Bankers Petroleum Welcomes CEO
Thursday, March 21, 2013 Bankers Petroleum announces the appointment of Mr. David Lawrence French as President and CEO effective April 2013, subject to regulatory approvals.
Bankers Boosts Production in 4Q10
Thursday, April 07, 2011 Bankers announced an increase of 14% in fourth quarter sales at the Patos-Marinza oilfield.
Bankers Petroleum Concludes $100MM Equity Financing
Thursday, July 15, 2010 Bankers Petroleum has closed its previously announced bought deal equity financing.
Bankers Petroleum Reaches Milestone
Friday, May 14, 2010 "We are very pleased with the results. 10,000 bopd is a significant milestone in the growth of the Company. We doubled its capacity to drill horizontal wells and increase production significantly over the quarter as a result," said Abby Badwi.
Bankers Finalizes Albanian PSC, Contracts 3rd Rig
Monday, April 12, 2010 Bankers announced that the Production Sharing Contract for Block F has been finalized. Additionally, the company has contracted a third rig for its Albanian drilling program.
Bankers Sees 14% Production Increase in Albania
Wednesday, April 07, 2010 Bankers Petroleum's first quarter 2010 production averaged 8,282 bopd from the Patos Marinza oil field in Albania, a 14% increase from the fourth quarter 2009 production of 7,234 bopd.
Bankers Petroleum Ends '09 with Reserves, Production Increase
Monday, March 22, 2010 During 2009, Bankers continued to be committed to its strategic priorities of increasing reserves and production in in Albania and maintaining a strong balance sheet by controlling debt and managing capital expenditures.
Bankers Petroleum Sees Increase in Albanian Reserves
Wednesday, March 03, 2010 Bankers Petroleum provided the results of its December 31, 2009 independent reserves evaluation and reports the fifth consecutive year of reserves additions since Company inception in 2004.
CROSCO Commences Drilling Services in Albania
Friday, January 29, 2010 CROSCO has commenced drilling services for Bankers Petroleum at the Patos Marinza oil field in Albania.
Bankers Gears Up 2nd Rig in Albania
Tuesday, January 26, 2010 With the addition of a second drilling rig at the Patos Marinza oil field in Albania, Bankers expects to drill 52 horizontal wells in 2010.
Bankers Petroleum Pumps 16% More Oil from Albanian Field
Tuesday, January 12, 2010 Bankers Petroleum's fourth quarter production averaged 7,230 bopd from the Patos Marinza oil field in Albania compared to third quarter production of 6,258 bopd, an increase of 16%.
Bankers Increases 2010 Capex by 275%
Tuesday, December 22, 2009 Bankers Petroleum has announced its capital expenditure program and production target for 2010.
Bankers' Application for Albanian Block Gets Stamp of Approval
Friday, December 04, 2009 Bankers Petroleum announced that the main terms and conditions for a petroleum agreement for Block "F" exploration acreage application have been accepted by the National Agency of Natural Resources.
Bankers Petroleum Notes Slight Drop in Albanian Production
Tuesday, October 06, 2009 Bankers Petroleum reported that its third quarter production averaged 6,258 bopd from the Patos Marinza oil field in Albania compared to second quarter production of 6,383 bopd.
Bankers Petroleum Cites Albanian Reserves Increase in 2008
Friday, March 27, 2009 Bankers Petroleum reported that its proved, probable and possible reserves increased in 2008.
Bankers Petroleum Provides Exit Production Rate for Albanian Oil Field
Tuesday, January 13, 2009 Bankers Petroleum noted that its fourth quarter production averaged 6,563 bopd from the Patos Marinza oil field in Albania compared to third quarter production of 5,880 bopd.
Bankers Increases Production, Secures Rigs in 3Q
Thursday, October 09, 2008 Bankers Petroleum reported that third quarter production averaged 5,881 bopd from the Patos Marinza oil field in Albania compared to second quarter production of 5,826 bopd.
Bankers Cites Daily Production Increases by 12%, Spuds Albanian Well
Monday, July 21, 2008 Bankers Petroleum cited a production average of 5,822 bopd from the Patos Marinza oil field in Albania for 2Q 2008. Daily production increased by 12% over first quarter production of 5,218 bopd.
BNK Enters Binding Commitment with Capital One for 2 Loan Facilities
Wednesday, July 16, 2008 BNK Petroleum entered into a binding commitment with the Energy Banking division of Capital One, N.A. through its wholly owned subsidiary Bankers Petroleum Inc. for two loan facilities.
Bankers Petroleum Finalizes Company Spin Out
Tuesday, July 15, 2008 Bankers Petroleum provided the following update in respect of its plan of arrangement pursuant to which all of Bankers U.S. operations and assets have been spun out into BNK Petroleum Inc.