BankersPetroleum

completed

Bankers Petroleum Ltd. (“Bankers” or the “Company”) is a Canadian-based oil and gas exploration and production (“E&P”) company, exclusively focused on Albania. The Company’s primary asset is the Patos Marinza heavy oilfield, in which it holds a 100% interest and right to full operatorship as it gradually takes over the field from Albpetrol, the Albanian national oil company in the next few years. In 2008, Bankers has launched a strategic plan for Patos Marinza development, aiming to increase oil recovery rates and production over the next several years through application of primary and enhanced oil recovery methods. Bankers has recently acquired 100% interest in a nearby oilfield, Kucova, development plans for which will be prepared in 2009-2010 based on the evolving economic environment. The Company’s strategy is to remain focused on E&P activities in Albania.Bankers has invited IFC and European Bank for Reconstruction and Development (“EBRD”) to provide a financing package to help finance the development of its Albanian assets, and in particular, the Patos Marinza development plan.