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BNK Petroleum Inc. Drills Glenn 16-2H Under Budget; Spuds WLC 14-1H Well
BNK Petroleum Inc. Drills Glenn 16-2H Under Budget; Spuds WLC 14-1H Well Canada Ne...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n\nBNK Petroleum Inc. Drills Glenn 16-2H Under Budget; Spuds WLC 14-1H Well\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCAMARILLO, CA, Feb. 12, 2018\n\n\n\nCAMARILLO, CA, Feb. 12, 2018 /CNW/ - BNK Petroleum Inc. (the \"Company\") (TSX: BKX) is pleased to announce that the Company has drilled and set casing on the Glenn 16-2H well and begun drilling the WLC 14-1H well in the Company's Tishomingo Field.\n\n\n \n \n\n \nThe Glenn 16-2H, which is located directly south of the Company's Brock 9-2H well, was drilled and cased in 25 days.  The drilling rig was moved 2 miles to the east and is drilling the WLC 14-1H well (previously referred to as the Scott 14-2H).  Fracture stimulation bids for the Glenn 16-2H well have been received and the Company expects to select the service company shortly, after which the stimulation date will be determined.\n\nWolf Regener, President and CEO commented \"I am proud of our team that safely drilled the Glenn well in 25 days, which was 5 days less than our expected drilling time. This team includes our staff, consultants and quality service companies such as Power Drilling, LLC and Skyline Directional Drilling, LLC, who all played key roles in a full section treatable lateral being drilled under budget.\n\nThe hydrocarbon shows recorded while drilling the lateral look comparable to our best wells.  Based on everything we've seen, after fracture stimulation, we expect the Glenn to be another of our top performing wells.  We are looking forward to the continued success of our drilling campaign as we push further east with the WLC 14-1H, which we believe will continue to increase our reserves and cash flow and demonstrate the repeatability of our results.\"\n\nAbout 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 various affiliates and subsidiaries, the Company owns and operates shale oil and gas properties and concessions in th...