PetroBank
Posted: Fri Nov 18, 2011 3:30 pm
An updated Net Income and Cash Flow Forecast for both PetroBank and its subsidiary PetroBakken have been loaded to the website under the Sweet 16 tab. Just log on and click on the PetroBank logo.
PetroBakken is now expected to report a significant increase in oil production from Q3 to Q4. 3rd quarter production was 39,074 boepd. Per their guidance, an exit rate of approximately 49,000 boepd (87% oil) is expected.
PetroBakken is now expected to report a significant increase in oil production from Q3 to Q4. 3rd quarter production was 39,074 boepd. Per their guidance, an exit rate of approximately 49,000 boepd (87% oil) is expected.