BNK Petroleum Inc. announces operations update

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company" or "BNK") , is providing an
update on its Tishomingo Field, Caney oil shale operations in
Oklahoma, through its indirect wholly owned subsidiary BNK Petroleum
(US) Inc., as well as an update on its Polish operations.

The previously announced fracture stimulation of the (Caney)
Barnes 6-3H well was completed and the well is currently flowing back
fracture stimulation fluid. While only 11% of the stimulation fluid
has been recovered to date, the well has begun producing oil. The oil
rates and cuts have been increasing daily and yesterday the well made
over 120 BOPD. The gas lift mechanism in place is being optimized to
increase the flowback rates from the well. The Company anticipates
that it will take another 2 to 3 weeks before enough stimulation
fluid has been recovered to allow the true initial production rate to
be determined. As a comparison, the Barnes 6-2H Caney well drilled by
the Company in 2012 did not begin producing any oil until 23% of the
stimulation fluid had been recovered.

At the Dunn 2-2H Caney well the rig was released on July 5 and the
well is currently being fracture stimulated. It is anticipated that
this will be finished within the next week after which flowback will
be started. The Company anticipates that it will be approximately 4
to 6 weeks before results will be available. The drilling rig has
since moved to the next Caney well location, the Hartgraves 5-3H,
with spud anticipated within the next 24 hours.

The Company has approximately a 100% working interest in each of
the three Caney wells referred to above. As a result of the Company's
recent operations, the Company's net acreage in the Caney formation
in the Tishomingo Field has increased from approximately 12,200 acres
to 13,400 acres.

In Poland, the government has approved a new ordinance which
streamlines the permitting process to drill wells as deep as 5,000
meters. The ordinance is expected to be put into effect in the next
two weeks. Once the ordinance is in place, the Company will apply to
the Ministry of the Environment for the concession modification which
would allow the drilling of the Gapowo horizontal re-entry as well as
all other vertical wells scheduled in its Concession commitments.

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.

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 statements regarding Caney wells
development and a concession modification application in Poland.
Forward-looking information is based on plans and estimates of
management and interpretations of 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 that indications of early results are reasonably
accurate predictors of the prospectiveness of the shale intervals,
that required regulatory approvals will be available when required,
that no unforeseen delays, unexpected geological or other effects,
equipment failures, permitting delays or labor or contract disputes
are encountered, that 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 on 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 the Company or its subsidiaries is not able for any
reason to obtain and provide the information necessary to secure
required approvals or that required regulatory approvals are
otherwise not available when required, that unexpected geological
results are encountered, that completion techniques require further
optimization, that production rates do not match the Company's
assumptions, that very low or no production rates are achieved, that
the Company is unable to access required capital, 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, and the other risks and uncertainties applicable
to exploration and development 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 athttp://www.sedar.com, 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. The Company undertakes no obligation to update
these forward-looking statements, other than as required by
applicable law.

For further information:

Wolf E. Regener +1 (805) 484-3613
Email: investorrelations@bnkpetroleum.com

Website: http://www.bnkpetroleum.com

(BKX.)

ots Originaltext: BNK Petroleum Inc.
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