BNK Petroleum Inc. Begins Drilling of Hartgraves 1-6H Well

Camarillo, California (ots/PRNewswire) -

TSX ticker symbol; BKX

BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to
announce that it has begun drilling the second well of its 2017
drilling program, the Hartgraves 1-6H well, in the Company's
Tishomingo Field, Oklahoma.

The Hartgraves 1-6H well is expected to be drilled in 30 days.
The Company has a 100% working interest in the well.

The previously announced Chandler 8-6H well is now scheduled to
begin fracture stimulation operations a week later than originally
anticipated, due to the fracture stimulation contractor being delayed
on its previous job. Once the stimulation operations are complete
the Company will immediately begin flowing back the well and put it
on production.

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