BNK Petroleum Inc. Provides Poland and U.S. Update

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company") provides the following update
on its operations in Poland and Oklahoma.

Poland

The Miszewo T-1 well, on the Trzebielino Concession in Poland
held by the Company's 100% owned subsidiary, Indiana Investments Sp.
z o.o. ("Indiana"), has been drilled to a depth of approximately
5,400 meters. Muted gas shows were recorded while drilling and coring
in the target intervals of the well. A full suite of wireline logs
were run which suggest that the facies of the target intervals have
changed due to a different depositional environment likely related to
faulting. The Company acquired 505 meters of whole core, which will
be analysed to verify the wireline log readings and to provide
additional basin information. The Company has suspended the well and
released the drilling rig.

Early core analysis from the Silurian portion of the Gapowo B-1
core verifies the Company's belief that the Gapowo B-1 well was
drilled in a portion of the basin that is highly prospective for
shale gas. The core data is showing that the lower Silurian has
higher porosities, permeability and Total Organic Carbon than in the
comparable intervals in all other Baltic Basin BNK Petroleum Inc.
operated wells. The Company has also received the gas isotope
analyses which indicates overpressured, higher permeability shales.
These analyses also validate the high gas readings observed while
drilling the Gapowo B-1 well. As previously reported, the average
total gas readings were over 20 times higher and maximum total gas
readings were over 45 times higher than those seen in the Lebork S-1
well. These higher gas shows occurred despite the significantly
higher-weight drilling muds used in the Gapowo B-1 well and the
related slower rates of penetration. The Company is still awaiting
the core analysis results of the Ordovician interval.

Incorporating the new data into the geologic model indicates that
the prospective zones in the Gapowo B-1 well still extend over a
significant portion of BNK's Indiana concessions. The Company is
awaiting the full concession modification approval, which will allow
the re-entry of the Gapowo B-1 well to drill a horizontal leg to test
these highly promising zones.

Oklahoma

The Company operated horizontal Barnes 6-2H well in Oklahoma,
targeting the Lower Caney and Upper Sycamore (Mississippian Lime
equivalent) formations, has been drilled and cased to total depth
with 4,274 feet of lateral section. The well was drilled partially in
the Sycamore, and partially in two lower members of the Caney
formation, which will help optimize future horizontal wells. The
drilling rig has been released and the Company is anticipating
testing the well in the coming weeks, after the fracture stimulation
is completed. This new horizontal Caney test follows the encouraging
results of the vertical Caney/Upper Sycamore test previously
announced which continues to produce 100% oil.

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 gas properties and concessions in the United States, Poland,
Spain and Germany. Additionally the Company is utilizing its
technical and operational expertise to identify and acquire
additional unconventional projects outside of North America. 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 information regarding the
Company's current plans and expectations in regard to the Gapowo B-1
well including its expectations regarding prospective shales and the
Caney well, including as to timing of fracture stimulation and other
well operations, expected outcomes of exploration programs on its
Indiana concessions, and expected timing of completion and results of
data processing. Forward-looking information is based on plans and
estimates of management and interpretations of early 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 the indications of early
results are reasonably accurate predictors of the prospectiveness of
the shale intervals, that required regulatory approvals will be
available when required and on terms that are acceptable to the
Company, that no unforeseen delays, unexpected geological or other
effects, equipment failures, permitting delays, labor or contract
disputes are encountered, that the Company's financial condition and
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 that global economic conditions will not
deteriorate in a manner that has an adverse impact 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, 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, 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. These
risks as well as the other risks and uncertainties applicable to
exploration 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. The Company undertakes no
obligation to update these forward-looking statements, other than as
required by applicable law.

For further information:
Wolf E. Regener +1(805)484-3613
Email: investorrelations@bnkpetroleum.com
Website: http://www.bnkpetroleum.com
(BKX.)

ots Originaltext: BNK Petroleum Inc.
Im Internet recherchierbar: http://www.presseportal.de