Video David French17 Nov 2015 07:50
Published on Nov 16, 2015
https://www.youtube.com/watch?v=JzOhf4216RM
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.