SOURCE: Streetwise Reports

Streetwise Reports

July 08, 2015 09:15 ET

BNK Petroleum Inc.'s CEO Wolf Regener Interviewed by The Energy Report

SAN FRANCISCO, CA--(Marketwired - Jul 8, 2015) - BNK Petroleum Inc. (TSX: BKX) operates on some very productive property in the Oklahoma oil and gas shale and is making progress on developing shale resources in Europe. As oil prices strengthen, company President and CEO Wolf Regener describes how his seasoned management team has positioned the company to grow again. In this interview with The Energy Report, Regener lifts the veil on BNK's activities both at home and abroad.

The Energy Report: Wolf, how did you become involved with BNK Petroleum Inc.?

Wolf Regener: I was one of the people who got Bankers Petroleum Ltd. into the U.S. shale business originally. I decided to do something else with that business and convinced the board and shareholders to spin BNK out of Bankers Petroleum and into our own entity.

TER: What are BNK's principal selling points?

WR: We have a great, low-risk asset base with the Caney shale in Oklahoma, which we feel has a very large upside value potential. Last year's reserve report had 37 million barrels (37 MMbbl) of proven and probable (2P) reserves and more than 70 MMbbl proven, probable and possible (3P) reserves. The 2P number was $500M and the 3P number was $875M. In addition, these reserves were on only 63% of our acreage. But we have a lot of geological data that support those numbers, because we drilled wells through the Caney into the Woodford when we developed that.

We have a play that gets better and better every time we drill a well. We also have 3-D seismic survey across the acreage...

Continue reading this interview with Wolf Regener: Proven and Productive: BNK Petroleum Pumps Growth from Shale Properties

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Investors rely on The Energy Report to share investment ideas for the oil & gas, renewable and alternative energy industries. This valuable insight is integrated with in-depth company information, summaries from the latest research and news that will help you make smart investment decisions.


BNK Petroleum Inc. paid The Energy Report to conduct, produce and distribute the interview. Wolf Regener had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Wolf Regener and not of The Energy Report or its officers.

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