David French, chief executive of Toronto and AIM listed Bankers Petroleum (LON:BNK) (TSX:BNK) says the firm is aiming to ramp up oil production from its Albania field 30,000 bopd by 2020. To date at Patos-Marinza, the largest onshore oilfield in Europe, the firm has invested over US$1.7bln dollars in Albania, more than doubled reserves and grown production to over 20,000 bopd. The firm remains fully funded and cash generative, with margins of US$25 per barrel even with oil prices around US$50.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.