BNK Comments on European Shale Progress

Reporting Third Quarter financials, Wolf Regener, President and CEO of BNK Petroleum Inc., commented on the company's shale gas exploration activities in Europe.

“Excellent progress has been made on our European concessions during the quarter. Six 2D seismic lines were acquired and interpreted on our Baltic Basin Project. The seismic lines were acquired to avoid encountering faults in our test wells so that all targeted intervals can be properly evaluated. Tendering for our first two wells is now nearly complete so that our 1st well, the Wytowno #1 can be spudded near the end of November.

In Germany our geologic work continued with our team making excellent progress towards further high-grading the concessions and achieving our goal of being able to pursue farm down opportunities in the second quarter of 2011. Our team has also been busy working on additional concessions in other basins within Europe that we hope to be awarded in the future which would further diversify our projects."

Source: BNK Petroleum