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
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.
For further information:
Wolf E. Regener +1 (805) 484-3613 Email: email@example.com Website: www.bnkpetroleum.com