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Tuesday, December 13, 2011

Petrobank 2012 Capital Plan

"The Kerrobert project is an attractive investment with break-even cash flow estimated to occur at less than 1,000 barrels of oil production per day at current commodity prices. We plan to provide an operational update for our Kerrobert project in the first quarter of 2012."

They are targeting 7,200 barrels a day and is breaks even at 1,000 barrels a day.  Of course first they have to get to 1,000 barrels a day.

http://www.petrobank.com/files/710.PBG-2011-12-13-pressrelease.pdf

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