BNK Petroleum reports initial production of 730 boed at Brock 9-2H well

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10/13/2017

CAMARILLO, California — BNK Petroleum Inc. has announced that the Brock 9-2H well (100% working interest) averaged about 730 boed, of which 625 bbl are oil, for the last 5 days, while still producing back completion fluid. The production from the well, which is located in BNK’s Tishomingo field, in the SCOOP region of Oklahoma, is currently over 600 boed, of which 520 bbl are oil (87%) and appears to be stabilizing.

Commenting on the announcement, Wolf Regener, president and CEO, said: “Our Brock 9-2H well is currently producing oil at rates that are 39% higher than the possible type curve used to estimate the reserves attributed to the Company’s Tishomingo field. If the production follows a similar path to our previous well, the Hartgraves 1-6H, then it should have an excellent 30-day initial production (IP) rate, well over the possible type curve.

“The Brock 9-2H well was identified as a possible location on our year-end 2016, NI 51-101 reserve report and is about a mile east of the closest proved location on that reserves report. This well demonstrate the excellent production that is achievable as we continue to expand our drilling in the field further east. “This outstanding result comes in addition to the strong results from our previous well, the Hargraves 1-6H. The Hargraves 1-6H well produced a 30-day IP rate of 385 boed (317 bbl oil), which oil rate is above the probable type curve used to estimate the Company’s reserves. These two wells bring our current production to over 1,800 boed, which has significantly increased our cash flow.”

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