BNK Petroleum Inc. Operational Update

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company") , provides the following
operational update:

Poland

The Company received a portion of the core analysis back from the
3rd party contractors from both the Wytowno S-1 and Lebork S-1 wells,
on the adjacent Slawno and Slupsk concessions. The following data,
from the Lebork S-1 well is only from the sidewalls taken in the
lower portion of the Ordovician and the Alum shale, as the whole core
analysis from above these intervals is not yet completed. The
additional core analysis data for the target intervals in the Lebork
S-1 well, and the final core analysis reports for both wells are
expected to be in by the end of August at which time the log analyses
for both wells will be reprocessed with the core data.

- Porosities: In the Lebork S-1 well the 47 meter thick
Ordovician/Cambrian interval has porosity ranges from 0.98 to 5.2%
averaging 4.0% and in the Wytowno S-1 well the 91 meter thick Lower
Silurian target interval has porosity ranges of 1.1 to 4%, averaging
3.0% and the 40 meter thick shallower Lower Silurian interval has a
porosity of 5.6%.
- Gas filled porosity: In the Lebork S-1 well gas filled porosity
ranges from 0.8 to 3.9%, avg 1.8% of bulk volume in the
Ordovician/Cambrian. In the Wytowno S-1 well the Silurian targets range
from 0.3 to 1.6%, averaging 1.1% of bulk volume, with one shallower
Silurian interval that has a value of 4.3% of bulk volume.
- Desorption: The Lebork S-1 well had average desorption values of
40 Standard Cubic feet of gas per ton of rock, ("SCF/ton") over the
Lower Silurian and 268 SCF/ton over the 47 meter Ordovician/Cambrian
interval. The Lower Ordovician/Cambrian shale in Lebork S-1 had
intervals as high as 451 SCF/ton. The Wytowno S-1 well had average
desorption values of 124 SCF/ton in the Lower Silurian target interval
and 77 SCF/ton in the shallower Lower Silurian interval. For comparative
purposes the Company's Oklahoma Woodford shale Tishomingo field has
average values of 104 SCF/ton.
- Thermal maturity: The Wytowno S-1 thermal maturity values were
estimated from the reflectance of pyrobitumen and the Thermal Alteration
Index (TAI) obtained from Palynological (micro-paleo) analysis of the
drill cuttings, which both equate to an Ro of 1.8 in the Lower Silurian.
The TAI for the Lebork S-1 cuttings from the Lower Silurian to
Ordovician/Cambrian are also equivalent to a Ro of 1.8, which places the
thermal maturity for both wells in the dry gas window.
- TOC: In Wytowno S-1 the total organic carbons ("TOCs") are
variable across the Lower Silurian target interval, ranging from 0.1 to
1.3, TOC by percent weight. The TOC data from the Lebork S-1 well is not
yet available, however both the log calculated values and SEM image
analysis values indicate multiple times higher TOCs across the
Ordovician/Cambrian shales.

The Company also reports that the Starogard S-1 well on the
Starogard concession in Poland, in which the Company has an indirect
26.69% interest, began drilling on July 16th, 2011. The well is
currently drilling at a depth of about 1,700 meters after installing
690 meters of steel casing and cementing it from the bottom to the
surface. This depth is below the potential fresh water intervals and
was installed to isolate and protect them. Another string of steel
casing will be installed and cemented at an approximate depth of
2,050 meters, prior to drilling ahead to the estimated core point. At
the core point, the Company is planning to core the rest of the well
for analysis of the formations.

Completion activity for the Lebork S-1 and Wytowno S-1 wells are
scheduled to begin in mid-September. The Company is also reviewing
the possibility of performing the completion of the Starogard S-1
well in conjunction with the two other wells. Well results and
equipment availability will determine the timing. The Company is
utilizing best industry practices for drilling and testing our wells,
including utilizing bladders to hold the fresh water for fracture
stimulating the well instead of digging a large pit. The arrival of
the bladders will determine the start of the completion activity. The
bladders ensure complete isolation from surface soil and water,
reduce truck traffic to and from the site and increase safety. The
flowback fluids are flowed directly into self-contained steel tanks
on location. The Company is also fracture stimulating utilizing the
most environmentally friendly additives currently available from
Schlumberger in Poland.

