RTE Route 109 Resources Inc

PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (TSX:PBN) a 58% owned
subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), and Result Energy
Inc. ("Result") (TSX VENTURE:RTE) announce that 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. 


In accordance with the plan of arrangement, those 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. PetroBakken has a multi-year inventory of Bakken
and light oil development locations, along with significant future development
opportunities in the Horn River and Montney gas resource plays in northeast BC
and the Cardium in Alberta. Our strategy is to deliver accretive production and
reserves growth, along with an attractive dividend yield.


Result Energy Inc. is a junior oil and gas company that produces and explores
for oil and gas in the Western Canadian Sedimentary Basin with its primary
growth areas focused in the Pembina region.

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