BNK Petroleum Inc. operations update

 CAMARILLO, CA, April 7, 2014 /CNW/ - BNK Petroleum Inc. (the "Company" or  "BNK") (TSX: BKX) is providing an update on its Polish shale gas project as  well as its Tishomingo Field, Caney oil shale operations in Oklahoma.  Poland  The fracture stimulation design for the first portion of the Gapowo B-1 well  has been finalized, subcontractors have been selected and construction of  surface equipment and water storage facilities are complete.  The fracture  stimulation equipment is currently being positioned while the Company awaits  final approval of the completion portion of Plan Ruchu.  The Company is hoping  to receive the approved Plan Ruchu the week of April 14(th), so that  operations can commence.  Oklahoma update  The Company has successfully fracture stimulated the remaining 15% of the  lateral section from the Barnes 7-2H well that was not previously stimulated.   The well is flowing back and is currently being tested.  Early results  indicate that the Company has successfully reduced the cost of the Caney  fracture stimulations while maintaining similar production results. The  Company currently anticipates fracture stimulating the Leila 31-2H well in mid  April.  The services and plans for drilling the next Caney wells have been finalized.   Site preparation for two Caney locations are nearly finalized and work is  expected to commence on a third location in the coming weeks.  The Company is  currently negotiating with a number of rig contractors and anticipates  starting its next drilling phase in May.  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, Poland and Spain. 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 Caney wells and Gapowo B-1 well development,  including plans, anticipated results and timing. Forward-looking information  is based on plans and estimates of management and interpretations of  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 indications of early results are reasonably  accurate predictors of the prospectiveness of the shale intervals, that  anticipated results and estimated costs will be consistent with managements'  expectations, that new stimulation techniques will be successful, that the  Company's geological analyses are accurate, that required regulatory approvals  will be available when required, that no unforeseen delays, unexpected  geological or other effects, equipment failures, permitting delays or labor or  contract disputes or shortages are encountered, that 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 carry out its plans, 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  anticipated results and estimated costs will not be consistent with  managements' expectations, new completion techniques proving to be  unsuccessful, the Company's geological analyses proving to be inaccurate, 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,  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, 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.    SOURCE  BNK Petroleum Inc.  Wolf E. Regener +1 (805) 484-3613  To view this news release in HTML formatting, please use the following URL:  CO: BNK Petroleum Inc. ST: California NI: OIL  
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