CAMARILLO, CA, Sept. 21, 2014 /CNW/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) 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.
SOURCE: BNK Petroleum Inc.
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