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August 2018 Enercom Conference – BNK Petroleum Inc.

BNK Petroleum Inc. · Aug 19, 2018 · 23 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. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 1
    EnerCom Presentation (ticker BKX on TSX - BNKPF on OTCQX) August 22nd, 2018
  2. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 2
    BNK PETROLEUM - Shale Oil Producer - SCOOP area, Oklahoma - 2018 Drilling program underway - 2nd Qtr 2018 3.4 million in funds from continuing operations** - 1P - 25 million BOEs - U.S. 259.5 million NPV-10 * - 2P - 47.6 million…
  3. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 3
    MANAGEMENT TEAM - Wolf E. Regener, President and CEO Mr. Regener brings over 30 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. August 2018 Enercom Conference – 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. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 5
    BNK STATS Capitalization Ticker - TSX BKX 2012 - August 2018 BKX Stock Chart Ticker - OTCQX BNKPF Share Price * 0.43 Drilled Polish Gapowo well Shares Outstanding (MM) * 232.7 Market Capitalization (CMM) * C 100.1 Polish Gapowo…
  6. August 2018 Enercom Conference – 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 BNKs interests cover…
  7. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 7
    HISTORY - U.S. 1st Qtr 2013 2nd Qtr 2018 Product Split * Product Split * 15% 14% Tishomingo Shale Project Sold 42% 43% Oil Gas NGLs 12% 75% Oil Gas NGLs 1st Qtr 2013 18.9 netbacks ** US35.6 netbacks ** 147 million…
  8. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 8
    TISHOMINGO FIELD (SCOOP South - Ardmore Basin - Oklahoma, USA) Caney shale is present over BNK Operated Caney well BNKs entire acreage block Text Caney well to be drilled 17,680 net acres - 95% HBPd BNK held by production acreage…
  9. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 9
    TISHOMINGO RESERVES (Pre-Tax Numbers - Ardmore Basin - Oklahoma, USA) NI-51-101 Reserve Report - BNK Interest Forecast Price 10% Discount Case Caney Reserves * Change December 31, 2017 2016-17* Proved Developed Producing 3,651 mboe…
  10. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 10
    EVOLUTION OF THE CANEY Evolution of Caney Project Proof of concept - Caney produces Drilling refinements Lateral Placement West Side PUDs East Side PUDs 1st well in Sycamore, T Zone & Caney Reserves Early wells in T Zone PDP Then…
  11. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 11
    NSAI WELL LOCATIONS 2017 drilling program Chandler 8-6H, Hartgraves 1-6H & Brock 9-2H 2018 drilling program West Side PUDs East Side PUDs Glenn 16-2H - 30 Day IP 630 BOEPD/540 oil WLC 14-1H - 30 Day IP 145 BOEPD/130 oil Brock 4-2H -…
  12. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 12
    DECLINE CURVE COMPARISON Glenn 16-2H well 30 day IP Estimated Ultimate Recovery * is 630 BOEPD - 85% oil 60 day IP 594 BOEPD EUR % OIL PUD 449,000 82% Prob 506,000 81% Possible Curve Poss 629,000 81% Glenn 16-2H well oil rate…
  13. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 13
    RATE OF RETURN Glenn 16-2H well 30 day IP INTERNAL RATE OF RETURN * is 630 BOEPD - 85% oil 60 day IP 594 BOEPD Oil Price PROB POSS 55 flat 30% 46% 60 flat 39% 58% Possible Curve 65 flat 49% 71% Glenn 16-2H well oil rate…
  14. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 14
    RATE OF RETURN FIRST YR DECLINE RATES** INTERNAL RATE OF RETURN * Oil Gas BOE Oil Price PROB POSS Bakken 62% 37% 55% 55 flat 30% 46% Eagleford 80% 63% 72% 60 flat 39% 58% Permian 68% 38% 57% BNK Caney 65 flat 49% 71% 51% 47%…
  15. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 15
    TISHOMINGO FIELD (SCOOP South - Ardmore Basin - Oklahoma, USA) Text BNK Operated Caney well BNK to be drilled in August BNK acreage Reserves* PDP Area evaluated in NI 51-101 PUD Hartgraves 1-6H report. 70% of total acreage…
  16. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 16
    ADDITIONAL BENCHES (BNKs Tishomingo Field, Oklahoma, USA) 1 Mile Net Pay Description Status Net Acres Petrophysics indicate excellent shale Not 40 - 120 8,000 reservoir quality Tested Proved Reservoir All reserves in Proved…
  17. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 17
    COST REDUCTIONS Annual G & A Expense (s in millions) Operating expense per barrel - 6.83/bbl - Annual 2014 21% 4% - 5.05/bbl - Annual 2015 - 5.67/bbl - Annual 2016 - 6.10/bbl - Annual 2017 - 5.59/bbl 2nd Qtr 2018 Cost cutting and…
  18. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 18
    ENTERPRISE VALUE / NAV* Companies with mainly Gas Production EV/NAV value on day of buyout offer from Vermillion - deal closed Did not adjust for acquisitions/divestitures Average is 111% * Based on published shares…
  19. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 19
    ENTERPRISE VALUE / NAV* Companies are mainly gas producers EV/NAV value on day of buyout offer from Vermillion Did not adjust for acquisitions/divestitures - BKX - Year End Reserve Report Average is 69% - C1.28/share…
  20. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 20
    SUMMARY - Caney shale oil production growth potential in Tishomingo field - 2P reserves - 47.6 million BOEs - U.S.486 million NPV-10 * - BOK Financial 30 million credit line (libor +4 on 27 mil, libor + 7 on balance over 27 mil) -…
  21. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 21
    760 Paseo Camarillo, Suite 350 Camarillo, California 93010 Phone 805-484-3613 www.bnkpetroleum.com Stock ticker BKX on Toronto Stock Exchange BNKPF on OTCQX
  22. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 22
    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…
  23. August 2018 Enercom Conference – BNK Petroleum Inc. – slide 23
    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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