BNP Resources Inc. provides Jensen area operational update



    CALGARY, March 6 /CNW/ - BNP Resources Inc. ("BNP" or the "Corporation")
is pleased to provide the following update:

    -   BNP has drilled and cased a well at 5-4-3-20 W4M to a total depth of
        2381m and encountered a significant oil pay column in excess of
        30m based on log analysis at a depth of approximately 1300m in the
        Mississippian horizon.

    -   This is the third well drilled by the Corporation in the Jensen area
        that has encountered a significant oil pay column. This well and the
        2 previously announced Jensen wells drilled to date have all
        encountered Mississippian light oil and are all BNP 100%. One of the
        3 Jensen wells is on production in an optimization (test) phase and
        has produced approximately 1000 barrels of oil since November 2007.
        The second well is currently being equipped for production. The
        third well is currently being completed. The Corporation has now
        obtained pressure data from the first two wells. This information,
        combined with well log data and geologic structural information from
        all three wells, suggests to the Corporation that all three wells are
        in a common pool.

    -   Further drilling will be needed to determine the full extent of the
        pool and additional zones of interest. The next step is to license
        and drill 6 more wells. Upon successful completion of the 6 well
        drilling program, a 40-acre spacing infill drilling program will be

    -   In addition, the 5-4 well encountered multiple prospective deep zones
        below the Mississippian. The first of these deep zones was completed
        and flowed gas to surface, however it was determined to be uneconomic
        and therefore this first deep zone was abandoned. Unseasonably warm
        weather and road bans have delayed further uphole completion work
        until road access conditions improve.

    -   BNP expects to focus the majority of its resources on developing
        Jensen in 2008.

    -   BNP continues to tie-in and/or equip a number of wells elsewhere in
        South Central Alberta, the timing of which will now depend on
        imminent spring break-up, weather and road ban conditions.

    BNP is actively engaged in the exploration for, the development and
production of oil and natural gas reserves. BNP's business strategy is to
build sustainable and profitable per share growth through internally generated
exploration and development drilling.
    BNP has approximately 16,961,243 Class A shares and 922,500 Class B
shares issued and outstanding which trade on the TSX Venture Exchange under
the symbols "BNX.A and "BNX.B".
    Further information with regards to the Corporation may be found on the
SEDAR website or on the Corporation's website

    ADVISORY: This press release may contain forward-looking statements
including management's assessment of future plans and operations and
expectations of future production, cash flow and earnings. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ materially from
those anticipated. These risks include, but are not limited to: the risks
associated with the oil and gas industry (e.g. operational risks in
development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses and health, safety and
environmental risks), commodity price and exchange rate fluctuation and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. Oil equivalent
amounts have been calculated using a conversion rate of six thousand cubic
feet of natural gas to one barrel of oil. BOEs may be misleading, particularly
if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an
energy equivalency conversion method primarily applicable at the burner tip
and does not represent a value equivalency at the wellhead. The
forward-looking statements contained in this press release are made as of the
date hereof and BNP undertakes no obligations to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Gregory Bilcox, President and CEO, BNP
Resources Inc., Phone: (403) 695-1091, Fax: (403) 265-0413; Gordon B. Paul, VP
Finance and CFO, BNP Resources Inc., Phone: (403) 695-1095, Fax: (403)

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