DELTA, B.C. April 5, 2010 (Investorideas.com energy newswire)   – www.Investorideas.comupdates 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 - www.petrobakken.com

 

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Oil and Gas Stocks in US and Canada; Bakken Stocks Directory

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