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BNK Petroleum Inc. Provides U.S. and International Shale Update
TSX ticker symbol; BKX CAMARILLO, CA, Oct. 30, 2012 /CNW/ - BNK Petroleum Inc. (the " C...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n\n\n\nTSX ticker symbol; BKX\n\n\nCAMARILLO, CA, Oct. 30, 2012 /CNW/ - BNK Petroleum Inc. (the \"Company\") (TSX: BKX) provides the following update on its operations in\n Oklahoma and Poland.\n\n\nOklahoma\n\n\nThe Company-operated horizontal Barnes 6-2H well in Oklahoma, targeting\n the Lower Caney and Upper Sycamore formations (Mississippian Lime\n equivalent), was recently fracture stimulated in 13 stages over its\n 4,274 feet lateral section.   As previously reported, the well was\n drilled to separately evaluate the Sycamore and two lower zones of the\n Caney formation.  To date, although the well is early in the recovery\n process having flowed back only 32% of the fracture stimulation fluid,\n it has produced between 170 and 250 barrels of oil equivalent per day\n with more than 80 percent of the production being oil.  A wellbore\n cleanout was performed on the lateral section where a proppant plug was\n encountered.  The plug may have interfered with production as it\n appeared to have isolated approximately 2/3rds of the lateral,\n essentially excluding the two Caney zones.\n\n\nTesting of the three individual zones has commenced to confirm the\n production rates of each zone and to obtain data that will aid in\n better positioning of future horizontal wells to optimize production\n rates. Testing is expected to be completed in mid-to-late November,\n 2012.\n\n\nPoland\n\n\nThe Company, through the Company's wholly owned subsidiary Indiana\n Investments Sp. z o.o., has received additional data on the whole core\n from the Gapowo B-1 well from the third party contractors. The Gapowo\n B-1 core data in the table below validates the Company's geologic model\n of increasing thickness and organic content over the Lower\n Silurian/Ordovician target interval.\n\n\n\n\n \n \n \n\nGapowo B-1 WELL\n\n\n \n\n\nTarget Interval\n\n\nThickness m *\n\n\n110\n\n\nNet thickness m *\n\n\n54\n\n\nPorosity %\n\n\n3.9 - 6.1 (Avg 5.1)\n\n\nTOC %\n\n\n1.1 - 4.2 (Avg 2.5)\n\n\nSilica/Carbonate\n\n\n46%\n\n\nClay\n\n\n43%\n\n\nOther\n\n\n11%\n\n\n*  Does not include another 20m of prospective intervals where core data\n is not available\n\n\nDetailed inspection of the whole core revealed numerous fractures,\n believed to be caused by the overpressure, and are consistent with the\n ga...