Lightstream Resources
| Public company | |
| Traded as | TSX: LTS formerly: PBN |
| Industry | basic materials / oil and gas exploration |
| Founded | PetroBakken was listed on the TSX on October 6th, 2009; renamed May 22,2013 to Lightstream Resources Ltd |
| Headquarters | Calgary, Alberta, Canada |
Key people | John D. Wright, President & CEO |
| Products | crude oil, natural gas |
| Revenue | $868 million [Cdn] - (December 31, 2010) |
Number of employees | N/A |
| Website |
www |
Lightstream Resources Ltd., formerly PetroBakken Energy Ltd., is a Calgary, Alberta-based oil exploration and production company. Lightstream's primary asset is the ownership of 2,300 development drilling locations and average production of 39,074 boepd (as at September 30, 2011).[1] The Company is a publicly traded subsidiary of Petrobank Energy and Resources Ltd., which holds 59% of all the issued and outstanding shares of PetroBakken.[2]
PetroBakken was formed in fall of 2009 through the spin-out of Petrobank’s Canadian Business Unit. In conjunction with the spin-out, the newly formed PetroBakken acquired TriStar Oil and Gas Ltd. on October 1, 2009.[3] PetroBakken commenced trading on the Toronto Stock Exchange on October 6, 2009 under the symbol PBN[4]
On May 22, 2013, PetroBakken Energy Ltd. changed its name to Lightstream Resources Ltd.[5] It now trades on the Toronto Stock Exchange under the symbol LTS.
Operations
PetroBakken’s inventory includes:
- Montney & Horn River Region, BC: Shale Gas
- Cardium, AB: Light crude oil
- Bakken and Southeast Saskatchewan: Light crude oil[4]
Corporate Governance
Current members of the board of directors are:
|
|