OREANDA-NEWS. BNK Petroleum Inc. is providing the results of its December 31, 2014 independent reserves evaluation.

The evaluation of the Company's reserves in the Caney formation of the Tishomingo Field in Oklahoma was conducted by Netherland Sewell and Associates, Inc. ("NSAI") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.

2014 Gross Reserves Summary
Total Proved Reserves 12 million Barrels of oil equivalent (BOE)
- an increase of 197% over December 31, 2013 estimate

Proved & Probable Reserves 37.4 million BOE's
- an increase of 140% over December 31, 2013 estimate
Proved, Probable and Possible Reserves 70.3 million BOE's
- an increase of 72% over December 31, 2013 estimate

Net Present Value of Reserves discounted at 10%
- Total Proved Reserves before tax of USD 142.9 million
- Proved & Probable Reserves before tax of USD 504.5 million
- Proved, Probable and Possible Reserves before tax of USD 875 million

The above total Proved reserves are attributed to 10 of the wells already drilled and the drilling of 28.9 net additional wells over the next 5 years. The probable reserves are attributed to 1 well already drilled which is awaiting completion and the drilling of 28.3 net additional wells. The wells in this report are planned at 106 acre spacing (6 wells per section) on approximately 10,900 net acres. This is approximately 67 percent of the 16,300 net acres the Company has in this project. The other 33 percent of the acreage is on the easterly side of the Company's acreage and based on data from the Company's historical drilling of the deeper Woodford formation wells, correlated with a 3D seismic survey, the Company anticipates that future wells on its easterly acreage will demonstrate that the Caney is also productive over this easterly acreage.