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BANKERS PETROLEUM LIMITED: Statement re Bankers Petroleum Employee Stock Savings


BANKERS PETROLEUM LIMITED: Statement re Bankers Petroleum Employee Stock Savings Bankers Petroleum Ltd . ("Bankers Petroleum" or the "Company")

Employee Stock Savings Plan Quarterly Update

AIM: BNK

CALGARY, April 2 /CNW/ - Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum announces that during the quarter ending 31 March 2013, the following purchases were made by directors and senior employees:

Resulting

Resulting Holding as

Number of at 31 March

Number of Common 2013 as %


                           Common    Employer's   Purchase  Shares held  total  
    
                Date of    Shares    Contribution Price     as at 31     voting 

Name Purchase Purchased (1) (Cdn. $) March 2013 rights


    
                                                                                

Abdel F. (Abby) March 28 684 684 2.68 1,516,254 0.6%

Badwi,

President, March 15 609 609 3.01

Chief Executive

Officer and February 637 637 2.88

Vice Chair 25


    
                                                                                
    
                February   643       643          2.85                          
    
                15                                                              
    
                                                                                
    
                January 31 654       654          3.06                          
    
                                                                                
    
                January 15 582       582          2.86                          
    
                                                                                
    
                                                                                
    
                                                                                

Douglas C. Urch March 28 513 513 2.68 925,913 0.4%

- Executive

Vice President, March 15 457 457 3.01

Finance and

Chief Financial February 478 478 2.88

Officer 25


    
                                                                                
    
                February   482       482          2.85                          
    
                15                                                              
    
                                                                                
    
                January 31 490       490          3.06                          
    
                                                                                
    
                January 15 437       437          2.86                          
    
                                                                                
    
                                                                                
    
                                                                                

Suneel Gupta - March 28 513 513 2.68 252,024 0.1%

Executive Vice

President and March 15 457 457 3.01

Chief Operating

Officer February 478 478 2.88


    
                25                                                              
    
                                                                                
    
                February   482       482          2.85                          
    
                15                                                              
    
                                                                                
    
                January 31 490       490          3.06                          
    
                                                                                
    
                January 15 437       437          2.86                          
    
                                                                                
    

(1)     These shares are the matching shares purchased by the Company, which
shall vest to the shareholder twelve months from the date of purchase, provided
the shareholder is still an employee of the Company.

As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (mid-month and month-end). Abby Badwi, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10% of each of their respective salaries.

Following the appointment of David French as President and CEO, effective April 1, 2013, David French has elected to participate in the plan with a participation level of 10% of his salary.

It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around July 1, 2013.

/For further information: Doug Urch, Executive VP, Finance and Chief Financial Officer, Ph: (403) 513-2691, 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/

(BNK)

END

-0- Apr/02/2013 15:12 GMT

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