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BNK Petroleum Inc.

12:03 PM EST - BNK Petroleum Inc. : provided the following update on its operations in Poland. The Miszewo T-1 well, on the Trzebielino Concession in Poland held by the Company's 100% owned subsidiary, Indiana Investments Sp. z o.o., has been drilled to a depth of approximately 5,400 meters. Muted gas shows were recorded while drilling and coring in the target intervals of the well. A full suite of wireline logs were run which suggest that the facies of the target intervals have changed due to a different depositional environment likely related to faulting. The Company acquired 505 metres of whole core, which will be analyzed to verify the wireline log readings and to provide additional basin information. The Company has suspended the well and released the drilling rig. BNK Petroleum Inc.

shares T.BKX are trading down $0.07 at $0.83.