BNK Petroleum, Inc. Corporate Presentation January 2014 1
BNKS OVERVIEW Near-term production growth from Oklahoma results 14,880 net prospective acres Excellent well control and 3D Seismic Good first results and showing continuous improvement Drilling days reduced from 45 to less than 20…
MANAGEMENT TEAM Wolf E. Regener, President and CEO Mr. Regener brings over 25 years of conventional and unconventional E&P experience to BNK Petroleum, Inc.. In his role as Executive Vice President of Bankers Petroleum Ltd., and…
BOARD OF DIRECTORS Ford Nicholson, Chairman Ford 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 7.0 Capitalization * 6.0 2.00 Spin out 66 MM Ticker BKX - TSX 5.0 of BNK Placement 1.80 4.0 1.85 Share Price 1.68 Share&Price&(C)& Drilled Polish Placement Miszewo Well 3.0 1.60 Shares Outstanding (MM) 144.5…
HISTORY - U.S. Tishomingo Shale Project 36 million BOE 2P - 2012 Year End * Sold Woodford Shale Reserves 35.5 mil BOE Caney (2P 1.3 mil gross/422,000 net to BNK) BNK has been operating shale gas projects since January 2005 *…
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 14,880 net acres BNK…
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 ExpectedTypicalCaneyWell Stimulating 7 stages in Leila 31-2H in January 700 (Internalmodelingbasedonresultstodate) Further fracture stimulation optimization DailyProduciton(bopdandboepd) 600…
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 relations…
PLAY COMPARISON U.S. Caney Project Baltic Poland*** Germany Spain Royalties 18% - 20% 1% 10-20% 0% September Gas Prices 3.50 11* 10.50 11.50** (approx) Corporate Tax Rate 35% 19% 30% 35-40% Acres 14,880 1,295,000 1,000,000…
POLAND PROJECTS Lebien 1 & Strzezewo -1 Warblino 2H wells 1H well Lubocino Lebork S-1 well - Attempted stimulation 4th qtr 2011 3Legs / PGNiG Drilled Wytowno 1 well well without placing enough proppant. No Effective Test Conoco…
POLAND PROJECTS Lebien 1 & 2H wells 2H tested unassisted flow of 230-300 MCF/day Strzezewo -1 - Fracd Alum Warblino 1H well 90 MCF/day Alum Test PGNiG Lubocino 1 & 2H wells - Both flared, rates not reported Conoco/ Wytowno 1 well…
LOWER SILURIAN CORE Lebien 1 & Strzezewo -1 Warblino 2H wells Lubocino 1H well 3Legs / PGNiG well Lebork S-1 well Wytowno 1 well Conoco Opalino Horiz well BNK - Gapowo B-1 well Lewino Drilled July 2012 - Received EIA, and…
BALTIC BASIN DIAGRAM Miszewo T-1 Gapowo B-1 Lebork S-1 Gapowo B-1 Well Gapowo B-1 Well Gas in Place** Over-pressured shales 135 BCF per section Very high gas readings in Lower 86 BCF per section in Silurian and Ordovician - Avg…
SPANISH PROJECT (heart of Jurassic play in Castilla y Leon) Arquetu Concession Cantabria Pais Vasco Castilla y Leon Urraca Concession Sedano Navarra Concession BNK Concession BNK Application Rojas Existing Concessions…
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…
ACREAGE COMPARISON 14,800 acre square (size of BNKs net acreage in Tishomingo field) * The higher the number the more shale versus carbonate ** Usually shallower portions of the basin during depositional times accumulate higher…
GOING FORWARD PLANS Tishomingo Field, Oklahoma Hartgraves 5-3H, T Zone well - Producing, had a 4 day rate 1,200 BOEPD during flowback, 30 day rate 588 BOEPD Barnes 7-2H, Lower Caney well - 4 day IP rate 750 BOEPD, 520 BOPD, 30 day…
SUMMARY Closed 147.5 million sale of Woodford Tishomingo Assets in April, 2013* 3 high impact projects with enough cash to fund them Caney oil shale production growth potential in Tishomingo field Polish shale gas project Spanish…