|This article relies too much on references to primary sources. (December 2008)|
|Traded as||TSX: LTS formerly: PBN|
|Industry||basic materials / oil and gas exploration|
|Founded||PetroBakken was listed on the TSX on October 6th, 2009; renamed May 22,2013 to Lightstream Resources Ltd|
|Headquarters||Calgary, Alberta, Canada|
|John D. Wright, President & CEO|
|Products||crude oil, natural gas|
|Revenue||$868 million [Cdn] - (December 31, 2010)|
Number of employees
Lightstream Resources Ltd., formerly PetroBakken Energy Ltd., is a Calgary, Alberta-based oil exploration and production company. Lightstream's primary asset is the ownership of 2,300 development drilling locations and average production of 39,074 boepd (as at September 30, 2011). The Company is a publicly traded subsidiary of Petrobank Energy and Resources Ltd., which holds 59% of all the issued and outstanding shares of PetroBakken.
PetroBakken was formed in fall of 2009 through the spin-out of Petrobank’s Canadian Business Unit. In conjunction with the spin-out, the newly formed PetroBakken acquired TriStar Oil and Gas Ltd. on October 1, 2009. PetroBakken commenced trading on the Toronto Stock Exchange on October 6, 2009 under the symbol PBN
On May 22, 2013, PetroBakken Energy Ltd. changed its name to Lightstream Resources Ltd. It now trades on the Toronto Stock Exchange under the symbol LTS.
PetroBakken’s inventory includes:
- Montney & Horn River Region, BC: Shale Gas
- Cardium, AB: Light crude oil
- Bakken and Southeast Saskatchewan: Light crude oil
Current members of the board of directors are:
External Links & References
- "PetroBakken 2011 Third Quarter Report" (PDF).
- "Petrobank 2011 Third Quarter Report" (PDF).
- "PetroBakken Completes Plan of Arrangement With TriStar" (PDF).
- "PetroBakken - About Us". Cite error: Invalid
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- "Lightstream - News".
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