- 22.09.2014, 07:49:07
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- OTE0001
BNK Announces New Vice President U.S. Operations
Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the
"Company" or "BNK") is pleased to announce
that Ray W. Payne has joined the Company as Vice President U.S.
Operations.
Mr. Payne has extensive unconventional experience and has held
various engineering and management positions in North, South and East
Texas, North Louisiana, the Permian Basin, the Rocky Mountain Regions
as well as offshore Gulf of Mexico. He has held senior-level
positions with large U.S. independents including Marathon Oil, Devon
Energy and El Paso where he oversaw the drilling of thousands of
wells, and developed some of the world's largest resource plays. Mr.
Payne's most recent position was with Marathon Oil where as Manager
Drilling and Operations he developed Marathon's South Texas Eagle
Ford shale asset, which in only two years added more than a billion
barrels of reserves. Mr. Payne earned a Bachelor of Science degree in
petroleum engineering from Texas A&M University. He spent many years
serving as a director of the New Mexico Oil and Gas Association
(NMOGA) and has chaired numerous efforts to promote responsible
energy development.
Ford Nicholson, Chairman of the Company commented, "I am very pleased
that Mr. Payne has joined the Company. We had conducted an extensive
search for a highly qualified individual to oversee the Company's
operational growth plans in the U.S. I am confident that Mr. Payne's
previous experience will help us maximize the potential of our
ongoing projects. Of course, we are continuing to assess and move
forward on our European shale value initiatives, and will report
progress when appropriate."
Mr. Payne replaces Mr. Martin Robert (Vice President, Engineering and
Operations of BNK US and Chief Operating Officer of BNK) who is no
longer with the Company. We thank Mr. Robert for his contributions
and efforts, and wish him the best in his future ventures.
Tishomingo Field, Oklahoma
The Company has begun drilling the Emery 17-1H well and is currently
drilling the vertical portion of the wellbore. The fracture
stimulation equipment is being mobilized to the Hartgraves 1-5H well
location and the stimulation is expected to start in the next few
days.
About BNK Petroleum Inc.
BNK Petroleum Inc. is an 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 oil and gas properties and concessions in the United States,
Poland and Spain. Additionally the Company is utilizing its technical
and operational expertise to identify and acquire additional
unconventional projects. 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
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