Bankers Spuds Vertical Well in Patos Marinza

On June 21, Bankers commenced drilling operations in Albania with the spudding of its first vertical infill well. This activity occurs as outlined in the Addendum to the Plan of Development for the Patos Marinza oil field, which calls for 110 vertical and horizontal wells to be drilled by the end of 2010.

The first four wells are being drilled from the same pad, targeting Gorani and Driza sandstone formations with an anticipated total true vertical depth of approximately 1,350 meters.