BANKERS PETROLEUM LIMITED: Employee Stock Savings Plan Quarterly Update

BANKERS PETROLEUM LIMITED: Employee Stock Savings Plan Quarterly Update
April 2, 2014 
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 31 March 2014, the following purchases
were made by senior employees: 
Name      Date of Purchase  Number of  Employer's   Purchase  Employer's   
Resulting  Resulting         
                        Common     Contribution  Price   Contribution  
Number of  Holding as at                  
                        Shares     (1)          (Cdn. $)  Vested(2)     
Common     31 March    
                        Purchased                                       
Shares      2014 as                
                                                                        
held as     % total      
                                                                        at 
31       voting               
                                                                        
March       rights       
                                                                        
2014                        
                                                                             
                   
David French,   January 15     461        461          4.52      -          
159,482     0.1%             
President and                                                                    
                   
Chief Executive January 31     576        576          4.27      -               


                          
                                                                                


                   
Officer         February 14    522        522          4.35      -               


                          
                                                                                
                       
                February 28    466        466          4.87      -              
                          
                                                                                
                       
                March 14       420        420          5.41      -              
                          
                                                                                
                       
                March 31       426        426          5.32      -              
                          
                                                                                
                       
                                                                                
                       
                                                                                


                   
Douglas C. Urch January 15     305        305          4.52      437        
760,454     0.3%             
- Executive                                                                      
                   
Vice President, January 31     381        381          4.27      490             
                      
Finance and                                                                      
                   
Chief Financial February 14    344        344          4.35      482             
                      
Officer                                                                          


                       
                February 28    308        308          4.87      478            
                          
                                                                                
                       
                March 14       278        278          5.41      457            
                          
                                                                                
                       
                March 31       281        281          5.32      513            
                          
                                                                                
                       
                                                                                
                       
                                                                                


                   
Suneel Gupta -  January 15     305        305          4.52      437        
472,343     0.2%             
Executive Vice                                                                   
                   
President and   January 31     381        381          4.27      490             
                      
Chief Operating                                                                  
                   
Officer         February 14    344        344          4.35      482             


                          
                                                                                
                       
                February 28    308        308          4.87      478            
                          
                                                                                
                       
                March 14       278        278          5.41      457            
                          
                                                                                
                       
                March 31       281        281          5.32      513            
                          
                                                                                
                       
                                                                                
                       
                                                                                
                       

(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)   These shares are the matching shares purchased by the Company twelve
months ago and are now vested to the shareholder.

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). David
French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
a participation level of 10% of each of their respective salaries.

It is expected that the next quarterly announcement in respect of purchases
under the ESSP will be made on or around July 1, 2014.


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

(BNK. BNK)

END

-0- Apr/02/2014 14:27 GMT


 
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