BNK Petroleum Inc. provides the following update on its operations in Oklahoma and Poland.

The Company-operated horizontal Barnes 6-2H well in Oklahoma, targeting the Lower Caney and Upper Sycamore formations (Mississippian Lime equivalent), was recently fracture stimulated in 13 stages over its 4,274 feet lateral section. As previously reported, the well was drilled to separately evaluate the Sycamore and two lower zones of the Caney formation.

To date, although the well is early in the recovery process having flowed back only 32% of the fracture stimulation fluid, it has produced between 170 and 250 barrels of oil equivalent per day with more than 80 percent of the production being oil. A wellbore cleanout was performed on the lateral section where a proppant plug was encountered. The plug may have interfered with production as it appeared to have isolated approximately 2/3rds of the lateral, essentially excluding the two Caney zones.

Tags: BNK Petroleum