March 25 (Reuters) - BNK Petroleum Inc BKX.TO :
* BNK PETROLEUM INC. ANNOUNCES COMMENCEMENT OF STRATEGIC REVIEW PROCESS
* BNK PETROLEUM INC - TO INITIATE A FORMAL PROCESS TO IDENTIFY AND EVALUATE STRATEGIC OPTIONS TO OPTIMIZE CAPITALIZATION AND GROWTH PROSPECTS
* BNK PETROLEUM - SPECIAL COMMITTEE OF BOARD LED BY DAVID NEUHAUSER TO WORK WITH MANAGEMENT & CO'S ADVISORS TO SUPERVISE REVIEW OF STRATEGIC OPTIONS
* BNK PETROLEUM INC - STRATEGIC OPTIONS MAY INCLUDE A SALE OF ASSETS, CORPORATE SALE OR MERGER, JOINT VENTURE, AMONG OTHER THINGS