The Company has secured approval to acquire approximately 740 km
of 2D seismic of which 407 km is on the Saponis and 333 km is on the
Indiana concessions. In addition, the three Indiana and three Saponis
concessions were extended to provide the Company enough time to
acquire the seismic prior to drilling the first three wells in
Indiana and the second three wells in Saponis. The Company
anticipates seismic acquisition to commence in the 4th quarter of
2011. A seismic contractor has been selected and permitting for the
Indiana seismic program is scheduled to start immediately. The
objective of the seismic program is to further define basin structure
and burial history as well as aid in the selection of individual well
locations.

Incorporating the micro-paleo and high-resolution stratigraphic
analysis into the geological picture showed that the Wytowno S-1 well
was drilled on a localized paleo-topographic high and what was
originally interpreted as Ordovician/Cambrian shales are actually
Lower Silurian hot shale intervals. The intervals in the Lebork S-1
well have also been revised on the basis of the micro-paleo and
high-resolution stratigraphic analysis, resulting in slightly
different thicknesses of the various intervals. In addition to the
seismic program, the Company has contracted a depth to crystalline
basement study. The study will cover a large portion of northeast
Poland, fully encompassing the Saponis and Indiana owned acreage.
Interpretation of the study is expected to allow us to better
understand general basin geometry, identify sub basins and locate
significant basement related faulting. The study is slated for
completion by early September 2011.

A new thermal maturity map of part of the Baltic Basin, along
with other data is included in an updated description of the
Company's projects on the Company's website;
http://www.bnkpetroleum.com.

Wolf Regener, BNK's President and CEO, commented, "We are gaining
a better understanding of the basin and are cautiously encouraged by
what we are seeing from this early data. The Ordovician/Cambrian
interval in the Lebork S-1 well looks better than any other log we
have seen in the basin so far."

The Wytowno S-1, Lebork S-1 and Starogard S-1 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 wells on the Saponis
concessions, until $25 million has been spent on the project. The
other 20 per cent of the Company's share of the seismic and first two
wells has been 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 Indiana Investments Sp z o.o.,
it's wholly owned subsidiary.

Germany

The Company has opened an office in Hanover, Germany and is
finalizing the process to acquire seismic on its six concessions in
that country.

Europe

The Company continues to await the potential grant of other
concessions that it has applied for and it also continues to apply
for additional concessions in multiple countries.

United States

The Company recently fractured stimulated two of its Woodford
horizontal wells in Oklahoma. Both wells are still in the early
stages of flowback with rates from the Gray 22-1H well currently at
over 700 gross barrels of oil equivalent per day ("boepd") and Bice
20-1H just beginning its cleanup. The Company also participated in
one non-operated well in the field, the Wiggins 1-12H which is also
in the early stages of flowback. The Company is currently scheduling
two to three more horizontal fracture stimulations by the end of the
year. Current net daily production has recently climbed to over 1,900
boepd, up from the first quarter 2011 average of 1,350 boepd.

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 its
concessions in Europe and Tishomingo field in Oklahoma, USA, and in
particular, timing of commencement and completion of seismic and
other studies, fracture-stimulations , expected timing of results of
core and log analyses, the Company's expectations as to the outcomes
of the foregoing and hypotheses regarding the geology of the basins
in which it has operations and is conducting exploratory work.
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, delays in procurement of required
equipment or personnel, labor or contract disputes are encountered as
well as that the Company's the financial condition and the
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,
unexpected geological formations or occurrences necessitating changes
to or cessation in planned work, and that the financial condition and
development plans of the Company or the other participants in the
Wytowno #1, Lebork S-1 and Starogard wells change, as well as other
risks typically associated with joint ventures with third parties and
the 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
athttp://www.sedar.com. The Company undertakes no obligation to
update these forward-looking statements, other than as required by
applicable law.

"Boe" means barrel of oil equivalent of natural gas and crude oil
on the basis of 1 boe for 6 Mcf of natural gas (this conversion
factor is an industry accepted norm and is not based on either energy
content or current prices). References to boe's may be misleading,
particularly if used in isolation. A boe conversion ratio of six mcf
to one barrel is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

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.
Im Internet recherchierbar: http://www.presseportal.de

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