WPX Energy 2Q Results Show Surge in Oil Production, Outlook

TULSA, Okla -- WPX Energy’s (WPX) unaudited results for the second quarter of 2014 reflect a 57 percent jump in domestic oil production and stronger than expected natural gas production vs. a year ago.

As a result of well performance, enhanced pad design, larger stimulations and recent technical work in the company’s oil operations, WPX is:

• Adding approximately 200 drilling locations to its Williston Basin inventory
• Increasing plans for Gallup oil play spuds from 29 to 40 this year using the same rig count
• Raising guidance for 2014 domestic oil production growth from 40% to 55%

Private Placement Set for Joint Venture of Up to $100,000,000 on 97 Net Drill Locations

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(CUDBF)(C6K1.F) announced on July 27, 2014 that it had arranged funding of up to $100,000,000 from Korea Myanmar Development Corporation ("KMDC") to drill up to 97 oil wells on Petro One properties in Saskatchewan and Manitoba. It is now pleased to report that the first step in that funding has been taken.

KMDC was originally established with the support of the Korean Government to secure and develop petroleum leases in Myanmar (formerly Burma) as part of a program to develop enhanced economic relations between Korea and Myanmar across a number of sectors. Under the guidance of Chairman Lee Young-Soo, KMDC recently determined to seek opportunities in the Canadian oil patch.

Tests 180 Barrels of Oil per Day at its Galt No. 3 Well

QUEBEC CITY, QUEBEC--( Jul 31, 2014) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that it has recovered 180 barrels of oil over a 24-hour period (or an "initial rate" of 180 barrels of oil per day) from a production test at its Galt No. 3 well. This well is on Junex's Galt Oil Property that is situated approximately 20 kilometers from the town of Gaspé in eastern Quebec.

Mr. Peter Dorrins, Junex's President & Chief Executive Officer, remarked: "The Galt No. 3 vertical well was tested to harvest more information about the Forillon reservoir as part of finalizing the test design for the upcoming Junex Galt No. 4 Horizontal well. While not being a stabilized rate that would typically be much lower, we believe that this initial production rate in our Galt No. 3 well, which has been shut-in since 2011, nonetheless provides an indication as to the potential of the naturally-fractured Forillon reservoir on our Galt Oil Property."

BNK Petroleum Inc. Announces New Senior Credit Facility and Operations Update

CAMARILLO, CA, July 30, 2014  - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has obtained a new US$100,000,000 credit facility ("new facility") from Morgan Stanley Capital Group Inc. ("MSCGI"). The initial commitment amount of the new reserve-based facility is US$15,900,000.

The proceeds from the new facility are intended to fund drilling of Caney shale oil wells in the Tishomingo field in Oklahoma. The new facility will bear interest at a per annum rate equal to then three month LIBOR plus an applicable margin ranging from 2% to 7% based on the ratio of outstanding borrowings to present value of proved developed producing reserves discounted at 9% ("PDP PV9"). The facility provides for interest only payments until the July 2018 maturity date.  Additional commitment amounts will be subject to new reserve evaluations.