BNK Petroleum, Inc.May, 2013 Corporate Overview

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HISTORY - U.S.

BNK has been operating shale

gas projects since January 2005

Tishomingo Shale Project

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BNK’S TISHOMINGO FIELD

4th Qtr 2012 - WoodfordNetbacks ~$17.8 BOE

2012 Exit Rate ~1,820 BOEPDNote sale represents almost all production

36 million BOE 2P - 2012 Year End * Sold Woodford Shale Reserves ~35.5 mil BOECaney (2P 1.3 mil gross/422,000 net to BNK)

(Woodford Shale, Ardmore Basin - Oklahoma, USA)

In April 2013, BNK sold to XTO (Exxon subsidiary) it’s interests

in the field for $147.5 million retaining the Caney & Upper

Sycamore Oil formations

* MHA 12/31/12 Reserve Report as disclosed in other slides3

BNK’S TISHOMINGO FIELDCaney/Sycamore Lime is present over BNK’s entire acreage block

~12,500 net acres

(Caney Shale/Sycamore Lime, Ardmore Basin - Oklahoma, USA)

BNK Barnes 6-2H21 day IP of 180 BOEPD (80% oil)

from Caney/Sycamore Lime - Pumping Unit being installed now

Nickel Hill 1-26 Vertical Caney Test 100% oil

XTO Cook 3-6H31 Caney - 580 BOEPD

(3 week rate)2nd Month ~490 BOEPD 3rd month ~416 BOEPD

Caney&

Sycamore&“Mississippian(Lime”(

Woodford&

Barnes 6-3H (Caney)Drilling Now

Dunn 2-2H (Caney)Next well

XTO Permitted Caney well

XTO Permitted Caney well

XTO Permitted 4 Caney wells at 80

acre spacing

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BNK’S BARNES 6-2H(Caney Shale/Sycamore Lime Test, Ardmore Basin - Oklahoma, USA)

Caney&

Sycamore&“Mississippian(Lime”(

Woodford&

BNK Barnes

6-2H

154’ “T” zone

880’ “T” zone

213’ “T” zone1,923’ Caney

zone1,104‘

Sycamore zone

Totals1,104 ft Sycamore1,247 ft “T” zone (lowest Caney)1,923 ft Lower Caney4,274 ft Total Treated LateralNext wells 5,200 ft

BNK Internal modeling*An IP of 450 BOPD would yield 150% ROR and 650,000 bbls of oil

150 BOPD IP is needed for break even 10% ROR and 180,000 bbls of oil

* BNK’s internal modeling and economic’s run on strip pricing for 3 years then Sproule forward curve

“T” zone

180 BOEPD - 21 day IPIsolation tests - Not conclusive Sycamore swab test 140 bfpd ~100 BOPD “T” zone & Caney flowing at ~200 BOPD

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EUROPE

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TERMS

  United States Baltic Poland*** Germany Spain

Royalties 18% - 20% ~1% 10-20% 0%

February Gas Prices (approx)

~$3.80 ~$10* ~$10 $13.15-14.55**

Corporate Tax Rate

35% 19% ~30% 35-40%

* http://en.gaz-system.pl/taryfa/cena-referencyjna-gazu.html is the link to Polish prices for long term dedications - not spotBased on a USD $1 = 3.27 PLN exchange rate ** Southwest Europe LNG marker*** Note Poland has announced new increased terms that aren’t fully laid out yet, likely ~5% royalties. Taxes are increased with the total burden to be no more than 40% of Gross revenue - details not released.

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BNK’S PHILOSOPHY• Environment and Operations

• Environmentally sound practices

• Small Footprint of operating area

• Utilize the most environmentally friendly additives

• Monitor Environment to verify no changes

• Require high level of standards from all contractors

• Communication and Community• Open opportunities for input and information exchange with communities and

regulators

• Minimize interruptions to local community

• Responsible neighbor, work with local communities as a good partner/citizen

• Employ and train local workforce and utilize available local services

• Help Europe meet it’s energy needs, emissions targets, increase tax revenues and create good paying jobs

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• BNK’s highly experienced shale gas team of Geoscientists:• Search literature to identify potential shale intervals• Conduct further science to narrow down viable prospects

• Obtain all available data (i.e. mud and electric log data and existing seismic)

• Conduct field outcrop acquisitions and sample existing core data• Perform critical rock property screenings (i.e. TOC, maturation, mineralogy etc..)

