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Bankers Petroleum Ltd. announced the results of its December 31, 2012 independent reserves evaluation. Evaluations were conducted by RPS Energy Canada for the Patos-Marinza oilfield, Albania and by DeGolyer and McNaughton Canada Ltd. for the Kuçova oilfield, Albania and were prepared in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.
The Original Oil in Place volumes in the reserves area of the field has been revised to 2.4 billion barrels, compared to 2.6 billion barrels at the end of 2011. OOIP outside the reserves area is 2.7 billion barrels compared to 5.1 billion barrels in 2011. Kucova OOIP resource estimate remains at 297 million barrels. Source: Bankers Petroleum
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