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BNK Petroleum Reports Woodford Exploration Well Results

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BNK Petroleum Reports Woodford Exploration Well Results

BNK Petroleum Inc. has announced that the Chandler 8-6H well is producing through facilities, while flowing back fracture stimulation fluids, after its fracture stimulation.

In addition, the Hartgraves 1-6H well, the second well of the Company's 2017 drilling program, has been drilled and cased.

The Chandler 8-6H well began producing significant hydrocarbons at only 3% fluid recovery, far earlier in the flowback process than any of the Company's previous Caney wells.

To date, the well has only recovered 5.4 percent of its total fracture stimulation fluid and has averaged about 260 barrels of oil a day for the last 12 days while still cleaning up.

Assuming the well holds in at current levels, the oil production is above the proved undeveloped (PUD) case type curve for oil used to…

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