Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: FIRST QUARTER HIGHLIGHTS - In the first quarter of 2017, the Company drilled and fracture stimulated the Chandler 8-6H well, the first well in its 2017 drilling program, in which it holds a 99.9% working interest. - The Company also drilled the Hartgraves 1-6H well and the Brock 9-2H, in each of which it holds a 100% ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that the Brock 9-2H well has been drilled and cased safely and under budget. The drilling rig has been released. The Company has a 100% working interest in the Brock 9-2H, the 3rd well in the Company's 2017 drilling program. As previously announced, the Company is awaiting the fracture stimulation contractor for ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that the Chandler 8-6H well is producing through facilities, while flowing back fracture stimulation fluids, after its fracture stimulation. In addition, the Hartgraves 1-6H well, the second well of the Company's 2017 drilling program, has been drilled and cased. The Chandler 8-6H well began ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that it has begun drilling the second well of its 2017 drilling program, the Hartgraves 1-6H well, in the Company's Tishomingo Field, Oklahoma. The Hartgraves 1-6H well is expected to be drilled in 30 days. The Company has a 100% working interest in the well. The previously announced ...
TSX ticker symbol; BKX Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that it has successfully finished drilling the first well of its 2017 drilling program, the Chandler 8-6H well, in the Company's Tishomingo Field, Oklahoma. The Chandler 8-6H well, in which the Company has a 99.9% working interest, has been successfully drilled and cased. The well was ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX), is pleased to announce that drilling operations have commenced today on its Tishomingo Field, Caney oil shale operations in Oklahoma. The drilling rig contracted by the Company has begun drilling the Chandler 8-6H Caney shale oil well. Drilling is expected to take approximately 30 ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that David Neuhauser has been appointed as a new director of the Company. Mr. Neuhauser is Founder and Managing Director of Livermore Partners based in the Chicago suburb of Northbrook, Illinois. Livermore Partners LLC is a private investment firm serving ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce the completion of its previously announced short form prospectus offering (the "Offering") of common shares of the Company (the "Shares") through a syndicate of agents co-led by GMP FirstEnergy and Haywood Securities Inc. and including Macquarie Capital Markets ...
CAMARILLO, USA (ots) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that, in connection with its previously announced short form prospectus offering of common shares of the Company (the "Shares"), on a "commercially reasonable efforts" basis, at a ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: SECOND QUARTER HIGHLIGHTS: - Operating cash flow from continuing operations was $1.6 million for the second quarter of 2016 compared to $1.9 million in the second quarter of 2015 - General & administrative expenses decreased by 29% compared to the prior year quarter as the Company continues its cost cutting efforts ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) announces that the seven director nominees listed in the Company's management information circular dated May 16, 2016 were re-elected at the annual general meeting of shareholders of the Company held earlier today. Detailed results are set out below: The Company is pleased to welcome Mr. Gregory Cameron as a director of the ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that Morgan Stanley Capital Group Inc. ("MSCGI") has reaffirmed the commitment amount under the Company's credit facility at US$24,400,000. The other terms of the US$100,000,000 facility remain the same. The Company currently has US$22,600,000 outstanding under the facility, with US$1,800,000 available to utilize. ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: FIRST QUARTER HIGHLIGHTS - Average production for the first quarter of 2016 was 1,352 BOEPD, an increase of 8% compared to 2015 production of 1,249 BOEPD due to the completion of the fracture stimulation operations on the previously drilled Nickel Hill 36-3H well and the Emery 17-1H well in mid-2015 - In the quarter, the ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing the results of its December 31, 2015 independent reserves evaluation. The evaluation of the Company's reserves in the Caney formation of the Tishomingo Field in Oklahoma was conducted by Netherland, Sewell & Associates, Inc. ("NSAI") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: 2015 HIGHLIGHTS - Average production was 1,415 barrels of oil equivalent per day (BOEPD) for 2015, an increase of 34% compared to 2014 production of 1,053 BOEPD due to the completion of the Nickel Hill 36-3H well and the remaining portion of the Emery 17-1H well in 2015 - General & administrative expenses decreased by 30% ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: THIRD QUARTER HIGHLIGHTS: - Average production was 1,554 barrels of oil equivalent per day (BOEPD) for the third quarter of 2015, an increase of 60% compared to the third quarter 2014 production of 