• Generate basin play concept model• Compare to known successful shale analogs

• Pursue acreage in basins that meet BNK’s criteria, that have the best looking characteristics and lowest risk profile for shale gas production• Many basins are reviewed, few are pursued

BASIN EVALUATION(BNK’S STANDARD APPROACH)

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EUROPEAN PROJECTS

PolishConcessions4,350 km2

(1,075,000 acres)GermanConcessions 4,078 km2

(~1.0 million acres)French

Applications

SpanishConcessions1,600 km2

(~400,000 acres)

Poland 1,075,000Germany 1,008,000Spain 400,000Spain pending 234,000Total Europe 2,717,000

BNK - Net Acreage

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POLAND PROJECTS

ENI

Marathon

Marathon

FX Energy

PGNiG

PGNiG

PGNiG

PGNiGPGNiG

PGNiG

FX Energy

Talisman/San Leon

Talisman/San Leon

Talisman/San Leon

Realmnow

SanLeonRealm

ENI

Lane /Conoco

Lane /Conoco

BNKSaponis

BNK Indiana

BNK Saponis

BNKSaponis

Application by San

Leon

Cal Energy

Cal Energy

Gas Plus

Drilled Wytowno #1 well

Drilled Starogard well

Wytowno L. Silurian

Thickness 91 meters

Porosity % 1.1 - 4 Avg 3.0

TOC % 0.1 - 1.3

Silica % 28%

Carbonate % 27%

Clay % 45%Lebork L. Silurian Ordovician / Alum *

Thickness 148 meters 41 meters (27 / 14)

Porosity % 1.0-9.6 Avg 3.9 1.8-6.7 Avg 4.3 / 4.1-5.2 Avg 4.6

TOC % 0.14-1.5 Avg 0.8 0.04-6.0 Avg 2.3 / 5.0-9.2 Avg 7.2

Silica % 30% Avg 54% / 25%

Carbonate % 17% Avg 8% / 30%

Clay % 44% Avg 33% / 39%

Starogard L. Silurian Ordovician

Thickness 147 meters 23 meters

Porosity % 1.7-5.8% Avg 4.3% 1.4-6.9% Avg 4.1%

TOC % 0.1%-1.5% Avg 0.9% 0.1% to 3.3% Avg 0.9%

Silica % 30% 32%

Carbonate % 8% 18%

Clay % 50% 43%

PGNiG

3Legs /Conoco

* Alum is the shale interval in the Cambrian formation

Lieben 1 & 2H wells

Legowo well

Warblino 1H well

Bagart 1 well

Szymkowo 1 well

Lewino well

Rogity well

Lubocino well

Drilled Lebork S-1 #1 wellLebork S-1 well - Attempted stimulation

4th qtr 2011 without placing enough proppant. No Effective Test

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SHALE TO CARBONATE RATIO*Indicates Direction of Deeper Basin Deposition During Ordovician

Depth Correlation during Deposition

Deeper = richer, thicker organic shales**Shallower = more carbonates **

* The higher the number the more shale versus carbonate** Usually shallower portions of the basin during depositional times accumulate higher percentages of carbonates. A deeper basin depositional environment usually leads to richer and thicker organic shales, less carbonates.

Kopalino Limestone Starogard S-1 well

Kopalino Limestone - Lebork S-1 well

Karst features and color indicate subaerial exposure

after deposition

Gray Limestone - No evidence of Karsting nor bioturbation - Thinner than to the East Miszewo T-1

