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.

Expert Comments:

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.
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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.
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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
Bill Newman, Senior Analyst, Energy – Mackie Research Capital

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

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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
Drilled Brock 4-2H, 77% WI, balance owned by large international oil company-completion est in Nov