PetroBakken Energy Ltd. declares the Company's 2012 year-end reserves and provide an operational update.

Unless otherwise noted, all reserves herein are "Company Interest" reserves, which represent the Company's working interest and royalty interest share of reserves, before deduction of the Company's royalty obligations.

All values in this press release are based on Sproule's forecast prices and estimates of future operating and capital costs at December 31, 2012. The Company's annual audit of our consolidated financial statements is not yet complete and accordingly all financial amounts herein are management's best estimates which are unaudited and subject to change.

Tags: PetroBakken Energy