BRIEF-BNK Petroleum qrly net loss per share $0.01

Thu May 5, 2016 10:06pm EDT
 
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May 5 (Reuters) - Bnk Petroleum Inc :

* BNK Petroleum inc. announces 1st quarter 2016 results

* Q1 revenue fell 35 percent to $2.1 million

* Average production for Q1 of 2016 was 1,352 BOEPD, an increase of 8% compared to 2015 production of 1,249 BOEPD

* Continues to evaluate alternatives for Spain operations including efforts to partner with another co or reducing or ceasing operations

* Qtrly net loss per share $0.01

* "with recently announced shutdown of Poland , we expect our european costs to be substantially reduced from prior years"

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