BNK Petroleum Inc., Camarillo, Calif., (TSX: BKX) has reported an update on its unconventional operations in Poland.
A drilling rig has been contracted to begin drilling the first well on the company's Indiana concession blocks in the 1st quarter 2012. Casing and wellheads have been ordered and lease construction is expected to start in early January.
The previously announced 2D seismic program is progressing with approximately 17% of the data already acquired. The program consists of about 407 km on the Saponis concessions and 333 km on the Indiana concessions. The objective of the seismic program is to further define basin structure and burial history as well as to aid in the selection of individual well locations.
The company expects to release its 3rd quarter financials on November 10, 2011.
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