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BNK Petroleum Posts Q4

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BNK Petroleum (BKX.TO) said its fourth quarter loss was US$4.5 million versus income of $.7 million earned in the fourth quarter of 2011. Capital expenditures were $5.0 million versus $10.8 million from the fourth quarter of 2011, a decrease of 54%; Average per day production from the Tishomingo field in Oklahoma decreased to 1,681 versus 2,066 from the fourth quarter of 2011, a decrease of 19%; Average netbacks were $17.83 in the quarter versus $26.06 in the fourth quarter of 2011 or a decline of 32%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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