BNK Plans for Gapowo Well in Poland’s Baltic Basin

BNK Petroleum has announced that it has received the requested concession modification amendment for the Gapowo B-1 well on its Bytow concession.

The amendment, together with the receipt of all the other requird permits needed to re-enter the Gapowo B-1 well, will allow the shale gas explorer to drill a horizontal lateral in the Ordovician formation after the first of the year.

BNK reports that the vertical Gapowo B-1 well had encountered over-pressured, gas charged, organic-rich shales in the Lower Silurian and Ordovician intervald.  Drilling of the vertical well saw average and maximum total gas readings were much higher than those seen in the Company's other Baltic Basin wells and  leads the Company to believe that the Lower Silurian and Ordovician shales are highly prospective for shale gas as the shales have good total organic carbon, porosities and permeabilities.