BNK Petroleum Welcomes VP at Camarillo Office

BNK Petroleum announced that effective March 8, 2010 Warren Nelson will join the Company at its Camarillo office as Vice President. As of April 1, Mr. Nelson will become BNK's permanent CFO. Mr. Nelson is a CPA, has his MBA in Finance from the University of California, Berkeley, California and brings over 30 years of corporate experience to BNK.

Among other positions, Mr. Nelson's career has included Chief Accounting Officer and Acting CFO of Smith International Inc., the NYSE Listed Fortune 500 multi-national manufacturer of products and services to the oil service industry; CFO, and in his last year CEO, of Huntway Refining Company, a NYSE publicly traded refiner; Interim CFO of Venoco, Inc. a U.S. oil and gas producer; founder and Director of AmeriTies Holdings; and Audit Manager at Price Waterhouse & Co.

Mr. Nelson will replace Mr. Juneyt Tirmandi who has been BNK's interim CFO since the spin off of BNK from Bankers Petroleum, Ltd. and who will be resigning at the end of March to pursue other projects. Mr. Tirmandi will continue to assist BNK through the transition of the closing of our Calgary office and bringing all accounting functions to our U.S. office. "We would like to thank Juneyt for all his work through the spin off and the transformation of our company," said Wolf Regener, BNK's President and CEO. "I appreciate all his work and wish him all the best in his future ventures. I also am thrilled to have Mr. Nelson join our Company. His vast experience in various public companies, international work, and audit background makes him a great addition to our management team."