Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: 1st Qtr 2014 1st Qtr 2013 % Earnings (Loss): $ Thousands $250 $(5,320) - $ per common share assuming dilution $0.00 $(0.04) - Capital Expenditures $12,954 $2,492 420 Average production per day (Boepd) 962 1,674 (43) Average Product Price per Barrel $78.18 $34.69 125 Average Netback per Barrel $57.36 $18.89 204 3/31/2014 ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is pleased to announce that the syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities L.P., TD Securities Inc., and Cormark Securities Inc. has exercised its over-allotment option to ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing an update on its Polish shale gas project as well as its Tishomingo Field, Caney oil shale operations in Oklahoma. Poland The fracture stimulation design for the first portion of the Gapowo B-1 well has been finalized, subcontractors have been selected and construction of surface equipment and water storage facilities are ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is pleased to announce the closing of its previously announced bought-deal, short form prospectus offering (the "Offering") through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities L.P., TD Securities Inc., and Cormark Securities Inc. Pursuant to the Offering the Company issued ...
Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: Fourth Quarter Year Ended 2013 2012 % 2013 2012 % Earnings (Loss): $ Thousands $(11,016) $(4,538) - $(19,710) $(14,948) - $ per common share $(0.08) $(0.03) - $(0.14) $(0.10) - assuming dilution Capital Expenditures $36,502 $4,945 638% $81,772 $40,537 102% Average Production (Boepd) 877 1,681 (48%) 776 1,581 (51%) Gross ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") is providing the results of its December 31, 2013 independent reserves evaluation. The evaluation of the Company's reserves in the Caney / Upper Sycamore formations 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 ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") , is providing an update on its Polish shale gas project and its Tishomingo Field, Caney oil shale operations in Oklahoma. Poland In Poland, the Company has successfully drilled, cased and cemented its Gapowo B-1 horizontal well with excellent gas readings regularly recorded throughout the lateral. The well successfully drilled the ...
Camarillo, California (ots/PRNewswire) - 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 BNK's strategy for its 2013 Caney drilling program was to prove the productivity of the Caney formation in our Tishomingo field. The Company's efforts were focused on increasing the ...
Camarillo, California (ots/PRNewswire) - 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's fifth Caney well, the Barnes 7-2H, was successfully fracture stimulated in 85 percent of the lateral and, while early in the flowback phase, has averaged approximately ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") , is providing an update on its Tishomingo Field, Caney oil shale operations in Oklahoma. The Company's Hartgraves 5-3H Caney well was successfully fracture stimulated in September and, while it is early in the flowback phase, the well has, over the last 4 days, averaged 1,200 barrels of oil equivalent per day (boepd) of which 585 barrels ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") announces that the six director nominees listed in the Company's management information circular dated June 14, 2013 were re-elected at the annual general meeting of shareholders of the Company held earlier today. Detailed results are set out below: Director Nominee Votes For % For Votes Withheld %Withheld Ford Nicholson 34,949,384 98.11 674,030 1.89 Robert Cross 33,547,534 94.17 2,075,880 ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company" or "BNK") , is providing an update on its Tishomingo Field, Caney oil shale operations in Oklahoma, through its indirect wholly owned subsidiary BNK Petroleum (US) Inc., as well as an update on its Polish operations. The previously announced fracture stimulation of the (Caney) Barnes 6-3H well was completed and the well is currently flowing back ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company" or "BNK") is pleased to announce that its 2013 Annual General Meeting will be held on July 19. The meeting had originally been scheduled for June 10. At the meeting, in addition to the regular annual meeting business shareholders will be asked to approve ordinary ...
Camarillo California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company" or "BNK") is pleased to announce that the previously announced sale by its indirect wholly owned subsidiary BNK Petroleum (US) Inc. to XTO Energy Inc., a subsidiary of Exxon Mobil Corporation, of its Tishomingo Field, Oklahoma assets other than the Caney and upper Sycamore formations, for US$147.5 million has been closed. The ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has entered into a Purchase and Sale Agreement with XTO Energy Inc. ("XTO"), a subsidiary of Exxon Mobil Corporation, for the sale by BNK US of its Tishomingo Field, ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has obtained a new US$76,000,000 credit facility ("new facility") from Morgan Stanley Capital Group Inc. ("MSCGI"). The initial commitment amount of the new reserve-based facility is US$61,000,000 with an additional ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") provides the following update on its operations in Poland and Oklahoma. Oklahoma The exploration horizontal Barnes 6-2H well operated by the Company's US subsidiary BNK Petroleum, (US) Inc. (BNKUS) in its Tishomingo field in Oklahoma, is still being tested with very encouraging results. The 21 day stabilized pumping ...
Camarillo, California (ots/PRNewswire) - - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") provides the following update on its operations in Oklahoma and Poland. Oklahoma The Company-operated horizontal Barnes 6-2H well in Oklahoma, targeting the Lower Caney and Upper Sycamore formations (Mississippian Lime equivalent), was recently fracture stimulated in 13 stages over its 4,274 feet lateral section. As ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") provides the following update on its operations in Poland and Oklahoma. Poland The Miszewo T-1 well, on the Trzebielino Concession in Poland held by the Company's 100% owned subsidiary, Indiana Investments Sp. z o.o. ("Indiana"), has been drilled to a depth of approximately 5,400 meters. Muted gas shows were recorded while drilling and coring in ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. ("Company") announces that it has been advised of a transportation incident during the drilling rig move between the Gapowo B-1 and Miszewo T-1 wells. A tank truck, subcontracted by MDW S.A. ("MDW"), a company specializing in the transportation of drilling muds and responsible for the handling and managing of fluids between the two wellsites, was transporting ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that the Gapowo B-1 well, on the Bytow Concession in Poland held by its 100% owned subsidiary, Indiana Investments Sp. z o.o. ("Indiana"), has been drilled to a depth of approximately 4,300 meters. Two separate concession modifications were applied for and approved to deepen and allow the Silurian, Ordovician and Cambrian Alum ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") , provides the following operational update: Poland Building of the location for the first well on the Trzebielino concession has commenced and drilling is expected to begin by the end of February, 2012. After completion of the first Trzebielino well, the rig is scheduled to move to the first Bytow concession drilling location. The Trzebielino and ...
Camarillo, California (ots/PRNewswire) - TSX ticker symbol; BKX BNK Petroleum Inc. (the "Company") announced today that it has been awarded the Weinbergen Oil and Gas Concession totalling approximately 535,000 acres in Thuringia, Germany. This concession brings the Company's total acreage in Europe to approximately 4.4 million net acres, in 5 separate basins. Located in the Thuringian basin of Germany, the Weinbergen ...
Camarillo, California, November 7 (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that its wholly owned subsidiary Trofagas Hidrocarburos, S.L., has been awarded the Sedano oil and gas concession totalling approximately 86,000 acres located in the autonomous community of Castile and Leon, Spain. This concession brings the Company's total acreage in Europe to about 3.9 million net acres, in 5 separate ...
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Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") , on behalf of Saponis Investments Sp. z o.o, announced today that fracture stimulations were performed on both the Cambrian and Ordovician intervals in the Lebork S-1 well which did not enable an effective test of the two shales. This is due to only a small percentage of the programmed quantities and concentrations of proppant being placed in ...
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") announced today that its wholly owned subsidiary Trofagas Hidrocarburos, S.L., has been awarded an oil and gas concession totalling approximately 234,000 acres located mainly in the autonomous community of Castile and Leon, Spain. This concession brings the Company's total acreage in Europe to about 3.8 million net acres in 5 separate basins. ...