BNK Petroleum Inc. announces Flowrate of Hartgraves 1-6H well
Wednesday, Sep 06, 2017
BNK Petroleum Inc. (the “Company”) (TSX: BKX) is pleased to announce that the Hartgraves 1-6H well averaged about 405 Barrels of oil equivalent per day (BOEPD), of which 324 barrels are oil, for the last 6 days, while still producing back completion fluid.
Commenting on the announcement, Wolf Regener, President and CEO, said:
“We are very pleased with the flow rate from this well, which is currently above both the proved undeveloped and the probable case type curves used to estimate the reserves attributed to the Company’s Tishomingo Field. The flow rate is within 12% of the possible type curve, and as the well continues to clean up we will continue to optimize it.
This well is on a trajectory to generate an attractive rate of return, even in this oil price environment. In addition, we anticipate an even shallower decline rate than our previous wells due to the large amount of proppant in the fracture stimulation.”
The Company also announces that fracture stimulation of the previously drilled Brock 9-2H well is scheduled to begin in the third week of September.
About BNK Petroleum Inc. BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through its subsidiaries, the Company owns and operates shale oil and gas properties in the United States. Additionally, the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects. The Company’s shares are traded on the Toronto Stock Exchange under the stock symbol BKX and on the OTCQB under the stock symbol BNKPF.
For more information, please visit:
www.bnkpetroleum.com
