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CORPORATE PRESENTATION – BNK Petroleum Inc.

BNK Petroleum Inc. · Jun 1, 2014 · 20 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. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 1
    BNK Petroleum, Inc. Corporate Presentation June 2014 1
  2. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 2
    BNKS OVERVIEW - Near-term production growth from Oklahoma results - 14,700 net prospective acres - Excellent well control and 3D Seismic - Good first results and showing continuous improvement - Drilling days reduced from 45 to…
  3. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 3
    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…
  4. 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. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 5
    BNK STATS 7.0 Capitalization * 6.0 2.40 Spin out 66 MM 5.0 of BNK Placement Ticker BKX - TSX 1.85 2.20 Share&Price&(C)& 4.0 Drilled Polish Share Price 2.01 3.0 Placement Miszewo Well 2.00 Polish Shares Outstanding…
  6. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 6
    HISTORY - U.S. 4th Qtr 2012 4th Qtr 2013 Product Split * Product Split * 15% Sold Tishomingo Shale Project Oil 61% Oil 42% 22% Gas Gas 43% NGLs 17% NGLs 18 netbacks ** 50 netbacks ** BNK has been operating shale gas…
  7. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 7
    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 14,700 net…
  8. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 8
    2013 RESERVE REPORT (Tishomingo Field, Ardmore Basin - Oklahoma, USA) - Reserves based on - 160 acre well spacing (4 wells per section) - 54 net wells forecast to develop 3P 12/31/13 Reserve Report BNK Interest* - 9,200 net…
  9. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 9
    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…
  10. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 10
    BNK 2014 CANEY PLAN BNK'sCaneyWells 700 - Further fracture stimulation optimization 600 - Completing core analysis OilProduciton(bopd) 500 - Completed fracture stimulations in existing wells: 400 300 -…
  11. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 11
    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…
  12. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 12
    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%…
  13. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 13
    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…
  14. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 14
    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 Lublewo LEP-1 - Drilled well Jan 2014 - will drill a horizontal lateral…
  15. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 15
    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…
  16. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 16
    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…
  17. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 17
    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…
  18. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 18
    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…
  19. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 19
    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…
  20. CORPORATE PRESENTATION – BNK Petroleum Inc. – slide 20
    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…

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