Bankers Petroleum reports 1st Quarter 2011 operational results; Production up 14% over 2010 last quarter; Plan to achieve exit production target of 20,000 bopd for 2011

Oil sales from the Patos-Marinza oilfield in Albania during the first quarter averaged 11,894 bopd compared to fourth quarter sales of 10,424 bopd, an increase of 14%. Average production for the first quarter was 12,147 bopd.

Patos Marinza Oil Field

2011 Horizontal Program

The company drilled 60 successful horizontal wells in 2011. Horizontal well production forecast 135 bopd. 8 of 17 oil productive zones have been drilled and several more zones will be targeted in 2011

Block F Exploration Acreage

The company has three existing gas fields with potential field extensions.

Exploration well in Q3 to identify gas potential of Ardenica structure.

Continue work on potential Pliocene gas above Povelca and Frakullafields, and other untested stratigraphic anomalies

Continue reprocessing and interpreting 430 km of 2D seismic to detail identified anomalies for Q3 drilling.

Kucova Oil Field

US$ 50 million Plan of Development (PoD) for the field has been approved by the Albanian authorities. Activity has commenced as part of the approved 2011 work program on the first group of wells with recompletion of two production wells, one water source well and the conversion of one water injection well n"; mso-ansi-language:EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA'>Continue reprocessing and interpreting 430 km of 2D seismic to detail identified anomalies for Q3 drilling.

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Bankers Petroleum 2011 Corporate Presentation

http://docsearch.derrickpetroleum.com/files/10983/Bankers%20Petroleum%202011%20Corporate%20Presentation.pdf#search=Bankers%20petroleum

Bankers Petroleum reveals 2010 annual results; Production up 49% over 2009; Plan to achieve exit production target of 20,000 bopd for 2011

Bankers Petroleum’s 2010 average production increased 49% to 9,597 bopd from 6,438 bopd in 2009. The company increased production through annual capital investment in Albania, of US$122 million, which includes the effective implementation of the Patos-Marinza development plan as well as applying EOR and secondary extraction techniques to increase the field's recoverable reserves.

Bankers Petroleum 2011 capital program budgeted at US$ 215 million and projected 2012-2014 capital programs to average $200mm/year.

As part of 2011, the company plan to drill 66 horizontal and vertical wells and complete 120 well         reactivations and work-overs at the Patos-Marinza oilfield to increase production facilities to handle our target exit production rate of 20,000 bopd