April 7, 2010 (FinancialWire) — PetroBakken Energy Ltd. (TSX: PBN) a 58% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX: PBG), and Result Energy Inc. (TSX Venture: RTE) reported the common shares of Result will be de-listed from the TSX Venture Exchange at the close of business on Wednesday, April 7, 2010.

The de-listing of Result's common shares from the TSX Venture Exchange is being completed as a result of the acquisition of Result by PetroBakken completed on April 1, 2010, whereby PetroBakken acquired all of the issued and outstanding common shares of Result by way of plan of arrangement. The acquisition was approved at the special meeting of Result shareholders held on March 29, 2010, with 99.43% of the votes cast by the Result shareholders present at the meeting in person or by proxy voting in favour of the special resolution to approve the acquisition.

Result shareholders that elected the share consideration option will receive 0.013023 of a PetroBakken share for each Result share held. Those Result shareholders who elected the cash consideration option, the combination consideration option or those who were deemed to elect the default consideration option will receive cash in the amount $0.15450794882 per Result share held and 0.00823231166 of a PetroBakken share per Result share held.

PetroBakken Energy Ltd. is a premier light oil production company combining, high growth, long-life Bakken reserves and production with legacy conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth.

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