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Bankers Petroleum announces filing of 2012 statutory filings including AIF and Statement of Reserves Data



Bankers Petroleum announces filing of 2012 statutory filings including AIF and
                          Statement of Reserves Data

PR Newswire

CALGARY, March 28, 2013

CALGARY, March 28, 2013  /PRNewswire/ - Bankers  Petroleum Ltd. ("Bankers"  or 
the "Company")  (TSX:  BNK)  (AIM:  BNK)  announces  completion  of  its  2012 
statutory filings  including  the  Annual Information  Form  ("AIF")  and  the 
Statement of Reserves Data  ("51-101") for the year  ended December 31,  2012. 
The filings can  be accessed  on the  System of  Electronic Document  Analysis 
("SEDAR") and Bankers website.

Contingent and Prospective Resources

Bankers Petroleum  announces its  2012  contingent and  prospective  resources 
attributed to  the  periphery  extensions and  increased  development  of  the 
Patos-Marinza oilfield  as  provided by  its  reserves evaluator,  RPS  Energy 
Canada Ltd. Contingent resources for 2012 are 534 million barrels, compared to
994 million barrels in 2011.   Prospective resources are 254 million  barrels, 
compared to  616 million  barrels  in 2011.   The resource  estimates  include 
expansion of primary recovery development as well as recognition for secondary
and tertiary recovery methods.

The contingent and prospective resource  adjustments reflect the reduction  in 
the oil in place  volumes in the  field disclosed on  February 25, 2013,  from 
updated geologic  mapping  of the  individual  reservoir sands.   The  reduced 
resource volumes are aligned with the Company's deferred development plans  in 
the area and  allow for  further evaluation through  delineation drilling  and 
data collection.

Operational Update

The Company intends  to issue the  first quarter 2013  operational update  and 
host a conference call on Friday,  April 5, 2013.  Mr. David French,  Bankers' 
newly appointed President and CEO will also be participating on the call.

Caution Regarding Forward-looking Information  

Information in  this news  release  respecting matters  such as  the  expected 
future production levels from  wells, future prices  and netback, work  plans, 
anticipated total  oil  recovery of  the  Patos-Marinza and  Kuçova  oilfields 
constitute forward-looking information.  Statements containing forward-looking
information express, as at the date of this news release, the Company's plans,
estimates, forecasts,  projections,  expectations,  or beliefs  as  to  future 
events or  results and  are believed  to be  reasonable based  on  information 
currently available to the Company. 

Exploration for oil is a speculative  business that involves a high degree  of 
risk.  The Company's expectations  for its Albanian  operations and plans  are 
subject to a number of risks in  addition to those inherent in oil  production 
operations, including: that Brent oil  prices could fall resulting in  reduced 
returns and  a  change  in  the economics  of  the  project;  availability  of 
financing; delays associated with equipment procurement, equipment failure and
the lack  of suitably  qualified personnel;  the inherent  uncertainty in  the 
estimation of reserves; exports from Albania being disrupted due to  unplanned 
disruptions; and changes in the political or economic environment.

Production and  netback  forecasts  are  based  on  a  number  of  assumptions 
including that the  rate and cost  of well takeovers,  well reactivations  and 
well recompletions of the past will continue and success rates will be similar
to      those       rates       experienced      for       previous       well 
recompletions/reactivations/development; that  further  wells taken  over  and 
recompleted will produce at  rates similar to the  average rate of  production 
achieved  from  wells  recompletions/reactivations/development  in  the  past; 
continued availability  of the  necessary equipment,  personnel and  financial 
resources to sustain the Company's  planned work program; continued  political 
and economic stability in Albania;  the existence of reserves as expected; the
continued release by  Albpetrol of  areas and wells  pursuant to  the Plan  of 
Development and Addendum; the absence of unplanned disruptions; the ability of
the Company to successfully  drill new wells and  bring production to  market; 
and general risks inherent in oil and gas operations.

Forward-looking statements  and  information  are based  on  assumptions  that 
financing, equipment  and personnel  will be  available when  required and  on 
reasonable terms, none of  which are assured  and are subject  to a number  of 
other risks and uncertainties described under "Risk Factors" in the  Company's 
Annual Information Form  and Management's Discussion  and Analysis, which  are 
available on SEDAR under the Company's profile at www.sedar.com.

There can be  no assurance that  forward-looking statements will  prove to  be 
accurate.  Actual results and future events could differ materially from those
anticipated in such  statements. Readers  should not place  undue reliance  on 
forward-looking information and forward looking statements.

Review by Qualified Person

This release was reviewed by Suneel Gupta, Executive Vice President and COO of
Bankers Petroleum  Ltd., who  is  a "qualified  person"  under the  rules  and 
policies of AIM  in his role  with the Company  and due to  his training as  a 
professional petroleum  engineer  (member  of  APEGGA)  with  over  20  years' 
experience in domestic and international oil and gas operations. 

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 
BNK.

SOURCE Bankers Petroleum Ltd.

Contact:

Abby Badwi
President and Chief Executive Officer
(403) 513-2694

Doug Urch
Executive VP, Finance and Chief Financial Officer
(403) 513-2691

Mark Hodgson
VP, Business Development
(403) 513-2695

Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com

AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000

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