HISTORY - U.S. 1st Qtr 2013 1st Qtr 2015 Product Split * Product Split * 15% Tishomingo Shale Project Sold 42% 43% Oil Gas NGLs 12% 19% 69% Oil Gas NGLs 18.9 netbacks ** 23.3 netbacks ** (48.5 avg WTI price) BNK…
TISHOMINGO FIELD (Ardmore Basin - Oklahoma, USA) Caney/Sycamore Lime is present over BNKs Text BNK Operated Caney well BNK Previously operated Woodford well entire acreage block BNK held by production acreage 16,300 net acres BNK…
TISHOMINGO RESERVES (Pre-Tax Numbers - Ardmore Basin - Oklahoma, USA) NI-51-101 Reserve Report - BNK Interest Forecast Price 10% Discount Case Woodford Shale Caney Reserves Caney Reserves December 31, 2011 December 31, 2013 December…
BNK - CANEY WELLS 800 700 600 BOEPD1Mo.Avg. 500 400 300 200 Well shut-in to frac 15% not originally fracd Offset well 100 fracd into 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24…
TISHOMINGO FIELD (Ardmore Basin - Oklahoma, USA) Text BNK Operated Caney well BNK Previously operated Woodford well Nickel Hill 36-3 BNK held by production acreage Latest well BNK undrilled acreage BNK Lateral completed April…
TISHOMINGO FIELD (Ardmore Basin - Oklahoma, USA) 2014 Year End Reserve Report Text BNK Operated Caney well BNK Previously operated Woodford well 37.4 million gross BOEs 2P * BNK held by production acreage 70.4 million gross…
EUROPEAN PROJECTS - BNK has been operating in Europe for over 4 years - Gas prices +9/mcf - Government takes are comparable or less than U.S. - Key to advancing projects is focusing on environment, government and local community…
PLAY COMPARISON Poland Shale U.S. Caney Project Poland Old*** Spain Gas*** Royalties 18% - 20% 1% 1.5% 0% Gas Prices (approx) 3.00 9.50* 8.60** 19% + SHT (0% - 25%) Corporate Tax Rate 35% 19% 35-40% depending on R factor…
SPANISH PROJECT (heart of Jurassic play in Castilla y Leon) Cantabria Pais Vasco Castilla y Leon Urraca Concession Sedano Navarra Concession BNK Concession BNK Application Rojas Existing Concessions Trofagas…
s BNK JURASSIC SHALE PROJECT 100-200 meter thick Jurassic shale Carbonate 2,500 - 4,500 meter depth Thick black shales Gas & Oil shows in shale and fractured carbonates in Carbonate existing wells Structure defined by…
POLAND PROJECTS Strzezewo -1 Lublewo LEP-1 Lebien 1 & Warblino 2H wells Lubocino Lebork S-1 well - Attempted stimulation 4th qtr 2011 without 3Legs / PGNiG well Drilled Wytowno 1 well 1H well placing enough proppant. No Effective…
SUMMARY - 3 high impact projects - Caney shale oil production growth potential in Tishomingo field 2P - 37.4 million BOEs - 504.4 NPV-10 * - Polish shale gas project - looking for Joint Venture partner - Spanish shale gas and oil…
760 Paseo Camarillo, Suite 350 Camarillo, California 93010 Phone 805-484-3613 www.bnkpetroleum.com Stock ticker BKX on Toronto Stock Exchange