BNK Petroleum Inc. Operational Update

Camarillo, California (ots/PRNewswire) -

BNK Petroleum Inc. (the "Company") , provides the following
operational update:

Poland

Building of the location for the first well on the Trzebielino
concession has commenced and drilling is expected to begin by the end
of February, 2012. After completion of the first Trzebielino well,
the rig is scheduled to move to the first Bytow concession drilling
location. The Trzebielino and Bytow concessions are 100% held by
Indiana Investments Sp z o.o., a wholly owned indirect subsidiary of
the Company. The Company is projecting that these two wells will
encounter even richer and thicker organic shales than its Saponis
Lebork S-1 well encountered. The Company's technical evaluation
indicates that the Ordovician on the Trzebielino and Bytow
concessions was deposited in a deeper basin environment than the
previously drilled wells. The deeper environment and transgressive
nature of the deposit is expected to lead to richer and thicker
organic shales. The Company is looking to confirm this with these two
wells. Schematics of some of this analysis can be found on the
Company's website.

The previously announced 2D seismic program is progressing with
approximately 50% of the data acquired. The program consists of about
407 km on the Saponis concessions and 333 km on the Indiana
concessions. The objective of the seismic program is to further
define basin structure and burial history as well as to aid in the
selection of future well locations.

As previously announced the re-stimulation and testing of the
Lebork S-1 well is planned for the spring 2012, when temperatures are
warmer.

The following table contains core analysis from the Starogard S-1
well, on the Starogard concession held by Saponis:

Starogard S-1 well  Ordovician Shale       Lower Silurian 
Shale
        Gross Thickness     23 meters              149 meters
        Total Porosity      1.4 to 6.9% avg 4.1%   1.7 to 5.8%, avg 
4.3%
        Gas filled Porosity 0.4 to 1.8 %, avg 0.9% 0.4 to 1.9%, avg 
1.0%
        Desorption          17 SCF/ton             38 SCF/ton
        TOC by % weight     0.1% to 3.3% TOC       0.1% to 1.5% TOC
        Percent Silica      32%                    30%
        Percent Carbonate   18%                    8%
        Percent Clay        43%                    50%

The Company has an indirect approximate 26.7 percent interest in
the Starogard, Slupsk and Slawno concessions through Saponis. The
remaining ownership is held by Rohöl-Aufsuchungs Aktiengesellschaft
("RAG"), Sorgenia E&P SpA and LNG Energy through its subsidiary.

The Company holds 195,000 net acres in the Baltic Basin of Poland
through Saponis and a further 880,000 adjacent net acres through
Indiana Investments Sp z o.o., its wholly owned subsidiary which
holds the Darlowo, Trzebielino and Bytow concessions.

United States

The Company completed an analysis of the Caney shale formation
located in its Tishomingo Field in Oklahoma and recently fracture
stimulated the Caney in one of its vertical wells. Initial results
are positive, with the well producing over 20 barrels of oil a day.
The Company is considering the drilling of a horizontal well in 2012
to further evaluate the Caney's full potential. The Caney, located
above the Woodford, ranges from 300 to 350 feet in thickness and is
present over all of BNK's acreage in the Tishomingo Field. Economic
success in this interval could result in significant oil reserve
additions to its Tishomingo field.

Corporate

The Company has completed an internal reorganization of its
European assets. "The restructuring is designed to facilitate
efficiencies, management and financing of our core European assets
and operations," Chief Executive Officer and President, Wolf E.
Regener, recently stated.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws, including but not limited to information
regarding the Company's current plans and expectations regarding its
concessions in Europe and Tishomingo field in Oklahoma, USA, and in
particular, timing of commencement of drilling of new wells on its
Poland concessions and fracture-stimulations of wells on its
Tishomingo field, Oklahoma, USA, the Company's expectations as to the
outcomes of the foregoing and hypotheses regarding the geology of the
basins in which it has operations and is conducting exploratory work.
Forward-looking information is based on plans and estimates of
management at the date the information is provided and is subject to
certain factors and assumptions of management, including that no
unforeseen delays, unexpected geological or other effects, equipment
failures, permitting delays, delays in procurement of required
equipment or personnel, labor or contract disputes are encountered as
well as that the Company's the financial condition and the
development plans of the Company and its co-venturers will not
change. Forward-looking information is subject to a variety of risks
and uncertainties and other factors that could cause plans, estimates
and actual results to vary materially from those projected in such
forward-looking information. Factors that could cause the
forward-looking information in this news release to change or to be
inaccurate include, but are not limited to, the risk that occurrences
such as those referred to above may occur and result in delays,
unexpected geological formations or occurrences necessitating changes
to or cessation in planned work, and that the financial condition and
development plans of the Company or the other participants in the
wells change, as well as other risks typically associated with joint
ventures with third parties and the risks and uncertainties
applicable to exploration activities and to the Company, as set forth
in the Company's management discussion and analysis and its annual
information form both of which are available for viewing under the
Company's profile athttp://www.sedar.com. The Company undertakes no
obligation to update these forward-looking statements, other than as
required by applicable law.

"Boe" means barrel of oil equivalent of natural gas and crude oil
on the basis of 1 boe for 6 Mcf of natural gas (this conversion
factor is an industry accepted norm and is not based on either energy
content or current prices). References to boe's may be misleading,
particularly if used in isolation. A boe conversion ratio of six mcf
to one barrel is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

About BNK Petroleum Inc.

BNK Petroleum Inc. is a U.S. based international oil and gas
exploration and production company focused on finding and exploiting
large, predominately unconventional oil and gas resource plays.
Through various affiliates and subsidiaries, the Company owns and
operates shale gas properties and concessions in the United States,
Poland, Germany and Spain. Additionally the Company is utilizing its
technical and operational expertise to identify and acquire
additional unconventional projects outside of North America. The
Company's shares are traded on the Toronto Stock Exchange under the
stock symbol BKX.

For further information: Wolf E. Regener
+1(805)484-3613 Email: [email protected]
Website: http://www.bnkpetroleum.com

(BKX.)

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