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BNK Announces AGM Results and Operations Update
CAMARILLO, CA , June 5, 2014 /CNW/ - BNK Petroleum Inc. (the " Company " or " BNK ") (TS...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\nCAMARILLO, CA, June 5, 2014 /CNW/ - BNK Petroleum Inc. (the \"Company\" or \"BNK\") (TSX: BKX) announces that the seven director nominees listed in the\n Company's management information circular dated April 29, 2014 were\n re-elected at the annual general meeting of shareholders of the Company\n held earlier today.  Detailed results are set out below:\n\n\n\n\nDirector Nominee\n\n\n    Votes For    \n\n\n   % For   \n\n\n   Votes Withheld   \n\n\n%Withheld\n\n\n\n\nFord Nicholson\n\n\n69,098,715\n\n\n99.21%\n\n\n552,365\n\n\n0.79%\n\n\n\n\nRobert Cross\n\n\n68,548,977\n\n\n98%\n\n\n1,102,103\n\n\n1.58%\n\n\n\n\nVictor Redekop\n\n\n69,186,977\n\n\n99.33%\n\n\n464,103\n\n\n0.67%\n\n\n\n\nEric Brown\n\n\n68,704,977\n\n\n98.64%\n\n\n946,103\n\n\n1.36%\n\n\n\n\nGeneral Wesley Clark (retired)\n\n\n69,320,677\n\n\n99.53%\n\n\n330,403\n\n\n0.47%\n\n\n\n\nWolf Regener\n\n\n69,541,277\n\n\n99.84%\n\n\n109,803\n\n\n0.16%\n\n\n\n\nLeslie O'Connor\n\n\n69,180,477\n\n\n99.32%\n\n\n470,603\n\n\n0.68%\n\n\n\n\n\n\n\nShareholders also re-appointed KPMG LLP, Chartered Accountants as the\n auditor of the Company and re-approved the Company's Stock Option\n Plan.  Additional details will be provided in a Report of Voting\n Results to be filed on SEDAR.\n\n\nOperations Update\n\n\nPoland\n\n\nThe Company has successfully placed effective proppant concentrations in\n 9 stages in its Gapowo B-1 horizontal well and is currently on day 5 of\n a restricted rate flow back of the fracture stimulation fluid.  The\n Company anticipates being able to provide an assessment of the initial\n production rate within the next three weeks, depending on the rate of\n recovery of the stimulation fluids.\n\n\nThe Company originally planned an initial fracture stimulation of up to\n 10 stages in the latter third of the lateral.  This initial program was\n expanded to the entire lateral because the Company believed that not\n enough proppant was placed in this section to effectively stimulate\n it.  The frac design was continually optimized in each stage and while\n proppant was placed in 14 stages the Company considers 9 of the stages\n to have been effectively stimulated.\n\n\nWolf Regener, President and Chief Executive Officer commen...