BNK Petroleum, Inc. Corporate Presentation September 2014 1
BNKS OVERVIEW - Near-term production growth from Oklahoma results - 15,500 net prospective acres - Excellent well control and 3D Seismic - Good first results and showing continuous improvement - Drilling days reduced from 45 to…
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…
BNK STATS Capitalization * 7.0 6.0 Spin out 66 MM Placement Announced Tishomingo Announced Bought deal of BNK Reserves financing at 2.20 Ticker BKX - TSX 5.0 1.85 Year End 2.40 Drilled Polish Results…
HISTORY - U.S. 1st Qtr 2013 2nd Qtr 2014 Product Split * Product Split * 15% Tishomingo Shale Project Sold 42% 43% Oil Gas NGLs 14% 14% 72% Oil Gas NGLs 18.9 netbacks ** 58.9 netbacks ** BNK has been operating…
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 15,500 net…
2013 RESERVE REPORT (Tishomingo Field, Ardmore Basin - Oklahoma, USA) - Reserves based on - 160 acre well spacing (4 wells per section) 12/31/13 Reserve Report BNK Interest* - 54 net wells forecast to develop 3P MBOEs NPV 10% -…
CANEY PROGRESS Constant improvement - Path towards full development Proof of concept - Caney produces 30%Day%Oil%Rate% Increasing production rates and increasing recoverable reserves 600 Stimulation improvements 500 Optimizing…
BNK 2014 CANEY PLAN BNK'sCaneyWells - Planned continuous drilling with one rig 700 - Further well optimization 600 - Integrated all geology, Core info & 3D Seismic OilProduciton(bopd) 500 - Refinement of Lateral…
EUROPEAN PROJECTS - BNK has been operating in Europe for over 4 years - Gas prices +10/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 Poland Shale Gas U.S. Caney Project Spain Currently*** Proposed*** Royalties 18% - 20% 1% 1.5% 0% March Gas Prices 4.50 10.55* 15.10** (approx) 19% + SHT (0% - 25%) Corporate Tax Rate 35% 19% 35-40%…
POLAND PROJECTS Strzezewo -1 Lublewo LEP-1 Lebien 1 & Warblino 2H wells Lubocino Lebork S-1 well - Attempted stimulation 4th qtr 2011 3Legs / PGNiG Drilled Wytowno 1 well 1H well well without placing enough proppant. No Effective…
POLAND PROJECTS Lebien 1 & 2H wells Strzezewo -1 - Fracd Alum & Ordovician, flowed gas w/Nitrogen lift, shut-in for pressure buildup test 2H tested unassisted flow of 230-300 MCF/day Lublewo LEP-1 - Fracd and flowing back Sept 2014…
BALTIC BASIN DIAGRAM Miszewo T-1 Gapowo B-1 Lebork S-1 Gapowo B-1 Well Over-pressured shales Very high gas readings in Lower Silurian and Ordovician - Avg readings 20 times higher, Maximum reading 45 times higher* Fault Target…
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…
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 numerous 2D…
ACREAGE COMPARISON 12,500 acre square (size of BNKs net acreage in Tishomingo field when Woodford was sold to Exxon) * The higher the number the more shale versus carbonate ** Usually shallower portions of the basin during…
SUMMARY - Closed 147.5 million sale of Woodford Tishomingo Assets in April, 2013* - 3 high impact projects with enough cash to fund them - Caney shale oil production growth potential in Tishomingo field - Polish shale gas…
760 Paseo Camarillo, Suite 350 Camarillo, California 93010 Phone 805-484-3613 www.bnkpetroleum.com Stock ticker BKX on Toronto Stock Exchange 22
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