Mr. Wolf Regener reports

BNK PETROLEUM INC. - SUCCESSFULLY DRILLS POLISH HORIZONTAL WELL

BNK Petroleum Inc. has provided an update on its Polish shale gas project and its Tishomingo field, Caney oil shale operations, in Oklahoma.

Poland

In Poland, the company has successfully drilled, cased and cemented its Gapowo B-1 horizontal well with excellent gas readings regularly recorded throughout the lateral. The well successfully drilled the targeted overpressured, gas charged, organic-rich Lower Silurian and Ordovician shales that were originally encountered in the vertical Gapowo B-1 well. The well has approximately 5,900 feet of lateral available to fracture stimulate.

The Gapowo B-1 well is believed to be the longest horizontally drilled well in Poland.

The high gas readings recorded during the drilling of the lateral were consistent with the characteristic high gas shows observed in the original vertical well, despite increased mud weight and a switch to oil-based mud. The conclusions of the log and core data analysis and sustained elevated gas shows in the lateral validate the company's belief that the Lower Silurian and Ordovician shales are highly prospective for shale gas. The analysis indicated the shales have good total organic carbon, porosity and permeability. In addition, the company's geological analysis indicates that these characteristics are likely to extend over a significant portion of the company's Baltic basin acreage. The company believes that it controls about 285,000 net acres that have good potential to produce natural gas and another approximately 285,000 net acres that are also prospective but have higher associated risk.

The company has prepared a completion design for this well that is based on the core analyses and knowledge obtained from previous wells and stimulations. The company's current plan is to fracture stimulate approximately 30 per cent of the available lateral length followed by an extended production test to optimize its design prior to fracture stimulating the remaining lateral.

Site modifications in preparation for the fracture stimulation will begin as soon as the drilling rig has moved off site. The site modifications including building the water handling facilities are expected to take a number of weeks after which the actual fracture stimulation can begin.

Oklahoma -- Tishomingo field

As planned, the company recently fracture stimulated 685 feet of the 5,444-foot lateral (12.5 per cent) in the Leila 31-2H horizontal well, to test a new stimulation technique for cost-optimization purposes. Although the pilot test results were lower than expected, the information acquired will greatly assist the company in continuing to pursue its optimal completion design and the previously disclosed $8-million estimated Caney well cost.

The Wiggins 12-8H and Barnes 7-2H Caney wells continue to perform very well. The 30-day rate of the Wiggins 12-8H well, where only half the length of the company's typical planned Caney well was effectively stimulated, is 273 barrels of oil per day or 402 barrels of oil equivalent per day. The Barnes 7-2H well had a 60-day rate of 360 barrels of oil per day (469 barrels of oil equivalent per day) from a lateral that still has 15 per cent available to be fracture stimulated.

Wolf Regener, president and chief executive officer, commented: "In Poland, I am very excited that we have confirmed our original discovery in the Gapowo B-1 vertical well by successfully drilling the long lateral and encountering such excellent shows. We are looking forward to a successful fracture stimulation and production test to confirm the play's full potential. In the U.S., the sustained production results at both the Barnes 7-2H and Wiggins 12-8H wells are validating our internal estimates. These results along with our Caney whole core analysis will help fine-tune the plan for our 2014 drilling program which is expected to begin in the second quarter of this year. We also look forward to obtaining the final year-end reserve report which we anticipate reporting in the next few weeks."

The company's investor presentation has been updated and can be found on the company's website.

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