BNK Petroleum Inc. Operations Update

Camarillo, California (ots/PRNewswire) -

TSX ticker symbol; BKX

BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to
announce that the Chandler 8-6H well is producing through facilities,
while flowing back fracture stimulation fluids, after its fracture
stimulation. In addition, the Hartgraves 1-6H well, the second well
of the Company's 2017 drilling program, has been drilled and cased.

The Chandler 8-6H well began producing significant hydrocarbons at
only 3% fluid recovery, far earlier in the flowback process than any
of the Company's previous Caney wells. To date, the well has only
recovered 5.4 percent of its total fracture stimulation fluid and has
averaged about 260 barrels of oil a day for the last 12 days while
still cleaning up. Assuming the well holds in at current levels, the
oil production is above the proved undeveloped (PUD) case type curve
for oil used to estimate the reserves attributed to the Company's
Tishomingo Field. The well is also producing a higher oil percentage
(85%) than the PUD case type curve assumes (75%). The 12 day average
production is above 300 barrels of oil equivalent per day (BOEPD).

The Hartgraves 1-6H well was drilled safely and on budget and the
drilling rig is now mobilizing to the Brock 9-2H location, which will
be the third well of the Company's 2017 drilling program. The Company
has a 100% working interest in the Brock 9-2H well. The Company is
currently awaiting bids for the fracture stimulation of the
Hartgraves 1-6H well.

In addition, two of the four previously announced Woodford wells,
that the Company participated in, are in flowback. The Company's
share of production from the two wells is currently about 70 BOEPD
(~28% oil). The other two wells are expected to begin production
shortly.

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.
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 the timing
of and expected results from planned Caney wells development and the
timing of production and the performance of planned wells.
Forward-looking information is based on plans and estimates of
management and interpretations of data by the Company's technical
team at the date the data 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, including flooding and
extended interruptions due to inclement or hazardous weather
conditions, 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 offset
operator's operations will proceed as expected by management, 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 equipment
failures, permitting delays or labor or contract disputes or
shortages are encountered,the risks associated with the oil and gas
industry (e.g. operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
and development projects or capital expenditures; the uncertainty of
reserve and resource estimates and projections relating to
production, costs and expenses, and health, safety and environmental
risks, including flooding and extended interruptions due to inclement
or hazardous weather conditions), that the offset operator's
operations have unexpected adverse effects on the Company's
operations, 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.

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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Original-Content von: BNK Petroleum Inc., übermittelt durch news aktuell