BNK Announces Operations Update

Camarillo, California (ots/PRNewswire) -

TSX ticker symbol; BKX

BNK Petroleum Inc. (the "Company" or "BNK") is providing an
update on its Tishomingo Field, Caney oil shale operations in
Oklahoma as well as its Polish shale gas project.

Oklahoma - Tishomingo Field

The Company is currently flowing back the Wiggins 11-2H well
following its recent hydraulic fracturing treatment. During this
flowback, the Wiggins 11-2H had a 48 hour initial production rate of
550 barrels of oil equivalent per day (BOEPD), of which 355 barrels
were oil. Preliminary data indicates that its production rate is
similar to other Caney wells drilled by BNK, in particular the
Wiggins 12-8H and Barnes 7-2H wells. An artificial lift system was
recently run into the well and is currently being optimised.

The Hartgraves 1-5H well has been drilled and casing has been run
and cemented in place. The well has approximately 4,900 feet of
lateral available for fracture stimulation, which is scheduled to
begin next week. The Company continues to refine what it believes is
the most productive stratigraphic interval and is utilizing improved
geosteering tools to place the lateral in this interval. To reduce
drilling and completion costs and attempt to enhance the productivity
of the wells, the Company has been integrating the geology, 3D
seismic, core results and advanced logging while drilling techniques.

The Company's drilling and completion costs for its future wells
are currently estimated to be about $7.1 million per Caney well. This
is a reduction of 11 percent from our previously estimated costs of
$8 million.

The drilling rig is mobilizing to the Emery 17-1H location. After
drilling the Emery 17-1H well, the Company's net Caney acreage will
have increased to about 15,900 acres.

Gapowo B-1 well - Poland

The downhole pressure gauges that were put into the Gapowo B-1
well are planned to be recovered this week. As previously announced,
the data gathered from the gauges is expected to provide the
remaining information required to complete our reservoir model
analysis. The Company anticipates completing the reservoir analysis
in October.

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 oil and gas properties and concessions in the United States,
Poland and Spain. Additionally the Company is utilizing its technical
and operational expertise to identify and acquire additional
unconventional projects. 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
and Gapowo B-1 well development, including plans, anticipated results
and timing, including estimated future Caney well costs.
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 indications of early results are reasonably accurate
predictors of the prospectiveness of the shale intervals, that
anticipated results and estimated costs will be consistent with
managements' expectations, that new stimulation techniques will be
successful, that the Company's geological analyses are accurate, 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
or shortages 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 carry out its
plans 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 anticipated results and
estimated costs will not be consistent with managements'
expectations, new completion techniques proving to be unsuccessful,
the Company's geological analyses proving to be inaccurate, 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
equipment failures, permitting delays or labor or contract disputes
or shortages 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 at
http://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.

BOEs/boes (barrels of oil equivalent) may be misleading,
particularly if used in isolation. A boe conversion ratio of 6 Mcf:1
Bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value
equivalency at the wellhead.

This news release contains peak and initial production rates and
other short-term production rates. Readers are cautioned that initial
production rates are preliminary in nature and are not necessarily
indicative of long-term performance or of ultimate recovery.

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