Latest Patos-Marinza Oil Field Stories
Realised Free Cash Flow and Record Production; Current Production 17,500 bopd CALGARY, May 9, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide its 2013 first quarter financial and operational results. During the quarter, Bankers achieved several key milestones, including its first quarter of free cash flow and record production levels. Results at a Glance Three months ended March...
Average Quarterly Production 16,900 bopd and Credit Facility Extension CALGARY, April 5, 2013 /PRNewswire/ - Bankers Petroleum Ltd. (Bankers or the Company) (TSX: BNK) (AIM: BNK) is pleased to announce the Company's first quarter operational update. Production, Sales and Oil Prices Average production from the Patos-Marinza oilfield in Albania for the first quarter of 2013 was 16,916 barrels of oil per day (bopd), 4.7% higher than 16,163 bopd in the fourth quarter of 2012. ...
CALGARY, March 28, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK) (AIM: BNK) announces completion of its 2012 statutory filings including the Annual Information Form ("AIF") and the Statement of Reserves Data ("51-101") for the year ended December 31, 2012. The filings can be accessed on the System of Electronic Document Analysis ("SEDAR") and Bankers website. Contingent and Prospective Resources Bankers Petroleum announces its 2012...
16% increase in Oil Sales and 30% increase in Cash Flow CALGARY, March 15, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK) (AIM: BNK) is pleased to provide its 2012 Financial Results. In 2012, Bankers accomplished several key achievements including record production and cash flow. The Company also invested $222.7 million in capital expenditures during 2012. Results at a...
224 Million Barrels of Proved plus Probable (2P) Reserves; NPV of $1.86 billion Average Production 1(st) Quarter to Date 16,800 bopd CALGARY, Feb. 24, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide the results of its December 31, 2012 independent reserves evaluation. Evaluations were conducted by RPS Energy Canada Ltd. (RPS) for the Patos-Marinza oilfield, Albania and by DeGolyer and McNaughton Canada Ltd....
Average Quarterly Production 16,160 bopd CALGARY, Jan. 7, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce the following fourth quarter operational update. PRODUCTION, SALES AND OIL PRICES Average production for the fourth quarter was 16,163 bopd, representing a 3.5% increase from 15,616 bopd in the third quarter. While late November and early December production volumes were impacted by heavy rains,...
Fully Funded US$247 Million Capital Program in Albania CALGARY, Dec. 10, 2012 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce its 2013 capital program of US$247 million, to be fully funded with funds generated from operations. This represents a record annual activity level and takes Bankers cumulative capital investment in Albania to over $1 billion. The budget has been approved by the Company's Board of Directors...
