Business
BNK Petroleum Inc. Successful Glenn 16-2H Well Fracture Stimulation
BNK Petroleum Inc. Successful Glenn 16-2H Well Fracture Stimulation Canada NewsWir...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n\nBNK Petroleum Inc. Successful Glenn 16-2H Well Fracture Stimulation\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, March 19, 2018\n\n\n\nCAMARILLO, CA, March 19, 2018 /CNW/ - BNK Petroleum Inc. (the \"Company\") (TSX: BKX) is pleased to announce that the Company has finished the fracture stimulation of the Glenn 16-2H well in the Company's Tishomingo Field located in the SCOOP area of Oklahoma.  \n\n\n \n \n\n \nThe Glenn 16-2H well was fracture stimulated with 10.7 million pounds of proppant and had 33 stages successfully stimulated.  Flowback is expected later this week after the plugs have been drilled out and the completion string is run.  Production rates will be announced once stabilized rates have been obtained.  \n\nWolf Regener, President and CEO commented \"Our team continued its exceptional execution with the Glenn 16-2H well fracture stimulation.   With 33 stages successfully stimulated, and hydrocarbon shows recorded while drilling that look comparable to our best wells, we are looking forward to the flowback and production results.  In addition, total cost for the well is projected to be less than the targeted $5.7 million budget and we expect the same for the WLC 14-2H well. We believe this well will continue to demonstrate the repeatability of our results and increase our reserves and cash flow.\"\n\nAbout BNK Petroleum Inc.\n\nBNK 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 the United States. Additionally, the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol BKX and on the OTCQX under the stock symbol BNKPF.\n\nCaution Regarding Forward-Loo...