Spain: BNK gets Cantabrian shale gas acreage

A unit of BNK Petroleum Inc., Camarillo, Calif., was awarded an oil and gas concession on 61,470 acres for a shale target in the Cantabrian basin of Spain.

By OGJ editors
HOUSTON, Apr. 13
– A unit of BNK Petroleum Inc., Camarillo, Calif., was awarded an oil and gas concession on 61,470 acres for a shale target in the Cantabrian basin of Spain.

Among the minimum work requirements are geological work in the first year and drilling one vertical well each in years two, four, five, and six.

The Spain concession brings the company’s total acreage in Europe to about 3.6 million net acres in five basins.

In Poland, meanwhile, BNK said the Lebork S1 well on the Slupsk concession is drilling at 3,517 m with more than 220 m of core taken. Drilling and logging should be complete in a week. The majority of analyses of sidewall cores from the Wytowno-1 well are expected back from the subcontractor in May, and the first well on the Starogard concession is to spud in June.

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