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PetroBakken Energy Ltd
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Corporate Presentation November 2011
| John D. Wright | Page 14 of 11 |
June 09, 2026
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"Corporate Presentation November 2011"
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PetroBakken Energy Ltd. PBN:TSX Bilateral Evolution PetroBakken Technological Firsts • 1st successful horizontal well, open-hole, multi-stage frac completion in the Bakken • 1st horizontal well, 20 stage, open-hole, multi-stage frac completion in Canada • 1st multilateral (two leg) horizontal well, open-hole, multi-stage frac completion • 1st commercial application of CleanTechTM in the Bakken 14 Development of Bilateral horizontal well technology • Bilateral wells are capital efficient for down-spacing: • Four bilateral wells will fully develop a section • Eight single laterals required to achieve the same well density • Cost of $2.6 million per bilateral well versus $4.0 million for two single lateral wells to access the same reserves