Lightstream Resources

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Lightstream Resources Ltd.
Public company
Traded as TSXLTS 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
Key people
John D. Wright, President & CEO
Products crude oil, natural gas
Revenue $868 million [Cdn] - (December 31, 2010)
Number of employees
N/A
Website www.lightstreamresources.com

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).[1] 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.[2]

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.[3] PetroBakken commenced trading on the Toronto Stock Exchange on October 6, 2009 under the symbol PBN[4]

On May 22, 2013, PetroBakken Energy Ltd. changed its name to Lightstream Resources Ltd.[5] It now trades on the Toronto Stock Exchange under the symbol LTS.

Operations[edit]

PetroBakken’s inventory includes:

Corporate Governance[edit]

Current members of the board of directors are:

External Links & References[edit]