BNK Petroleum Inc. Baltic Basin Update

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company") , on behalf of Saponis
Investments Sp z o.o, announced today that it has received additional
data from the Lebork S-1 and Wytowno S-1 wells drilled on the
adjacent Slawno and Slupsk concessions. The new data from the third
party contractors consists of the total organic carbons ("TOCs") for
the three target intervals in the Lebork S-1 well and partial
mineralogy for the target intervals in both the Lebork S-1 and
Wytowno S-1 wells. The TOCs in the Lebork S-1 well ranged from 0.14
to 1.50, averaging 0.8 by percent weight for the Lower Silurian, 0.04
to 6.04, averaging 2.2 by percent weight for the Ordovician and 5.0
to 9.2, averaging 7.2 by percent weight for the Cambrian. Also
received were the Porosity values of the 148 meter thick Lower
Silurian interval which ranged from 1.0 to 9.6, averaging 3.9% in the
Lebork S-1 well. Brittleness tests were run on selected target
intervals, which indicate that these intervals have similar
brittleness values to producing US shales. The mineralogy breakdown
for the different zones is as follows:

LEBORK S-1 WELL WYTOWNO S-1 Well
Lower Lower Shallower
Silurian Ordovician Cambrian Silurian Silurian
Silica In Lab 56% 25% 28% 49%
Carbonate & other In Lab 10% 36%* 27% 26%
Clay In Lab 34% 39% 45% 25%

* Breakdown is 26% Pyrite, 4% Carbonate, 6% other

The Company also announced that the Starogard S-1 well on the
Starogard concession in Poland, in which the Company has an indirect
26.69% interest, has been successfully drilled, cased and cemented to
its total measured depth of 3524 meters. There were 107 meters of
whole core recovered from the well and a full suite of logs was run.
In addition, 100 sidewall cores were taken above the whole cored
interval where good gas shows and preliminary log analysis indicate
potential.

The whole core and sidewall cores were taken to fully evaluate
the physical parameters of the rock. These analyses will provide,
among other data: porosity, permeability, total organic carbon, rock
eval pyrolysis, thermal maturity, gas composition, micropaleontology,
mineralogy, and mechanical properties. During drilling, numerous gas
shows were recorded over 250 meters of the Lower Silurian, Ordovician
and Cambrian shales. The gas shows consisted of, not only Methane
gas, but also Ethane, Propane, Butane, and Pentane. The presence of
heavier hydrocarbons is consistent with the Company's thermal
maturity mapping of the Baltic basin, which shows the Starogard S-1
well in a reduced thermal maturity profile as compared to the Lebork
S-1 and Wytowno S-1 wells. Those two wells had an Ro equivalence of
1.8 which is in the dry gas window. For Starogard S-1, a thermal
maturity profile will be established by utilizing Ro equivalence from
both the Thermal Alteration Index and organic reflectance
measurements. These are the same techniques that were used in Wytowno
S-1 and Lebork S-1 well analyses.

Also consistent with the Company's regional geologic model, the
Cambrian shale thinned to 6 meters from what was found in the Lebork
S-1 well. The Lower Silurian thickness is 147 meters, similar to the
148 meters observed in Lebork S-1 and the prospective Ordovician
shale section is 24 meters thick, approximately inline with the
Lebork S-1 well. The Company anticipates receiving the majority of
core analysis for the Starogard S-1 well by the end of the 4th
quarter.

Completion activity for the Lebork S-1 well is scheduled to begin
in mid-September which is anticipated to be followed by the Wytowno
S-1 well completion. The Company is also reviewing the possibility of
performing the completion of the Starogard S-1 well in conjunction
with the two other wells. Further well analysis and equipment
availability will determine the timing. The Company is utilizing best
industry practices for drilling and testing our wells, including
utilizing bladders to hold the fresh water for fracture stimulating
the well instead of digging a large pit. The bladders ensure complete
isolation from surface soil and water, reduce truck traffic to and
from the site and increase safety. The flowback fluids are flowed
directly into self-contained steel tanks on location. The Company is
also utilizing the most environmentally friendly additives for
fracture stimulation currently available from Schlumberger in Poland.

Permitting has commenced for the previously announced 2D seismic
program, which consists of about 407 km on the Saponis concessions
and 333 km on the Indiana concessions. The Company owns 100% of the
Indiana concessions. An agreement has been signed with a seismic
contractor and acquisition is scheduled to commence in the 4th
quarter of 2011. The objective of the seismic program is to further
define basin structure and burial history as well as to aid in the
selection of individual well locations.

It is anticipated that the previously announced depth to
crystalline basement study will be complete early in the 4th quarter.
The study will cover a large portion of northeast Poland, and
encompass the Saponis and Indiana owned acreage. Interpretation of
the study is expected to provide a better understanding of general
basin geometry, identify sub basins and locate significant
basement-related faulting.

The Wytowno S-1, Lebork S-1 and Starogard S-1 wells are being
drilled by one of the Company's subsidiaries as Manager for Saponis
Investments Sp z o.o.. The Company owns approximately 26.7 per cent
of Saponis with remaining ownership with Rohöl-Aufsuchungs
Aktiengesellschaft, ("RAG") Sorgenia E&P SpA and LNG Energy through
its subsidiary. The Company holds 195,000 net acres in the Baltic
Basin of Poland through Saponis and a further 880,000 adjacent net
acres through Indiana Investments Sp z o.o., its wholly owned
subsidiary.

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 but not limited to information
regarding the Company's current plans and expectations regarding its
concessions in Poland and in particular, timing of commencement and
completion of seismic and other studies, fracture-stimulations,
expected timing of results of core and log analyses, the Company's
expectations as to the outcomes of the foregoing and hypotheses
regarding the geology of the basins in which it has operations and is
conducting exploratory work. Forward-looking information is based on
plans and estimates of management at the date the information is
provided and is subject to certain factors and assumptions of
management, including that no unforeseen delays, unexpected
geological or other effects, equipment failures, permitting delays,
delays in procurement of required equipment or personnel, labor or
contract disputes are encountered as well as that the Company's the
financial condition and the development plans of the Company and its
co-venturers will not change. 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 occurrences such as those referred to above may occur and result
in delays, unexpected geological formations or occurrences
necessitating changes to or cessation in planned work, and that the
financial condition and development plans of the Company or the other
participants in the Wytowno #1, Lebork S-1 and Starogard wells
change, as well as other risks typically associated with joint
ventures with third parties and the risks and uncertainties
applicable to exploration activities and to the Company, 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.

About BNK Petroleum Inc.

BNK Petroleum Inc. is a North American based 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, Germany and Spain. 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.

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

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

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