BNK Petroleum Inc. - Announces 2016 Year-End Reserves - Seite 2

Summary of
Oil & Gas
Reserves
Tight Oil Shale Natural MBOE's
Gas Gas
Liquids
Reserve BNK Gross Net BNK Net BNK Net BNK(Mbbl) Net(Mbbl)
Category (Mbbl) (Mbbl) Gross (MMcf) (Mbbl) (Mbbl)
(MMcf)
Proved
Developed 1,474.0 1,139.2 2,351.5 1,819.9 556.6 430.8 2,422.5 1,873.3
Producing
Developed 0.0 0.0 251.2 204.1 72.2 58.7 114.1 92.7
Non-Producing
Undeveloped 10,686.1 8,373.0 11,777.5 9,180.1 2,787.9 2,173.1 15,436.9 12,076.1
Total 12,160.1 9,512.2 14,380.2 11,204.1 3,416.7 2,662.6 17,973.5 12,076.1
Proved
Probable 16,270.7 12,944.6 19,258.6 15,350.9 4,562.7 3,637.0 24,043.2 19,140.1
Total 28,430.9 22,456.8 33,638.8 26,555.1 7,979.6 6,299.6 42,017.0 33,182.3
Proved
Plus
Probable
Possible 16,461.2 13,183.6 19,935.5 15,899.9 4,726.0 3,769.4 24,509.8 19,603.0
Total 44,892.1 35,640.0 53,574.4 42,455.0 12,705.5 10,068.9 66,526.7 52,784.7
Proved
Plus
Probable
Plus
Possible

Net
Present
Value of
Future
Net
Revenue
As of
December
31, 2016
Forecast
Prices &
Costs
Net Present
Value of
Future Net
Revenue ($
millions)
Before Income After
Tax Income
Tax
Reserve 0% 5% 10% 15% 20% 0% 5% 10% 15% 20%
Category
United
States
Proved
Developed 57.7 43.5 34.9 29.2 25.2 57.7 43.5 34.9 29.2 25.2
Producing
Developed 1.4 1.1 0.9 0.8 0.7 1.4 1.1 0.9 0.8 0.7
Non-Producing


Undeveloped 314.9 185.9 114.1 70.4 42.1 236.8 147.2 92.8 57.7 34.2
Total 373.9 230.5 149.9 100.4 68.0 295.9 191.8 128.6 87.7 60.1
Proved
Probable 612.5 354.4 220.8 144.5 97.6 404.2 236.4 146.6 94.9 62.9
Total 986.4 584.9 370.7 245.0 165.8 700.1 428.2 275.2 182.6 123.0
Proved
Plus
Probable
Possible 846.4 497.0 324.7 228.6 169.8 558.7 327.6 215.2 153.7 116.6
Total 1,832.8 1,081.9 695.4 473.5 335.5 1,258.8 755.8 490.4 336.3 239.6
Proved
Plus
Probable
plus
Possible

Note: All dollar values are expressed in U.S. dollars.

The Company's reserves are derived from non-conventional oil and
gas activities. The Company's reserves are contained in a shale oil
reservoir from which gas and natural gas liquids are produced as
by-products. "Tight oil" means crude oil (a) contained in dense
organic-rich rocks, including low-permeability shales, siltstones and
carbonates, in which the crude oil is primarily contained in
microscopic pore spaces that are poorly connected to one another, and
(b) that typically requires the use of hydraulic fracturing to
achieve economic production rates. "Shale gas" means natural gas (a)
contained in dense organic-rich rocks, including low-permeability
shales, siltstones and carbonates, in which the natural gas is
primarily adsorbed on the kerogen or clay minerals, and (b) that
usually requires the use of hydraulic fracturing to achieve economic