well BNK - Gapowo B-1 well

TrzebielinoBytow

Darlowo

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POLAND PROJECTS

ENI

Marathon

Marathon

FX Energy

PGNiG

PGNiG

PGNiG

PGNiGPGNiG

PGNiG

FX Energy

Talisman/San Leon

Talisman/San Leon

Talisman/San Leon

Realmnow

SanLeonRealm

ENI

Lane /Conoco

Lane /Conoco

BNKSaponis

BNK Indiana

BNK Saponis

BNKSaponis

Application by San

Leon

Cal Energy

Cal Energy

Gas Plus

Drilled Wytowno #1 well

Drilled Starogard well

Lebork Ordovician Alum shale*

Thickness 27 meters 14 meters

Porosity % 1.8-6.7 Avg 4.3 4.1-5.2 Avg 4.6

TOC % 0.04-6.0 Avg 2.3 5.0-9.2 Avg 7.2

Silica % 54% 25%

Carbonate % 8% 30%

Clay % 33% 39%

PGNiG

3Legs /Conoco

* Alum is the shale interval in the Cambrian formation

Lebien 1 & 2H wells

Legowo well

Warblino 1H well Lebork S-1 well - Attempted stimulation 4th qtr 2011

without placing enough proppant. No Effective Test

BNK - Miszewo T-1 well Drilled Sept - encountered different

depositional environment, likely fault related

Bagart 1 well

Szymkowo 1 well

Lewino well

Rogity well

Lubocino well

BNK - Gapowo B-1 wellDrilled July 2012 - Over-pressured shales, very high

gas readings in Lower Silurian & Ordovician

Large Shale fragments that caused washouts

BNK - Gapowo B-1 wellGapowo Target Stimulation

Interval

Net Thickness 54 meters

Porosity % 3.9-6.1 Avg 5.1

TOC % 1.1 - 4.2 Avg 2.5

Silica/Carbonate % 46%

Clay % 43%

Other % 11%

BNK - Lebork S-1 well

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BALTIC BASIN DIAGRAM

Lower Silurian Shale

Ordovician & Cambrian Shales

Cambrian Sandstone

Lebork S-1Miszewo T-1 Gapowo B-1

Ordovician & Cambrian Shales

Ordovician & Cambrian Shales

Lower Silurian Shale

Lower Silurian Shale

Change in depositional environment

Cambrian Sandstone

Cambrian Sandstone

Highly Prospective Shales

Prospective Shales

Gapowo B-1 Well • Over-pressured shales• Very high gas readings in Lower

Silurian and Ordovician - Avg readings 20 times higher, Maximum reading 45 times higher*

Target Interval Core Analysis• Higher Porosities *• Higher Total Organic Carbon *

Fault

Fault

* As compared to other BNK Baltic Basin wells

Gapowo B-1 Well Gas in Place135 BCF per section86 BCF per section inPrimary target (within lower Silurian and Ordovician)

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SPANISH PROJECTArquetu

Concession

Pending Concessions

BNK Concession

Existing Concessions

Existing and Pending Concession data from published reports and other sources

Urraca Concession

Sedano Concession

Rojas Application

Trofagas Hidrocarburos, SL - 100% BNK•Concessions of 1,545 km2 (380,000 acres)•Rojas Application of 947 km2 (234,000 acres)•2013: Permitting wells. Goal to begin

drilling in 1st qtr 2014, pending permits

Cantabria

Castilla y LeonPais Vasco

La Rioja

Navarra

(heart of Jurassic play in Castilla y Leon)

BNK Application

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Coal Seams

Carbonate

Carbonate

100-200 meter thick Jurassic shale2,500 - 4,500 meter depth

BNK JURASSIC SHALE PROJECT

• Thick black shales• Gas & Oil shows in shale and

fractured carbonates in existing wells• Structure defined by numerous

2D seismic lines and dozens of wells• Jurassic shale that has 1.3 - 5%

Total Organic Carbon• Heart of project in Castilla y

Leon

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GOING FORWARD PLANS• Tishomingo Field, Oklahoma

• Drill, fracture stimulate and test additional Caney shale wells

• Currently drilling Barnes 6-3H

• Signed contract for 2 wells with option for 2 more

• Polish Plan:• Awaiting EIA and concession modification to drill horizontal lateral out of Gapowo well

• Permitting for option to drill horizontal wells

• Potential Farmout

• Begin drilling 2nd Saponis concession wells, pending permitting

• Spanish Plan:• Permitting for first 2 exploratory wells, plan to begin drilling in 2014 pending permitting

• Potential Farmout

• German Plan:• Continue Permitting for North Rhine Westfalia concessions

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ACREAGE COMPARISON

* The higher the number the more shale versus carbonate** Usually shallower portions of the basin during depositional times accumulate higher percentages of carbonates. A deeper basin depositional environment usually leads to richer and thicker organic shales, less carbonates.

