Last $1.33 USD
Change Today 0.00 / 0.00%
Volume 11.5K
BNKPF On Other Exchanges
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As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

bnk petroleum inc (BNKPF) Snapshot

Open
$1.34
Previous Close
$1.33
Day High
$1.37
Day Low
$1.30
52 Week High
04/21/14 - $2.15
52 Week Low
08/7/13 - $0.75
Market Cap
215.4M
Average Volume 10 Days
6.0K
EPS TTM
--
Shares Outstanding
162.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BNK PETROLEUM INC (BNKPF)

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bnk petroleum inc (BNKPF) Details

BNK Petroleum Inc., an international energy company, focuses on the acquisition, exploration, development, production, and marketing of unconventional oil and gas resource plays in the United States and Europe. The company produces crude oil, natural gas, and natural gas liquids. It holds working interests in approximately 14,700 net acres of shale oil acreage in the Caney/Upper Sycamore formations of the Tishomingo Field, Oklahoma; 2,779 net acres of land in the Palo Duro basin, Texas; 12,500 net acres in the Appalachian basin, New York; and 756 net acres in the Black Warrior basin, Alabama. The company also holds interests in the Slawno, Slupsk, Starogard, Bytow, and Trzebielino concessions in Poland; and Sedano, Urraca, and Arquetu concessions in Spain. As at December 31, 2013, it had proved plus probable gross reserves of approximately 15.5 million barrels of oil equivalent (Boe); and proved plus probable plus possible gross reserves of approximately 40.9 million Boe. BNK Petroleum Inc. was incorporated in 2008 and is headquartered in Camarillo, California.

Founded in 2008

bnk petroleum inc (BNKPF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $354.7K
Chief Financial Officer and Vice President
Total Annual Compensation: $214.0K
Chief Operating Officer and Vice President of...
Total Annual Compensation: $305.0K
General Manager of Poland
Total Annual Compensation: $254.5K
Vice President of Exploration
Total Annual Compensation: $231.5K
Compensation as of Fiscal Year 2013.

bnk petroleum inc (BNKPF) Key Developments

BNK Petroleum Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014

BNK Petroleum Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. Oil and gas gross revenues totaled $6.8 million in the quarter against $5.2 million in the first quarter of 2013. Oil and gas revenue net of royalties were $5.5 million against $4.2 million last year. Net income and comprehensive income was $0.3 million against net loss and comprehensive loss of $5.3 million or $0.04 per basic and diluted share last year. Cash flow provided by operating activities was $3 million against $0.3 million last year. Capital expenditures were $13 million against $2.5 million last year. Capital expenditures incurred in the first quarter of 2014 primarily related to the completion of the prior year drilling program in the US and the Gapowo B-1 well in Poland. For the quarter, average natural gas production was 870 mcf/d against 4,311 mcf/d last year. Average NGL production was 166 boepd against 710 boepd last year. Average oil production was 651 bopd against 245 bopd last year. Average production was 962 boepd against 1,674 boepd last year. Average production per day decreased 43% from the first quarter of 2013 due to the sale of the Woodford assets in April 2013, partially offset by 2014 production from the Caney formation.

BNK Petroleum Inc. Appoints Leslie O'Connor as New Director

BNK Petroleum Inc. announced that Mrs. Leslie O'Connor has been appointed as a new director of the company. Mrs. O'Connor is the Managing Partner of MHA Petroleum Consultants LLC. Mrs. O'Connor has more than 30 years of worldwide petroleum engineering experience, including property evaluation, reservoir and economic evaluations, petrophysical studies and expert witness testimonies. Mrs. O'Connor also held positions with Sproule Associates Inc, Geoquest Reservoir Technologies, Thums Long Beach Company and Dresser Atlas.

BNK Petroleum Inc. Provides Operations Update

BNK Petroleum Inc. provided an update on its Polish shale gas project as well as its Tishomingo Field, Caney oil shale operations in Oklahoma. Poland: The fracture stimulation design for the first portion of the Gapowo B-1 well has been finalized, subcontractors have been selected and construction of surface equipment and water storage facilities are complete. The fracture stimulation equipment is currently being positioned while the company awaits final approval of the completion portion of Plan Ruchu. The company is hoping to receive the approved Plan Ruchu the week of April 14, so that operations can commence. Oklahoma update: The company has successfully fracture stimulated the remaining 15% of the lateral section from the Barnes 7-2H well that was not previously stimulated. The well is flowing back and is currently being tested. Early results indicate that the company has successfully reduced the cost of the Caney fracture stimulations while maintaining similar production results. The company currently anticipates fracture stimulating the Leila 31-2H well in mid April.

 

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Price/Sales 753.2x
Price/Book 62.9x
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