BNK Starts Completion Operations

Camarillo, California (ots/PRNewswire) -

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

The Company has begun field operations to fracture stimulate 22
stages in the previously drilled Nickel Hill 36-3H (99.4% interest)
to take advantage of the cost reductions in oilfield services. The
completion costs for the Nickel Hill 36-3H well are estimated to be
reduced by more than 30% over 2014 costs. The Company is anticipating
production results from the well in late May. After the completion
operations are finished, the Company intends to immediately move the
equipment to complete the Emery 17-1H well (98.7% interest) where
only 6 of 20 stages were originally completed when a mechanical issue
was encountered. The Company estimates that at a $50 and $55 WTI oil
price its netbacks, excluding the impact of hedges, would be
approximately $24 and $27, respectively per barrel of oil equivalent.

The Company's existing Caney production is on forecast with the
2014 year end NI-51-101 report and in management's opinion is
performing very well. The Company is continuing its cost cutting
measures to further reduce overhead and costs.

The Company is also obtaining drilling and completion cost
estimates for three additional wells.

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 well
completions including plans, anticipated costs, results, timing,
prices received for products, operating costs and netback estimates.

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, 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 athttp://www.sedar.com, any of which could result
in delays, cessation in planned work 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.

Netback per barrel and its components are calculated by dividing
revenue less royalties and operating expenses by the Company's sales
volume. Netback per barrel is a non-IFRS measure but it is commonly
used by oil and gas companies to illustrate the unit contribution of
each barrel produced. This is a useful measure for investors to
compare the performance of one entity with another. However, non-IFRS
measures do not have any standardized meaning prescribed by IFRS and
therefore may not be comparable to similar measures used by other
companies.

The Company's disclosure 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 more information: Wolf E. Regener, +1 (805) 484-3613, Email:
investorrelations@bnkpetroleum.com, Website:
http://www.bnkpetroleum.com

ots Originaltext: BNK Petroleum Inc.
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