Tous Actualités
Suivre
Abonner BNK Petroleum Inc.

BNK Petroleum Inc.

BNK Petroleum Inc. Adds a Sixth European Shale Gas Concession

Calgary, Canada (ots/PRNewswire)

BNK Petroleum Inc.
("BNK" or the "Company")  is pleased  to announce that it has been
awarded an additional 300,000 acre oil and  gas concession in a
European Union country. The granting of this  concession brings BNK's
2009 total land acquisitions in Europe to 1.4  million acres, and
provides further diversification by now having projects in  3
distinct basins.
In accordance with the granting of this latest concession,
certain  minimum requirements must be fulfilled by BNK to retain its
interest. Some of  the more significant minimum requirements consist
of conducting geological  work in the first year, acquiring seismic
in the second year, drilling one  vertical well in both years three
and four, and the drilling of one  horizontal well in year five
within each concession area.
Caution Regarding Forward-looking Information
This document may contain certain forward looking statements
including  statements with respect to, the concession awarded and the
more significant  minimum requirements required to hold the
concession. The forward-looking  information is based on current
expectations that involve a number of risks  and uncertainties, which
could cause actual results to differ materially from  those
anticipated. These risks include, but are not limited to: the risks
associated with the oil and gas industry and BNK's ability to
identify  suitable drilling locations (e.g., operational risks in
development,  exploration and production; delays or changes in plans
with respect to  exploration or development projects or capital
expenditures; the uncertainty  of reserve estimates; the uncertainty
of estimates and projections relating  to production, costs and
expenses, and health, safety and environmental  risks), risk
associated with equipment procurement and equipment failure,  risks
related to international operations and doing business in foreign
jurisdictions, the risk of commodity price and foreign exchange rate
fluctuations, risks related to future royalty rate changes and risks
and  uncertainties associated with securing and maintaining necessary
regulatory  approvals.
For a description of the risks and uncertainties facing BNK and
its  business and affairs, readers should refer to BNK's Annual
Information Form  for the year ended December 31, 2008, which is
available at  http://www.sedar.com. The Company assumes no obligation
to update or revise  the forward-looking information to reflect new
events or circumstances,  except as required by law. The reader is
cautioned not to place undue  reliance on forward-looking statements.
About BNK Petroleum Inc.
BNK Petroleum Inc. is a California based oil and gas exploration
and  production company focused on finding and exploiting large oil
and gas  resource plays. The Company holds an average of 50% interest
in the  Tishomingo gas field in Oklahoma and varied interests in
three other areas  in the Northern and Central regions of the United
States and in Europe,  where it is currently pursuing the
exploration, development and production  of shale and tight sand gas
plays. The Company's shares are traded on  the Toronto Stock Exchange
under the stock symbol BKX.
NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT  TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS  RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information: Wolf Regener, President and Chief
Executive  Officer, +1-805-484-3613, Email: 
investorrelations@bnkpetroleum.com, Website:
http://www.bnkpetroleum.com

Contact:

CONTACT: For further information: Wolf Regener, President and
ChiefExecutive Officer, +1-805-484-3613,
Email:investorrelations@bnkpetroleum.com, Website:
http://www.bnkpetroleum.com

Plus de actualités: BNK Petroleum Inc.
Plus de actualités: BNK Petroleum Inc.
  • 06.12.2009 – 15:32

    BNK Petroleum Inc. Continues European Shale Gas Concession Acquisition

    Calgary, Canada (ots/PRNewswire) - BNK Petroleum Inc. ("BNK" or the "Company") (TSX: BKX) is pleased to announce that it has been awarded two additional oil and gas concessions, which total approximately 500,000 acres in one European basin. The granting of these concessions continues BNK's European shale gas strategy by providing diversification in multiple basins. ...