Bankers Petroleum Exploration Well Update

                  Bankers Petroleum Exploration Well Update

PR Newswire

CALGARY, July 23, 2013

Block "F" Exploration Well Suspended

CALGARY, July 23, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the
"Company") (TSX:  BNK, AIM:  BNK) reports  that  the 5350  Block "F"  well  in 
Albania reached a total depth of 2,776 meters measured depth on July 17, 2013.
Petrophysical and  geological information  indicates that  the well  did  not 
encounter any hydrocarbon bearing  zones that would  merit testing. The  well 
was suspended.

This is the second exploration well in Block "F", completing Bankers two  well 
commitment on the block. Technical evaluation of the block will continue into
the fall and Bankers is reviewing several other prospects including a  seismic 
program in the next two years.

Bankers is pleased to note that the Trans Adriatic Pipeline (TAP) has recently
been selected for transport of gas from the Shah Deniz gas field in Azerbaijan
through Greece  and  Albania  into  Italy as  early  as  2019.  This  planned 
expansion of natural  gas infrastructure in  Albania may provide  a long  term 
alternative to Bankers' power and steam generation needs.

                                  ---------

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 
BNK.

SOURCE Bankers Petroleum Ltd.

Contact:

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

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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