Bakken Oil Stocks Update at Investorideas.com; PetroBakken Energy (TSX: PBN.TO) One of Top Gainers on TSX
DELTA, B.C. April 5, 2010 (Investorideas.com energy newswire) – www.Investorideas.com
updates investors following energy stocks and Bakken oil stocks with recent news and developments.
PetroBakken Energy (TSX: PBN.TO) is one of the top gainers on the TSX today trading at $29.90 CAD, up $1.01 (3.50%).
Recent Bakken Stocks news –
PetroBakken Completes Acquisition of Result Energy
Thu Apr 1, 12:41 PM
CALGARY, ALBERTA--- April 1, 2010 - PetroBakken Energy Ltd. ("PetroBakken") (TSX: PBN.TO), a 58% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX: PBG.TO), and Result Energy Inc. ("Result") (TSX VENTURE: RTE.V) are pleased to announce the closing today of the acquisition of Result by PetroBakken.
The acquisition was completed by way of plan of arrangement with 99.43% of Result shares voted approving the acquisition of Result by PetroBakken. PetroBakken acquired all of the outstanding shares of Result for total consideration of approximately $438 million, inclusive of Result's positive working capital. Result shareholders received $200 million in cash and 11.2 million PetroBakken shares. It is expected that the shares of Result will be de-listed from the TSX Venture Exchange at the close of business on Tuesday, April 6, 2010.
More – visit - http://www.petrobakken.com/
Investorideas.com recently added a new section to the current oil and gas stocks directory, expanding the current list to include a directory of Bakken play stocks.
Oil and Gas Stocks in US and Canada; Bakken Stocks Directory
Anterra Energy (TSX: AE-A.V) is an independent exploration, development and production company with an emerging focus on the use of advanced exploration technologies including 3-D imaging, horizontal drilling and multi-stage completions to systematically develop its portfolio of conventional and non-conventional oil and gas projects. The Company now holds a 15 2/3 section block (10,026 net acres) which is prospective for Bakken oil and Mississippian oil. Anterra plans a 3-D seismic program over the lands during the summer with drilling of the first Bakken well scheduled for the fall of 2010.
Arsenal Energy Inc. (TSX: AEI.TO) (FRANKFURT:A1E) Arsenal is a junior oil and gas company engaged in the exploration for, and development and production of, natural gas and oil reserves primarily in Alberta and North Dakota. Bakken Play Info
Basic Earth Science Systems Inc. (OTCBB: BSIC) is an independent oil and gas exploration company. BSIC activities are intended to capitalize on presence in the North Dakota and Montana portions of the Williston basin, the Denver-Julesburg basin of Colorado, the southern portions of Texas, and along the on-shore portions of the Gulf Coast. Rocky Mountain Region Map
Brigham Exploration Company (NasdaqGS: BEXP) Brigham Exploration Company is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. Historically, exploration and development activities have been focused in the Onshore Gulf Coast, the Anadarko Basin and West Texas. Beginning in Late 2005, BEXP began to acquire acreage within the Willison Basin in North Dakota and Montana, and have since then have invested a total of $169 million in drilling, and seismic in this region. In late 2007, the majority of our drilling capital expenditures shifted from the historically active areas in the Onshore Gulf Coast, the Anadarko Basin and West Texas to the Williston Basin. BEXP is currently targeting the Bakken, Three Forks and Red River objectives. At present, BEXP has approximately 483,506 gross and 307,474 net leasehold acres in the Williston basin and have identified over 800 horizontal drilling locations on our acreage
The full Bakken stocks directory, oil sands stock directory and full list of oil and gas stocks is available to investors at http://www.investorideas.com/OGSN/Stock_List.asp
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