Bankers Petroleum Operational Update for the First Quarter 2013

       Bankers Petroleum Operational Update for the First Quarter 2013

PR Newswire

CALGARY, April 5, 2013

Average Quarterly Production 16,900 bopd and Credit Facility Extension

CALGARY, April 5, 2013 /PRNewswire/ - Bankers Petroleum Ltd. (Bankers or the
Company) (TSX: BNK) (AIM: BNK) is pleased to announce the Company's first
quarter operational update.

Production, Sales and Oil Prices

Average production from the  Patos-Marinza oilfield in  Albania for the  first 
quarter of 2013 was  16,916 barrels of  oil per day  (bopd), 4.7% higher  than 
16,163 bopd  in the  fourth quarter  of 2012.  Oil sales  during the  quarter 
averaged 16,605  bopd, 3.6% higher than the previous quarter average of 16,033
bopd. The crude oil inventory at  March 31, 2013 was 340,000 barrels,  26,000 
barrels higher than 313,000 barrels at December 31, 2012.

The Patos-Marinza first quarter average oil price was approximately $89.42 per
barrel (representing 80%  of the Brent  oil price of  $112.43 per barrel),  as 
compared with the 2012 fourth quarter  average oil price of $78.53 per  barrel 
(71% of the Brent oil price of $110.08 per barrel).

Drilling Update

Thirty-two (32)  horizontal  wells were  drilled  during the  first  quarter: 
thirty-one (31) horizontal  production wells  and one  (1) horizontal  lateral 
re-drill well in the main area of the Patos-Marinza field. Twenty-eight  (28) 
of these wells  were completed and  are on  production, and four  (4) will  be 
placed on production this month.

The Company  continues  to focus  horizontal  drilling in  the  primary  Driza 
reservoir zones  and  has expanded  drilling  in several  Marinza  zones  with 
encouraging results.  Pattern  development drilling  for  secondary  recovery 
techniques in the  Marinza and  Lower Driza zones  has also  commenced in  the 
first quarter.

The drilling rig damaged in January has now been repaired and the Company  has 
five drilling rigs in operation.

Secondary and Tertiary Recovery Program

The Company  commenced  preliminary injectivity  testing  at the  first  pilot 
polymer flood location.  Following the  test completion,  expected within  the 
second quarter, progression  of the  pilot will be  sanctioned should  results 
merit further pilot work at this location.

Block "F"

The second  exploration drilling  location in  Block "F"  is scheduled  to  be 
drilled in the  second quarter of  2013. Lease access  has been obtained  and 
site construction will commence shortly.

Infrastructure Development

Expansion of crude  oil storage  capacity continues at  the Central  Treatment 
Facility ("CTF") in the Patos-Marinza field with construction of an additional
12,000 barrel sales tank. Commissioning of the tank is projected this  summer 
and will improve our operational treating capability and storage flexibility.

Credit Facility Update

The International Finance Corporation (IFC)  has approved an extension of  the 
Company's  existing   credit  facility   to  May   2020,  subject   to   final 
documentation. No repayments are required until  May 2017, at which time  the 
facility amount will decrease by 25% annually. Additionally, IFC's  revolving 
loan facility will  increase to $60  million from the  existing $50  million. 
Discussions with the European Bank for Construction and Development (EBRD) for
corresponding changes to the existing $50 million revolving loan facility  are 
ongoing, with  a decision  expected shortly.  In addition,  the existing  $20 
million revolving facility and $1  million term facility from Raiffeisen  Bank 
will remain in effect.

Updated Corporate Presentation

For additional information on  this operational update,  please see the  April 
2013    version    of    the     Company's    corporate    presentation     at

Conference Call

The Management of Bankers will host a conference call on April, 5 2013 at 6:30
am MDT to discuss this Operations Update. Following Management's presentation,
there will be a question and  answer session for analysts and investors.  Mr. 
David French,  Bankers'  newly  appointed  President  and  CEO  will  also  be 
participating on the call.

To participate in the conference call, please contact the conference operator
ten minutes prior to the call at 1-888-231-8191 or 1-647-427-7450. A live
audio web cast of the conference call will also be available on Bankers
website at or by entering the following URL
into your web browser

The web cast will be archived two hours after the presentation on the website,
and posted on the website for 90 days. A replay of the call will be available
until April 19, 2013 by dialing 1-855-859-2056 or 1-416-849-0833 and  entering 
access code 30277987.

Annual General Special Meeting

Bankers Petroleum  invites  all  shareholders to  attend  its  Annual  General 
Special Meeting to  be held  on Tuesday, May  21 at  The Metropolitan  Centre, 
Calgary Alberta. This years' meeting will be held in the Travoli room at  3:00 
pm (MST).


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

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  APEGA)  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 

SOURCE Bankers Petroleum Ltd.


David French
President and Chief Executive Officer
(403) 513-6930

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

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

Canaccord Genuity Limited
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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