Business
BNK PETROLEUM INC. ANNOUNCES 2010 YEAR END RESERVES AND POLAND UPDATE
Mar. 14, 2011 (Canada NewsWire Group) -- TSX ticker symbol: BKX CAMARILLO, CA, March 14 /...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n Mar. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX ticker symbol: BKX\n\n\nCAMARILLO, CA, March 14 /CNW/ - BNK Petroleum Inc. (the "Company") (TSX: BKX) announces a 31% increase in the estimated net present\n value of future net revenue (before tax, discounted at 10%) of its\n Tishomingo shale gas field proved and probable reserves, to US$315\n million from US$241 million at 2009 year-end.  Proved and probable\n reserves increased to 39.7 million boe from 37.9 million boe at 2009\n year-end, a 5% increase.\n\n\n\n\n\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\nForecast Price Case - Before Tax - discounted at 10%\n(as at December 31, 2010)\n\n\n\n\n\n\nCategory\n\n\nGross Oil\n(Mbbls)\n\n\nNet Oil \n(Mbbls)\n\n\nGross Gas\n(Mmcf)\n\n\nNet Gas \n(Mmcf)\n\n\nGross NGL \n(Mbbls)\n\n\nNet NGL \n(Mbbls)\n\n\nNet \nMboes\n\n\nNPV 10%(1)\n(US$1000's)\n\n\n\n\nProved Developed Producing\n\n\n727\n\n\n593\n\n\n13,997\n\n\n11,294\n\n\n2,956\n\n\n2,385\n\n\n4,860\n\n\n65,183\n\n\n\n\nProved Dev Non-producing\n\n\n217\n\n\n176\n\n\n3,011\n\n\n2,442\n\n\n637\n\n\n517\n\n\n1,099\n\n\n13,636\n\n\n\n\nProved Undeveloped\n\n\n4,012\n\n\n3,272\n\n\n55,765\n\n\n45,481\n\n\n11,795\n\n\n9,620\n\n\n20,472\n\n\n144,974\n\n\n\n\nTotal Proved\n\n\n4,956\n\n\n4,040\n\n\n7...