BNK Petroleum Inc. Announces Lebork S-1 Drilling Results

Camarillo, California (ots/PRNewswire) - BNK Petroleum
Inc. (the "Company") , announced today that the Lebork S-1 well, on
the Slupsk concession in Poland, in which the Company has an indirect
26.69% interest, has been drilled, cased and cemented to its total
depth of 3,590 meters. The well was originally drilled to 3,517
meters and 223 meters of whole core were recovered. At that time a
full suite of logs were run. After evaluation of the logs it was
decided to deepen the well to its final depth of 3,590 meters, after
which another full suite of logs were run and 113 sidewall cores were
taken over the additional interval drilled.

The whole core and sidewall cores were taken to fully evaluate
the physical parameters of the rock. These analyses will provide,
among other data: porosity, permeability, total organic carbon, rock
eval pyrolysis, thermal maturity, gas composition, micropaleontology,
and mechanical properties. During drilling, numerous gas shows were
recorded over 285 meters of the Lower Silurian, Ordovician and
Cambrian shales. The gas shows consisted of mainly methane gas. The
strongest gas shows were in the Cambrian shale though gas shows in
the other intervals may have been diminished due to whole coring of
the other intervals.

Consistent with projections, the two primary shale target
intervals were thicker in the Lebork S-1 well than in the Wytowno #1
well. The Ordovician shale interval in the Lebork S-1 well is
approximately 91 meters thick, which is slightly thicker than the 83
meters found in the Wytowno #1 well. The Cambrian shale also
thickened to 15 meters from the 9 meters found in the Wytowno #1
well. This provides further support for the Company's hypothesis of
an increasing thickness trend that may continue into deeper portions
of the basin.

The Company anticipates receiving all core analysis back by the
3rd quarter. Analyses of the sidewall cores from the Wytowno #1 well
are still pending. The suite of Schlumberger open hole logs that were
run in the Lebork S-1 well will be calibrated using the core data to
more precisely evaluate the potential pay sections. The log suite in
the Lebork S-1 well currently calculates the highest gas and best
properties in the Cambrian shale interval followed by the Ordovician
shale interval. The uncalibrated log suites of both wells currently
indicate higher gas calculations in the Ordovician interval in the
Lebork S-1 well than in the Wytowno #1 well, which may change after
the logs are calibrated. During the 3rd quarter it is anticipated
that the completion will be designed and the first intervals in each
well will be fracture stimulated.

The cost of the Lebork S-1 well at rig release, with casing in
the ground and including the additional deepening, sidewall cores and
second set of logs is to date approximately US$5.6 million. The
current estimated cost of the Lebork S-1 well, before completion, but
including all future core analysis work, is US$6.5 million. Despite
the unanticipated deepening of the well, the total drilling costs are
only US$0.1 million above the original drilling budget. The drilling
rig will stay on location until the end of May at which time it will
begin mobilizing to the Starogard concession to begin drilling the
first well on that concession in mid June.

The Wytowno #1, Lebork S-1 and Starogard wells are being drilled
by one of the Company's subsidiaries as Manager for Saponis
Investments Sp z o.o.. The Company owns approximately 26.7 per cent
of Saponis with remaining ownership with Rohöl-Aufsuchungs
Aktiengesellschaft,("RAG") Sorgenia E&P SpA and LNG Energy through
its subsidiary. The Company is obliged to pay approximately 6.69 per
cent of the drilling costs of these first three wells. The other 20
per cent of the Company's share is paid by RAG and Sorgenia under the
terms of the Company's farmout to RAG and Sorgenia. The Company holds
195,000 net acres in the Baltic Basin of Poland through Saponis and a
further 880,000 adjacent net acres through another European
subsidiary.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws, including but not limited to information
regarding the Company's current plans and expectations regarding the
Wytowno #1 and Lebork S-1 wells, including expected timing of results
of core and log analyses, the Company's hypotheses regarding the
geology of the basin in which drilling is currently underway,
expected timing of commencement of the planned frac programs,
commencement of the first well on the Starogard concession and
expectations regarding the total cost of the wells. Forward-looking
information is based on plans and estimates of management at the date
the information is provided and is subject to certain factors and
assumptions of management, including that no unforeseen delays,
unexpected geological or other effects, equipment failures,
permitting delays, labor or contract disputes are encountered as well
as that the Company's the financial condition and development plans
of the Company and its co-venturers will not change. Forward-looking
information is subject to a variety of risks and uncertainties and
other factors that could cause plans, estimates and actual results to
vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking information
in this news release to change or to be inaccurate include, but are
not limited to, the risk that occurrences such as those referred to
above may occur and result in delays, or cessation in planned work,
and that the Company's financial condition and development plans of
the Company or the other participants in the Wytowno #1, Lebork S-1
and Starogard wells will change as well as other risks typically
associated with joint ventures with third parties and the other risks
and uncertainties applicable to exploration activities and to the
Company as set forth in the Company's management discussion and
analysis and its annual information form both of which are available
for viewing under the Company's profile at www.sedar.com . The
Company undertakes no obligation to update these forward-looking
statements, other than as required by applicable law.

About BNK Petroleum Inc.

BNK Petroleum Inc. is a U.S. based international oil and gas
exploration and production company focused on finding and exploiting
large, predominately unconventional oil and gas resource plays.
Through various affiliates and subsidiaries, the Company owns and
operates shale gas properties and concessions in the United States,
Poland, Germany and Spain. Additionally the Company is utilizing its
technical and operational expertise to identify and acquire
additional unconventional projects outside of North America. The
Company's shares are traded on the Toronto Stock Exchange under the
stock symbol BKX.

For further information:
Wolf E. Regener +1(805)484-3613
Email: investorrelations@bnkpetroleum.com
Website: http://www.bnkpetroleum.com

ots Originaltext: BNK Petroleum Inc
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