BANKERS PETROLEUM OPERATIONAL UPDATE FOR THE THIRD QUARTER 2013

Bankers Petroleum Ltd announced on 04 October the Company’s third quarter operational update.

Production, Sales and Oil Prices

Average production from the Patos-Marinza oilfield in Albania for the third quarter of 2013 was 18,541 barrels of
oil per day (bopd), 3.7% higher than 17,886 bopd in the second quarter. Oil sales during the quarter averaged
18,332 bopd, 1.8% higher than the previous quarter average of 18,008 bopd. The crude oil inventory at September
30, 2013 was 349,000 barrels, 19,000 barrels higher than 330,000 barrels at June 30, 2013.
The Patos-Marinza third quarter average oil price was approximately $86.88 per barrel (representing 79% of the
Brent oil price of $110.37 per barrel), as compared with the second quarter average oil price of $80.45 per barrel
(representing 79% of the Brent oil price of $102.43 per barrel).
For the nine months ended September 30, 2013 oil sales were 17,655 bopd ($85.26 per barrel) an increase of 23%
from 14,393 bopd ($80.21 per barrel) for the comparable 2012 period.

Drilling Update

Thirty-four (34) horizontal wells were drilled and rig released during the third quarter in the main area of the Patos Marinza oilfield: thirty-two (32) horizontal production wells and two (2) horizontal lateral re-drills. Twenty-five
(25) of these wells were completed and are on production, and the remaining nine (9) will be placed on production
in October pending rig move off the pad, well completion, and facilities build.
Bankers continues to develop the field through pad drilling of multiple zones within the core area of the PatosMarina oilfield. In conjunction with the primary drilling program, the Company will continue to expand on the water
and polymer flood patterns.
In addition, the Company drilled the second exploration well on Block “F” early in the third quarter and has
commenced lease construction for the first horizontal development well at Kuçova which is expected to be spud in
the fourth quarter.

Secondary and Tertiary Recovery Program

The Company continues to monitor its Upper Marinza water flood and Lower Driza polymer flood patterns with
initial production response expected in the first half of 2014. The water flood patterns include three (3) injection
wells with the third injector added in August. The polymer flood patterns include two (2) injection wells, plus a
third injector which has been converted in September and will commence injection in October. Fourth quarter plans
include additional conversion of three (3) polymer injection and up to four (4) water injection wells.

energjia.al, 04.10.2013