakken has significant future development opportunities in the Horn River and Montney gas resource plays in northeast British Columbia that will add long term growth to PetroBakken's attractive light oil position.

Late in 2006, Petrobank applied new technology to the Bakken play that greatly improved well productivity and expected recoveries. Leveraging our extensive undeveloped land base and regional expertise, our technical team is building a significant inventory of drilling locations in existing and evolving new core areas.

PetroBakken is primarily a pure-play, southeast Saskatchewan, light oil-focused company with targeted 2009 exit production of more than 37,000 boepd, more than 95% light oil, more than 70% of which will be from the Bakken.