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Petrobank Energy and Resources Ltd.

10:50 AM EST - Petrobank Energy and Resources Ltd. : said fourth-quarter profit leaped ahead to $40.1 million from year-earlier $2.6 million on higher oil and natural gas revenue rises. Revenue for the Calgary based-company amounted to $122.5 million for the three months ended Dec. 31, up from $25.7 million a year earlier. The earnings translated into 45 cents per share, up from 4 cents in the previous year. Petrobank Energy and Resources Ltd. shares T.PBG are trading down $3.09 at $50.35.