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June 2017 Corporate Presentation – BNK Petroleum Inc.

BNK Petroleum Inc. · Jun 1, 2017 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 1
    BNK Petroleum, Inc. (ticker BKX on TSX - BNKPF on OTCQB) Corporate Presentation June, 2017 1
  2. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 2
    BNK PETROLEUM - Shale Oil Producer - SCOOP area, Oklahoma - Drilling program re-started December 2016 - Strong hedges in place - 2P - 42 million BOEs - U.S.370.7 million NPV-10 * - 3P - 66.5 million BOEs - U.S.695.4 million NPV-10…
  3. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 3
    MANAGEMENT TEAM - Wolf E. Regener, President and CEO Mr. Regener brings over 29 years of conventional and unconventional E&P experience to BNK Petroleum Inc.. In his role as Executive Vice President of Bankers Petroleum Ltd., and…
  4. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 4
    BOARD OF DIRECTORS - Ford Nicholson, Chairman Mr. Nicholson is the President of Kepis & Pobe Financial Group which specializes in developing international energy and other natural resource assets. Over the past 25 years Ford has…
  5. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 5
    BNK STATS Capitalization 7.0 Ticker BKX - TSX Share Price * 0.21 Shares Outstanding (MM) * 232.7 6.0 Market Capitalization (CMM) * C48.9 U.S. Market Capitalization * U.S. 37 5.0 Cash (U.S.MM) ** 7.0 Working Capital (U.S.MM) **…
  6. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 6
    TISHOMINGO FIELD (SCOOP South - Ardmore Basin - Oklahoma, USA) STACK Operators Devon Energy Continental Resources Exxon Mobil Newfield Exploration Cimarex Energy Marathon Oil Company Other SCOOP BNKRights…
  7. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 7
    HISTORY - U.S. 1st Qtr 2013 1st Qtr 2017 Product Split * Product Split * 15% Tishomingo Shale Project Sold 42% 43% Oil Gas NGLs 15% 12% 72% Oil Gas NGLs 1st Qtr 2013 18.9 netbacks ** 25.81 netbacks ** 147 million…
  8. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 8
    TISHOMINGO FIELD (SCOOP South - Ardmore Basin - Oklahoma, USA) Caney shale (Merimecian Age Formation) is present over Text BNK Operated Caney well BNK Caney awaiting fracture stimulationn BNKs entire acreage block BNK held by…
  9. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 9
    PDP FORECAST VS ACTUAL (Tishomingo Field - Ardmore Basin - Oklahoma, USA) 2,000 1,800 1,600 Additional completions 1,400 4thQuarter2015PDPwas20% 1,200 higherthanNSAI2014forecast 1,000 BOEPD 800 The estimated ultimate…
  10. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 10
    TISHOMINGO RESERVES(Pre-Tax Numbers - Ardmore Basin - Oklahoma, USA) NI-51-101 Reserve Report - BNK Interest Forecast Price 10% Discount Case Caney Reserves December 31, 2016 Proved Developed Producing 2,423 mboe 34.9 mil Proved…
  11. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 11
    EVOLUTION OF THE CANEY Evolution of Caney Project Proof of concept - Caney produces Drilling refinements Lateral Placement NewCompletions West Side PUDs East Side PUDs 1st well in Sycamore, T Zone & Caney Reserves Early wells in T…
  12. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 12
    NSAI WELL LOCATIONS Re-started drilling program Chandler 8-6H - Drilled, cased & fracture simulated: On production NewCompletions Hartgraves 1-6H - Drilled, Cased and prepd - West Side PUDs East Side PUDs Reserves waiting on…
  13. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 13
    800 DECLINE VS NEXT WELLS First 2 wells drilled Hartgraves 1-6H 700 Chandler 8-6H 600 Brock 9-2H BOEPD- Mo.Avg. Barnes 7-2 500 Wiggins 12-8 Possible Curve 400 300 PUD East 200 Curve Probable Curve 100 Well…
  14. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 14
    800 RATE OF RETURN RATE OF RETURN * 700 Oil Price PROB POSS 50 flat 23% 38% 600 BOEPD- Mo.Avg. 55 flat 31% 48% Strip *** 33% 51% 500 Possible Curve Wiggins 12-8 if lateral were full length ** 400 300 PUD East 200…
  15. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 15
    TISHOMINGO FIELD (SCOOP South - Ardmore Basin - Oklahoma, USA) 2016 Year End Reserve Report Text BNK Operated Caney well BNK held by production acreage 42.0 million gross BOEs 2P * BNK acreage 66.5 million gross BOEs 3P * Area…
  16. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 16
    ADDITIONAL BENCHES (BNKs Tishomingo Field, Oklahoma, USA) 1Mile NetPay Description Status NetAcres Petrophysicsindicate excellentshale Not 40-120 8,000 reservoirquality Tested ProvedReservoir Allreservesin Proved 105-230…
  17. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 17
    COST REDUCTIONS Annual G & A Expense (s in millions) Operating expense per barrel 5,000 - 6.83/bbl - Annual 2014 4,789 21% - 5.05/bbl - Annual 2015 4,000 - 5.67/bbl - Annual 2016 3,760 3,000 Reductions from 2014 to 2015 due to 2,000…
  18. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 18
    ENTERPRISE VALUE / NAV* EVtoProvedReserveNAV 200.0% 180.0% 160.0% 140.0% 120.0% Average is 108% 100.0% 177% 171% 80.0% EVtoProved+ProbableReserveNAV 90% 126% 60.0% 100% 104% 99% 92% 95% 97% 97% 80% 40.0% 70% 20.0%…
  19. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 19
    SUMMARY - Caney shale oil production growth potential in Tishomingo field 2P - 42 million BOEs - U.S.370.7 million NPV-10 * - New BOK Financial 25 million credit line, June 2017 - 2016 Cash flow of U.S.5.2 million (continuing…
  20. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 20
    760 Paseo Camarillo, Suite 350 Camarillo, California 93010 Phone 805-484-3613 www.bnkpetroleum.com Stock ticker BKX on Toronto Stock Exchange BNKPF on OTCQB 22
  21. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 21
    OKLAHOMA EARTHQUAKES 2000 - 2016 Earthquakes over magnitude 2.5 OCC New Earthquake Directive Areas Oklahoma injects over Outline of the southern extent of Mississippi 6.5 million bbls/day ** Lime Exploration BNK produced about…
  22. June 2017 Corporate Presentation – BNK Petroleum Inc. – slide 22
    OKLAHOMA INJECTION WELLS Class II Injection wells There are over 13 Thousand Class II Injection wells in Oklahoma OCC New Earthquake Directive Areas - OCC took first action in Sept 2013* - Since then 227 wells have been Cushing…

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