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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2142)	9/13/2013 5:57:23 PM
From: Goose94	Read Replies (1) \| Respond to of 203767

BNK Petroleum (BKX-T) added to S&P/TSX SmallCap Index - attention please.

To: Goose94 who wrote (2142)	10/3/2013 10:19:26 AM
From: Goose94	Read Replies (3) \| Respond to of 203767

BKX-T new 52 week high, $1.57 Oct 3rd 2013 - News Release BNK Petroleum Inc. is providing an update on its Tishomingo field, Caney oil shale operations, in Oklahoma. The company's Hartgraves 5-3H Caney well was fracture stimulated in September, and, while it is early in the flow back phase, the well has, over the last four days, averaged 1,200 barrels of oil equivalent per day, of which 585 barrels a day are oil. The early production from this well is more constant and twice as good as the best and previously drilled and fracture stimulated Caney well, the Dunn 2-2H. The Dunn 2-2H well had a 24-hour peak rate of 620 barrels of oil equivalent per day, of which 300 barrels were oil. The 30-day initial production rate for this well is 420 barrels of oil equivalent per day, of which 195 barrels are oil. The Barnes 6-3H well, where only 11 out of 17 stages were fracture stimulated, had a 30-day IP rate of 200 barrels of oil equivalent per day, of which 93 barrels were oil. The company believes that the improved production achieved in each successive Caney well is entirely the result of continuous improvements in frack design as geologically no significant variations can be observed. The company believes that the latest design used in the Hartgraves 5-3H well will also reduce the initial production decline and increase overall recoveries by accessing a much larger part of the oil shale near the lateral. The estimated cost to drill and complete the current set of new Caney wells is approximately $11-million per well. It is anticipated that with further design optimization and a continuous drilling and stimulation program, these costs can eventually be reduced to between $7-million and $9-million per well. The company's latest Caney well, the Barnes 7-2H, has been vertically drilled and whole core, and a full suite of open-hole logs were taken through the Caney, T-zone and Upper Sycamore formations. These data were acquired to further understand the reservoir, optimize drilling and fracture stimulation designs, prepare the development program, support reserves estimates, and aid in the end-of-year reserves report. Subsequently, the well was plugged back and is currently drilling the lateral portion of the horizontal leg. It is anticipated that fracture stimulation operations will begin near the end of October. The drilling rig will then be moved to the next location, the Wiggins 12-8H. The company has approximately a 100-per-cent working interest in each of the five Caney wells referred to herein. As a result of the company's recent operations, the company's net acreage in the Caney formation in the Tishomingo field has increased to approximately 13,600 acres. We seek Safe Harbor.