Bankers Petroleum announces appointment of new President & Chief Executive Officer

  Bankers Petroleum announces appointment of new President & Chief Executive

PR Newswire

CALGARY, March 20, 2013

CALGARY, March 20, 2013  /PRNewswire/ - Bankers  Petroleum Ltd. ("Bankers"  or 
the "Company") (TSX: BNK, AIM: BNK) is pleased to announce the appointment  of 
Mr. David Lawrence French as President  and CEO effective April 2013,  subject 
to regulatory approvals. Abdel ("Abby") Badwi who is retiring from his current
executive role will continue to serve as  a Director and Vice Chairman of  the 

David French, aged 43, is an  international energy executive with 22 years  of 
experience in the development  and production of oil  and gas fields in  North 
America  and  overseas.  He  graduated  from  Rice  University  in  Mechanical 
Engineering and has a Master of Business Administration from Harvard  Business 
School. Before this appointment he was Vice President of Business Development,
coordinating acquisitions and divestments with Apache Corporation in  Houston. 
With Apache, he has also served as Region Production Manager for Apache Canada
in Calgary  where he  was involved  in all  areas of  gas and  oil  operations 
including secondary and enhanced oil recovery, in Alberta and Saskatchewan; he
has also served as Director of global  HS&E in Houston. Mr. French worked  for 
several years with McKinsey & Company in Houston, a management consulting firm
where his  work  focused on  energy  firm growth,  portfolio  management,  and 
capital efficiency.  He  started  his  career  with  Amoco  where  he  gained 
extensive experience in  oilfield operations with  secondary and enhanced  oil 
recovery projects in Texas and New Mexico.

"Mr. French's expertise  in enhanced  oil recovery,  merger and  acquisitions, 
capital management, and health, safety and environment stewardship will  prove 
very valuable for Bankers' future development and growth strategy",  commented 
Robert Cross, Bankers' Chairman of the Board, he added, "Abby will continue to
provide assistance where needed,  particularly in Albania  and in the  capital 
markets where his relationships are a key asset for the Company. Abby and  his 
team have taken Bankers  from 5,000 barrels  of oil per  day (bopd) to  17,000 
bopd in just over five years  despite two financial crises and the  challenges 
associated with brownfield development. He is leaving his executive role at  a 
time when Bankers  is very well  positioned on all  fronts, with an  excellent 
technical team, quality management at all levels, a strong balance sheet,  and 
a diversified group of  buyers for our crude  oil. Probably most  importantly, 
Bankers is currently producing  free cash flow, net  of capital spending.  The 
Board and Management  of Bankers would  like to extend  their best wishes  for 
Abby and his wife, Sandy, in their  retirement and to David and his family  on 
his new appointment and future with Bankers."

Robert Cross
Chairman of the Board

Although Mr. French is not  a Director on the  Board of Bankers the  following 
disclosures are provided in accordance with Schedule 2g) of the AIM Rules  for 

          Current Directorships:
     Rice Engineering Alumni
          Houston World Affairs Council

About Bankers Petroleum Ltd.

Bankers Petroleum  Ltd.  is  a  Canadian-based oil  and  gas  exploration  and 
production company  focused  on developing  large  oil and  gas  reserves.  In 
Albania, Bankers operates and has the full rights to develop the Patos-Marinza
heavy oilfield,  has  a 100%  interest  in the  Kuçova  oilfield, and  a  100% 
interest in Exploration Block "F". Bankers'  shares are traded on the  Toronto 
Stock Exchange and the  AIM Market in London,  England under the stock  symbol 

SOURCE Bankers Petroleum Ltd.


Abby BadwiPresident and Chief Executive Officer (403) 513-2694
Doug UrchExecutive VP, Finance and Chief Financial Officer (403) 513-2691
Mark HodgsonVP, Business Development (403) 513-2695

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Henry Fitzgerald-O'Connor
+44 0 207 523 8000

FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200
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