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BANKERS PETROLEUM LIMITED: Employee Stock Savings Plan Quarterly Update


BANKERS PETROLEUM LIMITED: Employee Stock Savings Plan Quarterly Update July 2, 2013

AIM: BNK

Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")

Employee Stock Savings Plan Quarterly Update

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 30 June 2013, the following purchases were made by senior employees:

Name Date of Number of Employer's Purchase Resulting Resulting

Purchase Common Price Number of Holding as

Shares Contribution (Cdn. $) Common at 30 June

Purchased (1) Shares held 2013 as %

as at 30 total voting

June 2013 rights

David French - April 15 1,492 1,492 2.47 84,795 0.0% President and

Chief April 30 817 817 2.55

Executive

May 15 741 741 2.81

Officer (2)


                        May 31      692         692         3.01                    
          
                                                                                
                       June 14      761         761         2.74                    
          
                                                                                
                       June 28      792         792         2.63                    
          
                                                                                
                                                                                    
                                                                                    

Douglas C. Urch April 15 557 557 2.47 751,202 0.3% - Executive Vice

President, April 30 539 539 2.55

Finance and

Chief Financial May 15 489 489 2.81

Officer


                      May 31     457         457          3.01                     
         
                                                                            
                  June 14     502         502          2.74                     
         
                                                                                
                      June 28     523         523          2.63                     
         
                                                                                
      
                                                                                
                                                                                    

Suneel Gupta - April 15 557 557 2.47 255,091 0.1% Executive Vice

President and April 30 539 539 2.55

Chief

Operating May 15 489 489 2.81

Officer


                      May 31     457         457           3.01                     
         
                                                                                
                     June 14     502         502           2.74                     
         
                                                                                
                     June 28     523         523           2.63                     
         
                                                                                
                                                                                    
                                                                                    

(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.

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

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 (midmonth and month-end).
Douglas Urch, Suneel Gupta and David French (following his appointment
effective April 1, 2013) elected to participate in the plan, with a
participation level of 10% of each of their respective salaries.


Abby Badwi, following retirement from his role as President and Chief Executive
Officer, effective April 1, 2013, is no longer participating in the ESSP. As
such, there were no purchases made by, or on behalf of, Abby Badwi, in the
quarter ended 30 June 2013 and there will be no such purchases going forward.


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


For further information, contact:
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

END

-0- Jul/02/2013 06:00 GMT

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