BNK Provides Poland Drilling Update

BNK Petroleum has announced that the second well, Lebork #1 on the Slupsk concession in Poland, began drilling on March 11, 2011.  Drilling is anticipated to finish around the end of April, 2011.

The Company expects to receive the analysis from the sidewall cores taken in the Wytowno #1 well in April, following which the designing of the fracture stimulation program for the Wytowno #1 well will begin. The possibility of achieving project efficiencies by performing back-to-back fracture stimulations on the Lebork #1 and the Wytowno #1 wells is currently being evaluated.

The Wytowno #1 and Lebork #1, wells are being drilled by Saponis Investments Sp z o.o., in which the Company has an indirect 26.67% interest and is Manager.

Source: BNK Petroleum