12,000 acre square (size of BNK’s net acreage

in Tishomingo field)

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MANAGEMENT TEAM• Wolf E. Regener, President and CEO

Mr. Regener brings over 24 years of conventional and unconventional E&P experience to BNK Petroleum, Inc..  In his role as Executive Vice President of Bankers Petroleum Ltd., and President of it's wholly-owned US subsidiary, Mr. Regener was instrumental in the formation of BNK Petroleum, Inc., and it's subsequent spin-off.  His career also includes key senior executive positions with Tartan Energy, Alanmar Energy, and R&R Resources.  With an extensive operations and finance background, Mr. Regener has been at the forefront of BNK Petroleum's acquisition of unconventional gas projects on an international scale.  He holds a Business of Economics degree from the University of California, Santa Barbara, and has served on the Board of Directors of the California Independent Petroleum Association for over fifteen years.

• Gary W. Johnson, CFOMr. Johnson is a CPA and brings over 20 years of accounting and finance experience, 15 years in the oil and gas industry, to the Company.  Prior to joining BNK Petroleum, Mr. Johnson’s career has included roles with Occidental Petroleum Corporation, a Fortune 200 NYSE traded company, as Director of Technical Accounting, where he was responsible for the company’s public filings and worldwide accounting compliance, Ascent Media Corporation as Assistant Controller where he oversaw corporate accounting, financial reporting and consolidations and Western Atlas where he was Manager of Financial Reporting and Analysis.   Mr. Johnson graduated from Loyola Marymount University with a Bachelor of Science in Accounting and he also holds an MBA from Auburn University.

• Martin E. Robert, COO and Vice President EngineeringMr. Robert has extensive managerial and operational experience in Canada, France, The Netherlands, Russia and Argentina.  Until recently, Mr. Robert was the President and CEO of ArPetrol Inc, a private oil and gas company with assets in Argentina.  Previously Mr. Robert held the positions of Vice President of Engineering and International Operations at Vermilion Energy Trust (TSX) and President of Vermilion REP SA operating in France.  Mr. Robert is a Petroleum Engineer and graduated with Honors from Queens University with a Bachelor of Science degree in Chemical Engineering.

• Mark A. Shemaria, Manager, Health, Safety and EnvironmentMr. Shemaria brings over 29 years of managerial and operational experience for oil and gas operators and service companies in the USA.   He has held various and increasing responsibilities in all aspects of E&P Health, Safety and Environmental management.  Mr. Shemaria holds a Bachelor of Science degree in Industrial Technology and a MBA from the California State University Long Beach

• Steven M. Warshauer, Ph.D., Vice President of ExplorationDr. Warshauer brings over 25 years of experience as a geologist and manager in international and domestic exploration, operations, research and training.  Most recently Dr. Warshauer was Senior Geological Advisor for Devon's European Unconventional Resource Team.  His career also includes working for Tenneco, British Gas and Dominion Exploration & Production Inc.  He is experienced in the evaluation of unconventional resources such as shale gas, tight gas sands and CBM.  In addition he brings vast experience in the generation of conventional oil and gas projects, as well as extensive basin analysis work. 

• Paul Codd, Engineering and Operations ManagerMr. Codd brings over 22 years of managerial and operational experience in Canada, Russia, North Africa and the USA. Most recently Mr. Codd was Vice President of Engineering and C.O.O. of publicly traded Renegade Petroleum Ltd. and it's private predecessor, Renegade Oil & Gas, with Bakken and Mississippian assets in Saskatchewan, Manitoba and N. Dakota. He has held various and increasing engineering responsibilities in all aspects of operations and reservoir exploitation, domestic start-up's and managed several international projects in Tunisia, Egypt, and Colombia. Mr. Codd holds a Bachelor of Science degree in Chemical Engineering from the University of Calgary.

