Petrobank Energy and Resources, Ltd. at the annual meeting of shareholders held on May 22, 2013, approved the appointment of KPMG LLP as auditors for the ensuing year.

Petrobank Energy and Resources, Ltd. approved the amendment to by-laws to allow for an advance notice provision with respect to the election of directors at the annual meeting of shareholders held on May 22, 2013.

Petrobank Energy and Resources, Ltd. reported financial and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported net loss of $3,008,000 or $0.03 per basic and diluted share against net income of $46,291,000 or $0.47 per basic and diluted share for the same period a year ago. Expenditures on exploration assets was $8,422,000 against $17,506,000 for the same period a year ago. This decrease is due to the elimination of expenditures related to the Conklin and May River properties which were sold on February 28, 2012, and a reduction in capitalized costs related to the Kerrobert project. For the quarter, the company reported average production at Kerrobert THAI(r) project was 205 barrels of oil per day, a decrease from 307 bopd in fourth quarter 2012 and a small increase over 193 bopd in first quarter 2012. Kerrobert THAI(r) production averaged 200 bopd in April 2013 based on field estimates.