BKX:TSX; BNKPF:OTCQX

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 its subsidiaries, the company owns and operates shale oil and gas properties in the United States. Additionally, the company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects.
BKX:TSX BNKPF:OTCQX

Expert Comments:

headshot of Bill Newman

Bill Newman, Mackie Research Capital

(3/21/19)
"BNK Petroleum Inc.'s Q4/18 cash flow of $2.5M was in line with our forecast of US$2.3M; the company achieved an impressive field netback of $29.81/bbl or about CA$39.56/bbl for Q4/18. Production in 2018 averaged 1,662 boe/d and generated cash flow of $11.5M."

Technical analyst Clive Maund explains why he expects this company's shares to break out.
read more >

Clive Maund, CliveMaund.com

(3/12/19)
"There has been a big volume buildup in BNK Petroleum Inc., a U.S.-traded stock, since the start of the year, with the on-balance volume line surging in recent weeks. . .this action is viewed as greatly increasing the chances that the upside breakout that we have been looking for is going to occur soon."

An energy company focused on finding and exploiting unconventional sources of oil and gas reserves in the SCOOP region of Oklahoma reported a large increase in 1P reserves.
read more >
headshot of Bill Newman

Bill Newman, Mackie Research Capital

(3/11/19)
"BKX Petroleum Inc. released the results of its year-end 2018 reserves, which showed an 11% increase in Proven and Probable reserves, with an after-tax value of $430.9M or about CA$2.40/share. The increase in reserves is primarily due to the company's 2018 drill program and existing producing wells outperforming previous forecasts."

Bill Newman, Mackie Research Capital

(1/3/19)
"BNK Petroleum Inc.'s Anderson 1-15H10X3 well commenced flowback six days ago. Management believes that due to the extra length of the lateral, the Anderson well will likely require 30 days of flowback before meaningful initial production rates are available. . .we look forward to the results of the Anderson 1-15H10X3 well, which are expected in the coming weeks."

Bill Newman, Mackie Research Capital

(11/9/18)
"BNK Petroleum Inc. recently drilled and cased two horizontal wells, both under budget, in its Tishomingo field. Fracture stimulation of the Brock 4-2H (77% working interest) commenced this week, and completion and testing of the Anderson 1-15H1-X2 well are expected to commence in mid-November."

Two wells in the Oklahoma SCOOP region continue to advance.
read more >
Technical analyst Clive Maund charts a small-cap oil and gas company with a play in Oklahoma's SCOOP region that he sees as a strong buy.
read more >

Bill Newman, Mackie Research Capital

(9/19/18)
"BNK Petroleum Inc. provided an operational update on its drilling program targeting the Caney formation in the Tishomingo field. The Brock 4-2H well (77% working interest) has been drilled and cased after encountering strong hydrocarbon shows; the well will be completed after the Anderson 1-510X3 well (33% working interest) has been drilled and cased."

Experts Following This Company

Clive Maund – CliveMaund.com
headshot of Bill Newman
Bill Newman, Senior Analyst, Energy – Mackie Research Capital

The information provided above is from analysts, newsletters, the company and other contributors.

BNK Petroleum Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
 
Value - current market cap US $77 million, YE reserve report proved us $259 mil, Prov/Prob $486 mil
 
Have over 160 well locations to drill, production is over 75% oil, pricing is WTI less a few dollars
 
2nd Qtr 2018, $3.4 mil in funds from continuing operations (annualizing this doubles last yrs number)
catalyst Calendar
Q4
2018
Drilled Brock 4-2H, 77% WI, balance owned by large international oil company-completion est in Nov
Q4
2018
Q4
2018