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BOARD OF DIRECTORS• Ford Nicholson, Chairman

Ford Nicholson is the President of Kepis & Pobe Financial Group which specializes in developing international energy and other natural resource assets. Over the past 25 years Ford has provided executive management to several international projects. He was a co-founder and Director of Nations Energy Ltd. producing heavy oil in Kazakhstan, a founding shareholder and former board member of Bankers Petroleum Ltd. producing heavy oil in Albania. Ford was also a board member of Tartan Energy Inc, a heavy oil company based in California. Ford is a member of the President's council for the International Crisis Group. Mr. Nicholson has recently joined the board of InterOil Corporation listed on the NYSE, a fully integrated company developing LNG for Asian markets.

• Bob Cross, DirectorMr. Cross has more than 20 years of experience as a financier in the mining and oil & gas sectors.  He is a co-founder and Non-Executive Chairman of Bankers Petroleum Ltd., Non-Executive Chairman of B2Gold Corp., co-founder and Chairman of Petrodorado Ltd., and until October 2007, was the Non-Executive Chairman of Northern Orion Resources Inc.  Between 1996 and 1998, Mr. Cross was Chairman and Chief Executive Officer of Yorkton Securities Inc.  From 1987 to 1994, he was a Partner, Investment Banking with Gordon Capital Corporation in Toronto.  He has an Engineering Degree from the University of Waterloo, and received his MBA from Harvard Business School in 1987.

• General Wesley K. Clark, DirectorGeneral Wesley K. Clark, (retired) served 38 years in the United States army. His last military position was NATO’s Supreme Allied Commander and the Commander-in-Chief of the US European Command. He now heads his own strategic advisory and consulting firm, Wesley K. Clark & Associates and is active in the energy, banking and business services field. He is a noted author and television commentator, a Senior Fellow at UCLA’s Burkle Center and works with numerous not-for-profit efforts, including the International Crisis Group. He graduated first in his class from West Point and received a BA and MA as Rhodes Scholar at Oxford and numerous honorary degrees. Among his awards are the Presidential Medal of Freedom, the Silver Star, Purple Heart and honorary knighthoods from the United Kingdom and the Netherlands.

• Eric Brown, DirectorMr. Brown currently holds the position of Regional Managing Partner for the Meyers Norris Penny, LLP, Alberta Advisory Services practice. He possesses many years of experience in publicly traded company governance as a Director of companies listed on Canadian stock exchanges (TSE, VSE, ASE, CDNX) and has served as a Chartered Accountant and as Chairman and member of public company audit committees.

• Victor Redekop, DirectorMr. Redekop is President of Simmons Energy Services, a privately held provider of drilling and maintenance equipment and services to oil and gas companies internationally. He has over 30 years of experience in various aspects of the oil and gas industry.

• Wolf E. Regener, President and CEOMr. Regener brings over 24 years of conventional and unconventional E&P experience to BNK Petroleum, Inc..  In his role as Executive Vice President of Bankers Petroleum Ltd., and President of it's wholly-owned US subsidiary, Mr. Regener was instrumental in the formation of BNK Petroleum, Inc., and it's subsequent spin-off.  His career also includes key senior executive positions with Tartan Energy, Alanmar Energy, and R&R Resources.  With an extensive operations and finance background, Mr. Regener has been at the forefront of BNK Petroleum's acquisition of unconventional gas projects on an international scale.  He holds a Business of Economics degree from the University of California, Santa Barbara, and has served on the Board of Directors of the California Independent Petroleum Association for over fifteen years.

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SUMMARY• Closed sale of Woodford Tishomingo Assets in April, 2013*

• 3 high impact projects with enough cash to fund them

• Caney oil shale potential in Tishomingo field

• Polish Gas shale project

• Spanish Gas and oil shale project

• Debt free

• 1st Mover advantage Europe: 4+ years into it

• Experienced Shale Gas team selecting and operating projects

• Diversification - 5 Basins in Europe currently (2.7 million net acres)

• Symbol: BKX on the TSX (Toronto Stock Exchange)

• Total Common Shares: 144.4 million

• Total Fully Diluted: 155.5 million**

* Sold all intervals other than Caney and Upper Sycamore ** Includes all outstanding options, not just those in the money

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