Petrobank and PetroBakken Third Quarter 2009 Investor Conference Call

November 11, 2009 12:10 PM EST

CALGARY, ALBERTA--(Marketwire - Nov. 11, 2009) - Petrobank Energy and Resources Ltd. ("Petrobank") (TSX: PBG) and PetroBakken Energy Ltd. ("PetroBakken") (TSX: PBN) announce that management of both companies will be holding a joint conference call for investors, financial analysts, media and any interested persons on Thursday, November 12, 2009 at 9:00 a.m. (Mountain Time) to discuss Petrobank and PetroBakken's third quarter 2009 financial and operating results. The conference call details are as follows:

Live audio webcast:
http://events.digitalmedia.telus.com/petrobank/111209/index.php
Live call dial-in numbers:   416-340-2216 / 866-226-1792

Replay dial-in numbers:      416-695-5800 / 800-408-3053
Replay pass code:            5271156

PetroBakken Energy Ltd. is a premier light oil production company combining high growth, long-life Bakken reserves and production with legacy conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. PetroBakken has a multi-year inventory of Bakken and light oil development locations, along with significant future development 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.

Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Latin America. The Company operates high-impact projects through three business units and a technology subsidiary. The Canadian Business Unit, operated by Petrobank's 64% owned TSX-listed subsidiary, PetroBakken Energy Ltd. (TSX: PBN), is a premier light oil production company combining high growth, long-life Bakken reserves and production with legacy conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. The Latin American Business Unit, operated by Petrobank's 67% owned TSX-listed subsidiary, Petrominerales Ltd. (TSX:PMG), is a Latin American-based exploration and production company producing oil in Colombia with 16 exploration blocks covering a total of 1.9 million acres in the Llanos and Putumayo Basins of Colombia and 2.6 million acres in the Ucayali Basin of Peru. Whitesands Insitu Partnership, a partnership between Petrobank and its wholly-owned subsidiary Whitesands Insitu Inc., owns 75 net sections of oil sands leases in Alberta, 36 sections of oil sands licenses in Saskatchewan and operates the Whitesands project which is field-demonstrating Petrobank's patented THAI(TM) heavy oil recovery process. THAI(TM) is an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil that integrates existing proven technologies and provides the opportunity to create a step change in the development of heavy oil resources globally. THAI(TM) and CAPRI(TM) are registered trademarks of Archon Technologies Ltd., a wholly-owned subsidiary of Petrobank.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Petrobank Energy and Resources Ltd.
        John D. Wright
        President and Chief Executive Officer
        (403) 750-4400

        Petrobank Energy and Resources Ltd.
        Chris J. Bloomer
        Senior Vice President and Chief Operating Officer, Heavy Oil
        (403) 750-4400

        Petrobank Energy and Resources Ltd.
        Corey C. Ruttan
        Senior Vice President and Chief Financial Officer
        (403) 750-4400

        PetroBakken Energy Ltd.
        R. Gregg Smith
        President and Chief Operating Officer
        (403) 750-4400

Source: PetroBakken Energy Ltd.

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