BNK Petroleum Inc. Lebork S-1 and Indiana Update

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 each shale.
Although gas was flared from each interval and 43% and 50% of the
stimulation fluid was eventually recovered from the Alum (Cambrian)
and Ordovician shales respectively, the small amount of proppant
placed in each zone was not enough to provide effective conductivity,
allow conclusive production tests, nor provide the assessment of
meaningful reservoir parameters. As predicted, the reservoir was over
pressured but it took even higher pressures to stimulate the shales
than anticipated. It appears that both the Ordovician and Alum shales
have complex fracture matrices, which were predominantly responsible
for the reduced amount of proppant placed. It is expected that this
complex matrix could prove to be a positive characteristic to this
shale play as it would provide a larger contact area, thereby
increasing potential recoveries and overall production.

A comprehensive review of the stimulation attempts have been
undertaken with leading industry experts. In order to properly test
the shales in the Lebork S-1 well, an optimized fracture stimulation
program has been designed across the same intervals, requiring the
use of a high pressure stimulation string. A suitable stimulation
string cannot be delivered to the location before the cold winter
weather sets in, so the re-stimulation and testing of the well have
been rescheduled until spring 2012. Cold weather creates additional
challenges in the stimulation process possibly affecting the outcome
of the stimulation. Therefore, due to similar cold weather concerns,
the Saponis group has decided to reschedule the Wytowno S-1 and
Starogard S-1 fracture stimulations to the spring of 2012 as well.

Although an effective test of each zone was not achieved at this
time, we are encouraged by the flared gas volumes and that it
comprised methane, ethane and propane. The Company is looking forward
to effectively testing of all three wells next year.

The Company, through a wholly owned subsidiary, has contracted
with MND Drilling & Services a.s. to begin drilling three wells on
the Company's three wholly owned Indiana Sp. z o.o. blocks starting
in February 2012. The three Indiana blocks, Darlowo, Trzebielino and
Bytow are situated immediately south of Saponis' Slawno and Slupsk
concessions. The Saponis group has agreed to utilize the same
drilling rig to drill up to 3 wells on the Saponis concessions in
which the Company owns approximately 26.7 percent.

The acquisition of the previously announced 2D seismic program,
which consists of about 407 km on the Saponis concessions and 333 km
on the Indiana concessions started on October 8th, 2011. The
objective of the seismic program is to further define basin structure
and burial history as well as to aid in the selection of individual
well locations.

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 Poland and in particular, timing of commencement of
fracture-stimulations, and drilling of additional wells, 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 at http://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 North American 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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