09:57 AM EST - PetroBakken Energy Ltd. : a 58%-owned unit of Petrobank Energy and Resources Ltd., said its first-quarter funds flow from operations or FFO increased to $189.05 million or $1.00 per share from $73.26 million or $0.67 per share a year ago. Net income for the first quarter of 2010 soared to $39.1 million from $0.18 million in the previous year. Earnings per share for the quarter were $0.23 compared with a breakeven last year. PetroBakken Energy Ltd.
shares T.PBN are trading up $0.02 at $26.83.
