12:27 PM EST - Petrobank Energy and Resources Ltd. : announced an increase in our May River best estimate contingent resources to 624.1 million barrels effective June 1. To date this year, the company has drilled 10 oil sands exploration wells at our May River property, which is comprised of 62 sections near Conklin, Alberta. This drilling further defined its resource and prompted the Company to request that its independent reserves evaluator, McDaniel & Associates Consultants Ltd. update its May River property resource estimate. Petrobank Energy and Resources Ltd.
shares T.PBG are trading up $0.18 at $14.25.
