09:51 AM EST - PetroBakken Energy Ltd. : announced it has entered into an agreement to sell its entire working interest in the southeast Saskatchewan Weyburn unit (approximately a 2.2% interest) for gross proceeds of $105 million, subject to adjustments. The Assets include 580 boepd of production (based on field estimates from December 2011). The transaction will have an effective date of January 1, 2012 and, subject to satisfaction of all conditions and receipt of required regulatory approvals, is expected to close by the end of February 2012. PetroBakken Energy Ltd.
shares T.PBN are trading up $0.42 at $15.35.
