Energia
BNK Petroleum Inc. Drills WLC 14-2h Well Under Budget; Glenn 16-2h Well Fracture Stimulation Commences This Week
The WLC 14-2H well, which is located two miles east of the Company's Glenn 16-2H well, was drilled and cased in 22 days, under budget. The drilling rig has been released.
Fracture stimulation equipment is scheduled to begin setup on the Glenn 16-2H location tomorrow, with stimulation operations scheduled to start later this week.
Wolf Regener , President and CEO commented "I am thrilled that our team was able to safely drill both the Glenn 16-2H and the WLC 14-2H wells under-budget and so quickly. The hydrocarbon shows recorded while drilling the lateral for both these wells look comparable to our best wells. The WLC 14-2H well location is on our easterly acreage, where our third party reservoir engineers have not yet attributed any reserves. We believe both of these wells will continue to increase our reserves and cash flow and demonstrate the repeatability of our results."
Wolf E. Regener , +1 (805) 484-3613, Email: investorrelations@bnkpetroleum.com , Website: http://www.bnkpetroleum.com