971 BOEPD due to the completion of the Nickel Hill 36-3H well and the remaining portion of the Emery 17-1H well in 2015 - ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: SECOND QUARTER HIGHLIGHTS: - Average production for the second quarter of 2015 was 1,490 BOEPD, an increase of 49% compared to second quarter 2014 production of 999 BOEPD due to the completion of the Nickel Hill 36-3H well and the remaining portion of the Emery 17-1H well during the second quarter - General & ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") announces that the seven director nominees listed in the Company's management information circular dated May 11, 2015 were re-elected at the annual general meeting of shareholders of the Company held earlier today. Detailed results are set out below: Director Votes Nominee Votes For % For Withheld %Withheld Ford Nicholson 47,743,923 99.80% 97,153 0.20% Robert Cross 44,433,123 92.88% ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma. The Company has been flowing back the Nickel Hill 36-3H and Emery 17-1H wells after fracture stimulating 22 and 12 stages respectively, as previously announced. Production from the Nickel Hill 36-3H well over the last week averaged about 435 barrels of oil equivalent per day (BOEPD) of which 245 barrels ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: FIRST QUARTER HIGHLIGHTS - In February 2015, obtained an additional $8.5 million under the Company's $100 million credit facility to fund the drilling of Caney wells in Oklahoma - In April 2015, fracture stimulated the Nickel Hill 36-3H well and the Emery 17-1H well - Average production for the first quarter was 1,249 ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma. The Company has begun field operations to fracture stimulate 22 stages in the previously drilled Nickel Hill 36-3H (99.4% interest) to take advantage of the cost reductions in oilfield services. The completion costs for the Nickel Hill 36-3H well are estimated to be reduced by more than 30% over 2014 ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: 2014 HIGHLIGHTS - Revenue, net of royalties, was $22.5 million for year ended 2014, an increase of 98% compared to 2013 due to increased production - Cash flow from operations was $12.8 million in 2014 compared to negative cash flow from operations of $6.7 million in 2013 - Netbacks for the year 2014 were $51.71, an ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing the results of its December 31, 2014 independent reserves evaluation. The evaluation of the Company's reserves in the Caney formation of the Tishomingo Field in Oklahoma was conducted by Netherland Sewell and Associates, Inc. ("NSAI") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") is pleased to announce that Morgan Stanley Capital Group Inc. ("MSCGI") has increased its commitment amount under the credit facility announced by the Company on July 30, 2014 from $15,900,000 to $24,400,000. The other terms of the US$100,000,000 facility remain the same. The facility bears interest at a per annum rate equal to then three month ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma as well as its Polish shale gas project. Tishomingo Field, Oklahoma The Company has fracture stimulated 30 percent of the Emery 17-1H well (98.7% interest). The Company has decided to flowback the well at this time and fracture stimulate the rest of the lateral at a later date. The well began flowback ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: THIRD QUARTER HIGHLIGHTS: - Revenue, net of royalties was $5.4 million for third quarter of 2014 and netbacks were $52.14 per BOE, with revenue increasing 230% compared to the third quarter of 2013 due to an increase in production - Average production was 971 barrels of oil equivalent per day (BOEPD) for the third quarter, ...
Camarillo, Calif. (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma as well as its Polish shale gas project. Tishomingo Field, Oklahoma The Company's latest Caney shale oil well, the Hartgraves 1-5H well (100% interest) is flowing back after being completed with the Company's largest hydraulic stimulation to date. Over the last 5 days the well has been flowing at an average ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is pleased to announce that Ray W. Payne has joined the Company as Vice President U.S. Operations. Mr. Payne has extensive unconventional experience and has held various engineering and management positions in North, South and East Texas, North Louisiana, the Permian Basin, the Rocky Mountain Regions as well as offshore Gulf of Mexico. He ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company" or "BNK") is providing an update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project. Oklahoma - Tishomingo Field The Company is currently flowing back the Wiggins 11-2H well following its recent hydraulic fracturing treatment. During this flowback, the Wiggins 11-2H had a 48 hour initial production rate of 550 barrels of oil ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol: BKX All amounts are in U.S. Dollars unless otherwise indicated: Second Quarter First Six Months 2014 2013 % 2014 2013 % Net Income (Loss): $ Thousands $199 $(929) - $449 $(6,249) - $ per common share $0.00 $(0.01) - $0.00 $(0.04) - assuming dilution Capital Expenditures $22,710 $7,870 189% $35,664 $10,362 244% Average Production (Boepd) 999 266 276% 980 966 1% ...