BNK Petroleum Inc. reported earnings and production results for the first quarter ended March 31, 2013. In the first quarter of 2013, the company generated positive cash flow from operating activities of $300,000 in the first quarter of 2013 compared to negative cash flow from operations of $4.8 million in the first quarter 2012. The company incurred a net loss of $5.3 million or $0.04 per share against a loss of $3.5 million or $0.02 per share in the first quarter of 2012, due to higher unrealized losses on financial derivative contracts and higher interest expense. Capital expenditures were down 77% from the first quarter 2012 due to the drilling of two wells in Poland in 2012. Capital expenditures of $2,492,000 were incurred in the first quarter with $1,600,000 spent in Oklahoma and the remaining amount spent in Europe. Capital expenditures were $2,492,000 against $10,759,000 a year ago. For the quarter, the company reported average production per day of 1,674 boepd against 1,654 boepd a year ago. Average product price per barrel was $34.69 against $38.55 a year ago. Average netback per barrel was $18.89 against $18.08 a year ago. Going forward the company expects capital expenditures to increase from first quarter 2013 level as it shift focus to drilling wells in the Caney formation.

BNK Petroleum Inc. announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported oil and gas revenues net of royalties of USD 4,212,000 against USD 6,580,000 for the same period last year. Net loss was USD 4,538,000 or USD 0.03 per share against earnings of USD 687,000 or USD 0.00 per share for the same period last year. Capital expenditure was USD 5,009,000 against USD 10,778,000 for the same period last year. Cash flow provided by operating activities was USD 845,000 against USD 3,363,000 for the same period last year. For the full year, the company reported oil and gas revenues net of royalties of USD 16,273,000 against USD 22,179,000 for the same period last year. Net loss totaled USD 14,948,000 or USD 0.10 per share against net income of USD 705,000 or USD 0.00 per share for the same period last year. Cash flow used by operating activities totaled USD 9,650,000 against cash flows provided by operating activities of USD 3,737,000 for the same period last year. Capital expenditure was USD 41,113,000 against USD 33,958,000 for the same period last year. For the quarter, the company reported average natural gas production 4,240 mcf per day against 5,644 mcf per day for the same period last year. Average NGL production was 729 boe per day against 770 boe per day for the same period last year. Average oil production was 245 boe per day against 355 boe per day for the same period last year. Average production was 1,681 boe per day against 2,066 boe per day for the same period last year. For the full year, the company reported average natural gas production 3,981 mcf per day against 4,114 mcf per day for the same period last year. Average NGL production was 660 boe per day against 640 boe per day for the same period last year. Average oil production was 257 boe per day against 319 boe per day for the same period last year. Average production was 1,581 boe per day against 1,645 boe per day for the same period last year.

BNK Petroleum Inc. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net loss and comprehensive loss of $4,260,000 or $0.03 basic and diluted loss per share on oil and natural gas revenue of $4,536,000 compared to net loss and comprehensive loss of $274,000 on oil and natural gas revenue of $8,364,000 for the same period a year ago. Cash flow used in operating activities was $1,799,000 and capital expenditures was $12,746,000 against cash flow provided by operating activities of $1,270,000 and capital expenditures of $11,436,000 a year ago. For nine months, the company reported net loss and comprehensive loss of $10,410,000 or $0.07 basic and diluted loss per share on oil and natural gas revenue of $13,860,000 compared to net income and comprehensive income of $18,000 on oil and natural gas revenue of $15,599,000 for the same period a year ago. Cash flow used in operating activities was $10,495,000 and capital expenditures was $36,104,000 against cash flow provided by operating activities of $374,000 and capital expenditures of $23,180,000 a year ago. For third quarter, the company reported average natural gas production was 3,816 mcf/d and average production was 1,547 boepd against average natural gas production of 4,564 mcf/d and average production of 1,868 boepd a year ago. For nine months, the company reported average natural gas production was 3,894 mcf/d and average production was 1,547 boepd against average natural gas production of 3,598 mcf/d and average production of 1,503 boepd a year ago.