BNK Petroleum Inc. Announces German Fractured Carbonate Project

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
concession, along with the previously awarded Seeadler and Steinadler
concessions, target a fractured carbonate play within a proven
hydrocarbon system. This project has the potential for wet gas as
well as liquids rich production. The Carbonates are in direct contact
with an organically rich shale, which is the source rock. There are
vintage fields within the concession boundaries that produced both
oil and gas. Other operators in Germany and elsewhere in Europe are
pursuing similar play concepts.

Similar to the prolific Austin Chalk play in the United States,
the Company believes that these naturally fractured carbonate
reservoirs can best be developed by using technologically advanced
conventional horizontal drilling and completion techniques. This type
of well provides contact with a greater number of hydrocarbon bearing
fractures, resulting in better well productivity and significantly
reduces the number of wells needed to develop the resource, thereby
minimizing the operational surface area utilized.

The concession terms include certain minimum requirements, which
must be fulfilled by BNK to retain its interest. The more significant
minimum requirements include the requirement to conduct geologic work
in the 1st year, acquire 2D seismic in the 2nd year, drill a vertical
well in years 3 and 4 and drill a horizontal well in year 5.

POLAND

In Poland, as previously announced, a drilling rig has been
contracted to begin drilling the first of three wells on the
Company's Indiana concession blocks. Lease construction is scheduled
to begin in January 2012 and the drilling rig is expected to mobilize
to the first location in late February to early March. The Company is
also in the process of applying for approval to drill horizontal
wells on its concessions.

The previously announced 2D seismic program is progressing with
approximately 35% of the data already acquired. Approximately sixty
percent of the acquired lines are currently being processed and we
anticipate receiving that data by year-end. The program consists of
about 407 km on the Saponis concessions and 333 km on the Indiana
concessions. 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.

FINANCIAL ADVISOR

BNK Petroleum plans to appoint a financial advisory firm by
year-end, to assist in the evaluation of farm-in inquiries received
on a number the Company's wholly owned European projects. Consistent
with its business strategy, the Company's objective is to create
synergies for the development of the Company's European projects
through its selection of farm-in partners.

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 information regarding the
Company's current plans and expectations regarding the amenability of
the carbonate fractured formations to development by certain
techniques, minimum commitments for the Weinbergen concession, timing
of commencement of drilling the first well on its Indiana
concessions, planned exploration programs, including seismic
acquisition and expected timing of completion and results of data
processing, the anticipated appointment of financial advisors and the
Company's objectives in respect of farm-ins on its projects.
Forward-looking information is based on plans and estimates of
management and interpretations of early exploration information by
the Company's exploration team at the date the information is
provided and is subject to several 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, that the Company's
financial condition and the development plans of the Company and its
co-venturers will not change, that the demand for oil and gas will be
sustained, that the Company will continue to be able to access
sufficient capital through financings, farm-ins or other
participation arrangements to maintain its projects, and that global
economic conditions will not deteriorate in a manner that has an
adverse impact the Company's business, its ability to advance its
business strategy and the industry as a whole. 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 any of the assumptions on which such
forward looking information is based vary or prove to be invalid,
including that occurrences such as those that are assumed will not
occur, do in fact occur, and those conditions that are assumed will
continue or improve, do not continue or improve, any of which could
result in delays, cessation in planned work or loss of one or more
concessions and have an adverse effect on the Company and its
financial condition. These risks as well as the other risks and
uncertainties applicable to exploration activities and the Company's
business 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 an 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,
Spain and Germany. 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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