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Last C$0.55 CAD
Change Today -0.02 / -3.51%
Volume 22.2K
BKX On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 2:25 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

bnk petroleum inc (BKX) Snapshot

Open
C$0.55
Previous Close
C$0.57
Day High
C$0.55
Day Low
C$0.53
52 Week High
07/4/14 - C$1.60
52 Week Low
01/29/15 - C$0.26
Market Cap
89.5M
Average Volume 10 Days
284.8K
EPS TTM
C$0.0078
Shares Outstanding
162.7M
EX-Date
--
P/E TM
55.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for BNK PETROLEUM INC (BKX)

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bnk petroleum inc (BKX) Details

BNK Petroleum Inc. engages in exploration, development, production, and marketing of unconventional oil and gas resource plays in the United States, Poland, and Spain. The company produces crude oil, natural gas, and natural gas liquids. It has working interests in approximately 16,295 net acres of shale oil acreage in the Caney/Upper Sycamore formations of the Tishomingo Field, Oklahoma. As at December 31, 2014, the company had proved plus probable gross reserves of approximately 37.4 million barrels of oil equivalent (Boe); and proved plus probable plus possible gross reserves of approximately 70.3 million Boe in the Tishomingo Field. BNK Petroleum Inc. was incorporated in 2008 and is headquartered in Camarillo, California.

Founded in 2008

bnk petroleum inc (BKX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $365.2K
Chief Financial Officer and Vice President
Total Annual Compensation: $261.7K
Vice-President of European Operations
Total Annual Compensation: $275.2K
Vice President of Exploration
Total Annual Compensation: $245.9K
Vice President of U.S. Operations
Total Annual Compensation: $91.3K
Compensation as of Fiscal Year 2014.

bnk petroleum inc (BKX) Key Developments

BNK Petroleum Inc. Provides Update on its Tishomingo Field, Caney Shale Oil Operations in Oklahoma

BNK Petroleum Inc. is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma. The Company has been flowing back the Nickel Hill 36-3H and Emery 17-1H wells after fracture stimulating 22 and 12 stages respectively, as previously announced. Production from the Nickel Hill 36-3H well over the last week averaged about 435 barrels of oil equivalent per day (BOEPD) of which 245 barrels are oil, with the well still cleaning up as the Company restricted the flowback more than normal due to the recent heavy flooding in Oklahoma. The well was drilled in an area of the field that has a more complex localized structure, with the expectation that this would enhance production. It continues to free-flow without an artificial lift and is exhibiting a stronger mix of gas to oil than other Caney wells in this area. The Company believes that some portion of this higher pressured gas is being channeled from a deeper source through a complex fault and fracture system that defines the northern limb of this localized structure. The Company expects the decline rate to be quite shallow as a result of the increased gas with ultimate recovery in line with its type curve. The Emery 17-1H well has also been flowing back after the Company re-entered the well and stimulated 12 stages. The well's 21-day initial production (IP) rate is about 194 BOEPD, of which 164 barrels are oil, with production over the 21 days declining much less than prior Caney wells.

BNK Petroleum Inc. Reports Unaudited Consolidated Production and Earnings Results for the First Quarter Ended March 31, 2015

BNK Petroleum Inc. reported unaudited consolidated production and earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported oil and gas revenue net of royalties of $3,191,000 compared to $5,501,000 a year ago. Net loss and comprehensive loss was $760,000 or $0.00 per share compared to net income and comprehensive income of $250,000 or $0.00 per share a year ago. Cash flow provided by operating activities was $1,282,000 compared to $2,956,000 a year ago. Capital expenditures were $4,318,000 against $12,954,000 for the same period in the last year. For the quarter, the company reported average production of 1,249 Boepd compared to 962 Boepd a year ago. Average netback per barrel was $23.33 compared to $57.36 a year ago.

BNK Petroleum Inc. Provide an Update on its Tishomingo Field, Caney Shale Oil Operations in Oklahoma

BNK Petroleum Inc. provided an update on its Tishomingo Field, Caney shale oil operations in Oklahoma. The company has begun field operations to fracture stimulate 22 stages in the previously drilled Nickel Hill 36-3H (99.4% interest) to take advantage of the cost reductions in oilfield services. The completion costs for the Nickel Hill 36-3H well are estimated to be reduced by more than 30% over 2014 costs. The company is anticipating production results from the well in late May. After the completion operations are finished, the company intends to immediately move the equipment to complete the Emery 17-1H well (98.7% interest) where only 6 of 20 stages were originally completed when a mechanical issue was encountered. The company estimates that at a $50 and $55 WTI oil price its netbacks, excluding the impact of hedges, would be approximately $24 and $27, respectively per barrel of oil equivalent. The company's existing Caney production is on forecast with the 2014 year end NI-51-101 report and in management's opinion is performing very well.

 

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