California-Based Oil & Gas Company Reports Progress of Wells [BNKPF, BKX]

Two wells in the Oklahoma SCOOP region continue to advance.

BNK Petroleum Inc. (BKX:TSX; BNKPF:OTCQX) reported the Anderson 1-15H10X3 well was successfully drilled and cased. This well, in which the company has a 33% working interest, is in Oklahoma’s SCOOP region, in Tishomingo field. Next for the well is fracture stimulation, slated to begin in mid-November.

“We are very pleased that the Anderson well was successfully drilled under budget,” said President and CEO Wolf Regener. “This is the first 2-mile Caney lateral in the area, and we are excited about the production potential of the Anderson well.”

Similarly, fracture stimulation of another well in Tishomingo field, the Brock 4-2H, is scheduled to start in about 10 days. BNK owns a 77% working interest in this well. It is anticipated flowback from this well will occur after completion of the fracture stimulation of offsetting Anderson 1-15H10X3.

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1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: none. She or members of her household are paid by the following companies mentioned in this article: None.

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