Camarillo, California (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) is pleased to announce that Mr. Martin Robert is joining the Company as Vice President of Engineering and Operations. Mr. Robert has extensive managerial and operational experience in Canada, France, The Netherlands, Russia and Argentina. Until recently, Mr. Robert was the President and CEO of ArPetrol [...]
Tag Archive > Petroleum Inc
BNK Petroleum Inc. Announces Increase in Available Credit Under Reserve Based Facility
Camarillo, California, November 11 (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) announced today that BNK Petroleum (US) Inc.’s Credit Facility has been amended to increase the amount of credit available under the borrowing base to US$23.8 million from US$20 million. The Bank of Oklahoma N.A. is providing this additional credit line of US$3.8 million. As [...]
BNK Petroleum Inc. Announces Closing of Second Tranche of $66 Million Private Placement
Camarillo, California, November 8 (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) is pleased to announce that the second and final tranche of the previously announced CAD$66 million private placement has closed. 15,400,000 shares were issued to Quantum Partners L.P. (“Quantum”) for total gross proceeds of CAD$39,116,000. The shares are subject to a four month hold [...]
/C O R R E C T I O N — BNK Petroleum Inc/
Calgary, Alberta, November 5 (ots/PRNewswire) – In the news release, “BNK Petroleum inc. Reports Third Quarter 2010 Results” issued on 4 Nov 2010 06:15 GMT, by BNK Petroleum Inc TSX:BKX over PR Newswire, we are advised by a representative of the company that errors occurred in the ‘Average Netback per Barrel’ row of the Overview [...]
BNK Petroleum inc. Reports Third Quarter 2010 Results
Calgary, Alberta, November 4 (ots/PRNewswire) – OVERVIEW Three Months Ended Sept 30 Nine Months Ended Sept 30 (US$000) 2010 2009 % Change 2010 2009 % Change Earnings (Loss): $ Thousands ($30) ($3,224) 99 ($611) ($9,915) 94 $ per common share $0.00 ($0.04) 100 ($0.01) ($0.14) 93 assuming dilution Capital Expenditures$8,067 $4,722 71 $25,918 $11,878 118 [...]
BNK Petroleum Inc. Announces Closing of First Tranche of $66 Million Private Placement and Replacement Credit Facility
Camarillo, California (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) is pleased to announce that the first tranche of the previously announced CAD$66 million private placement has closed. 10,600,000 shares were issued for total gross proceeds of CAD$26,924,000. The shares are subject to a four month hold period. The Company also announced today that BNK Petroleum [...]
BNK Petroleum Inc. Announces Private Placement to Close in Two Tranches and Status of Subsidiary’s Replacement Credit Facility
Camarillo California (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) is pleased to announce that the TSX has accepted notice of the previously announced CDN $66 million private placement of shares with Quantum Partners LP and has conditionally approved the listing of the 26 million shares to be issued in the private placement. The private placement [...]
BNK Petroleum INC. Announces $66 Million Private Placement
Camarillo, California (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) is pleased to announce a non-brokered Cdn.$66 million private placement, representing 26,000,000 common shares at a price of Cdn.$2.54 per share, to Quantum Partners LP, a private investment fund managed by Soros Fund Management LLC.. (“Quantum”). The financing is subject to, among other things, approval of [...]
BNK Petroleum Inc. work Tender Selects Drilling Contractor in Poland and Provides Corporate Update
Camarillo, California (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) provides the following corporate and operations update: Europe In Poland, through Saponis Investments Sp. Z o.o. (“Saponis”), the Company has completed the major tenders for the services to drill the Wytowno S-1 and Lebork S-1 wells on the Slawno and Slupsk concessions in Poland, including the [...]
BNK Petroleum Inc.’s Acreage in Europe Increases to 3.5 Million
Calgary, May 19, 2010 (ots/PRNewswire) – BNK Petroleum Inc. (the “Company”) announces that it has been awarded a further concession totalling approximately 840,000 acres in Western Europe. The new concession is located in Saxony-Anhalt, Germany and brings the Company’s total acreage in Europe to 3.9 million gross (3.5 million net) acres in a total of [...]
BNK Petroleum Inc. Announces Management Addition
Calgary, Canada, March 5, 2010 (ots/PRNewswire) – BNK Petroleum Inc. (“BNK” or the “Company”) is pleased to announce that effective March 8, 2010 Warren Nelson will join the Company in our Camarillo office as Vice President. As of April 1, Mr. Nelson will become BNK’s permanent CFO. Mr. Nelson is a CPA, has his MBA [...]
BNK Reports 2009 Year End Reserve Update
Calgary, Canada, February 27, 2010 (ots/PRNewswire) – BNK Petroleum Inc. (the “Company” or “BNK”)/ is pleased to announce a 182% increase of its Tishomingo shale gas field reported proved and probable reserves (“2P”) to 37.9 million boe from 13.5 million boe at year end 2008. Proved and Probable reserves as of December 31, 2009 were [...]
BNK Petroleum Inc. Adds Director of Geology
Calgary, Canada (ots/PRNewswire) – BNK Petroleum Inc. (“BNK” or the “Company”) is pleased to announce that Steven M. Warshauer has joined the Company as Director of Geology. Mr. Warshauer has a Ph.D in geology, and over 25 years of experience as a geologist and manager in international and domestic exploration, operations, research and training. Most [...]
BNK Petroleum Inc’s European Holdings Grow to 2.1 Million Gross Acres
Calgary (ots/PRNewswire) – BNK Petroleum Inc. (“BNK” or the “Company”) is pleased to announce that it has been awarded two additional oil and gas concessions, which total approximately 770,000 acres net to BNK. These concessions were granted in a European Union Country and bring BNK’s total gross land acquisitions in Europe to 2.1 million acres. [...]
BNK Petroleum Inc. Adds a Sixth European Shale Gas Concession
Calgary, Canada (ots/PRNewswire) – BNK Petroleum Inc. (“BNK” or the “Company”) is pleased to announce that it has been awarded an additional 300,000 acre oil and gas concession in a European Union country. The granting of this concession brings BNK’s 2009 total land acquisitions in Europe to 1.4 million acres, and provides further diversification by [...]
