Patos-Marinza Environmental Remediation and Development

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In 2009 the EBRD granted a borrowing based loan, an environmental loan and an equity investment in Bankers Petroleum Ltd. (“Company”) to support this medium sized oil company in the remediation and redevelopment of the Patos-Marina oilfield, which is one of the largest on-shore oilfields in Europe. In addition to the Company’s license area, the Bank supports the Company and Government with the aim of wider remediation of adjacent sites which have been impacted by oil field operations and managed by the State-owned oil company Albpetrol whose operations are currently intermingled with that of the Company. In 2013 the EBRD extended the maturity and increased the amount of the original borrowing based loan in order to help the Company consolidate its financial position and keep it engaged in the environmental and social outreach programs already initiated. Positive transition impact potential is expected to arise from increased private sector participation in the oil and gas upstream sector in Albania, which so far has been dominated by state-owned Albpetrol. The project is also expected to lead to a significant upgrade of environmental standards and skills and technological transfer. The Company has introduced in Albania heavy oil handling techniques that vastly improve oil recovery and minimize environmental damage. In addition to the conventional recovery techniques, Bankers intends to introduce in Albania two new recovery techniques: polymer flooding and thermal programs. The new recovery processes, if proved successful, can be replicated by other producers with mature oil fields in Albania. Increased transparency through adherence to Publish What You Pay (“PWYP”) has been agreed with the Company. Finally, an associated technical cooperation programme will support the Albanian authorities and the Company in developing a social/retrenchment programme has the potential to build institutional capacity to deal in the future with these issues according to best international practices. Bankers Petroleum is a Calgary-based oil and gas exploration and production company and will be responsible for the implementation of the project. The facility consists of a US$ 50 million (€39 million equivalent) long-term borrowing based debt and US$ 5 million (€3.9 million equivalent) environmental remediation loan. In addition, the Bank will also take an equity stake of up to C$ 12 million (€ 7.6 million equivalent). In 2013 the US$ 50 million borrowing based debt was increased to US$ 100 million. The IFC will co-finance the project on a 50-50 basis through mirror facilities. Intial: US$ 130 million. Extension: US$ 439 million. €50,000 has been provided by DFID to support the retrenchment issues associated with the project by working with relevant government departments. In addition, there may be opportunities for further TC projects associated with the environmental clean-up activities. Abby Badwi, President and Chief Executive Officer (403) 513-2694 Doug Urch, VP, Finance and Chief Financial Officer (403) 513-2691 Email: investorrelations@bankerspetroleum.com Website: www.bankerspetroleum.com