Bankers Petroleum is pleased to announce, with effect from today, the closing of its previously announced plan of arrangement with affiliates of Geo-Jade Petroleum Corporation. Pursuant to the Arrangement, Geo-Jade has acquired all the issued and outstanding common shares of Bankers through its affiliates for a cash price of C$2.20 per Bankers [...]
S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: The shareholders of Bankers Petroleum have agreed to the terms of a takeover offer from Geo-Jade Petroleum Corp. Shareholders of Bankers Petroleum will receive $CDN2.20 cash for each share held. Bankers Petroleum will be removed from the S&P/TSX [...]
Bankers Petroleum is pleased to announce that the proposed plan of arrangement with affiliates of Geo-Jade Petroleum Corporation has received Chinese State Administration of Foreign Exchange approval. At this time the required regulatory approvals for the completion of the Arrangement have been received. Bankers anticipates completion of the [...]
Bankers Petroleum is pleased to announce the signing of a conditional domestic offtake crude oil sales agreement with Ionian Refining and Trading Co. – IRTC SH.A. The agreement will become effective upon receipt by Bankers of the Albanian Government's approval of the Company's proposed drilling program for the fourth quarter of 2016 and in [...]
Bankers Petroleum announces that the binding third-party audit report has been released with respect to the 2011 tax dispute, determining that Bankers correctly stated its 2011 expenses as cost recoverable according to the Petroleum Agreement and the License Agreement. As previously agreed to by the Albanian National Agency for Natural Resources [...]
CALGARY, Aug. 11, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide its 2016 second quarter financial and operational results. During the second quarter, Bankers achieved a cash margin of US$11.03 per barrel. All amounts listed in this news release are in US dollars unless otherwise stated [...]
CALGARY, Aug. 4, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is scheduled to release its second quarter 2016 financial results and updated corporate presentation on Thursday, August 11, 2016 at 5:00 am MDT (7:00 am EDT, 12:00 pm BST). ------------ About Bankers Petroleum Ltd. Bankers Petroleum Ltd. is a [...]
CALGARY, July 30, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that it has finalized an extension for the corporate transaction with affiliates of Geo-Jade Petroleum Corporation ("Geo-Jade") pursuant to an arrangement agreement dated March 19, 2016 (the "Arrangement Agreement"). The [...]
CALGARY, July 21, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide an update on the corporate transaction with affiliates of Geo-Jade Petroleum Corporation ("Geo-Jade") pursuant to an arrangement agreement dated March 19, 2016 (the "Arrangement Agreement"). Pursuant to the Arrangement [...]
CALGARY, July 6, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce the Company's second quarter operational update. Production Bankers achieved a second quarter 2016 production average of 15,934 barrels of oil per day (bopd), 8.2% below the first quarter 2016 average of 17,363 bopd [...]
CALGARY, June 22, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that the proposed plan of arrangement (the "Arrangement") with affiliates of Geo-Jade Petroleum Corporation ("Geo-Jade") has received Ministerial approval under the Investment Canada Act. Pursuant to the Arrangement [...]
CALGARY, June 8, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that the Company has resumed its usual operations following commencement of export activities at the Petrolifera Italo Albanese ("PIA") Terminal port facility near Vlore, Albania on Tuesday, June 7. Over the past six days [...]
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