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BNK Petroleum continues Polish shale drilling program

BNK Petroleum Inc. plans to start drilling its first well on the Trzebielino concession in Poland by Feb. 29 and then upon completion of the Trzebielino well, the rig is scheduled to move to the first Bytow drillsite, the Camarillo, Calif., company said in an operational update Jan. 8.

BNK subsidiary Indiana Investments Sp. z o.o. holds 100% interest in the Trzebielino and Bytow licenses.

BNK expects the Trzebielino and Bytow wells will encounter richer, thicker organic shales than its Saponis Lebork S-1 well encountered.

Technical evaluation indicates that the Ordovician on the Trzebielino and Bytow concessions was deposited in a deeper basin environment than previously drilled wells, BNK said, adding that it plans to restimulate and test the Lebork S-1 well when temperatures warm (OGJ Online, July 29, 2011).

BNK holds 195,000 net acres in the Baltic basin through Saponis Investments Sp. z o.o. and another 880,000 adjacent net acres through Indiana Investments.


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