Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Colombia. The Company operates high-impact projects through four business units.

Petrobank’s conventional oil and gas assets in western Canada are operated by its 58% owned, TSX-listed subsidiary, PetroBakken Energy Ltd. 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.

The company’s South American prospects are operated by Petrobank’s 66% owned, TSX-listed subsidiary, Petrominerales Ltd. (trading symbol: PMG) which holds large tracts of exploration lands in two of the most prospective countries on the South American continent – Colombia and Peru.

Technology will drive the heavy oil and bitumen business globally and Petrobank’s Heavy Oil Business Unit is at the forefront in creating an essential and sustainable step-change worldwide. Its patented THAI™ technology is a process that has created a paradigm shift in extraction of bitumen from the oil sands. When compared to other in-situ processes, THAI™ presents major economic, environmental and operational improvements. The process has been proven in Canada’s oil sands, and is being evaluated in heavy oil reservoirs in Canada and internationally.

The Archon Technologies Business Unit focuses on the development and acquisition of new technology and innovations that will capture the commercial benefits of the THAI™ and CAPRI™ technology. THAI™ and CAPRI™ are registered trademarks of Archon Technologies Ltd., a wholly-owned subsidiary of Petrobank.