BNK Petroleum's wholly owned subsidiary, Trofagas Hidrocarburos, was awarded a 234,000 acre oil and gas concession in the northern province of Castille and Leon which contains the Cantabrian basin. California-based BNK said the concession was acquired principally for (Jurassic- aged) shale gas targets, but has conventional oil and gas potential. The concession terms include geological work in the first year, drilling two wells each in the second third and fourth year, and three wells......
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