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Bankers Petroleum 2014 Investor Day Expanding Margins, Encouraging Initial Water and Polymer Flood Results and5-Year Development Outlook CALGARY, June 9, 2014 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the"Company") (TSX: BNK, AIM: BNK) is pleased to announce cost reductioninitiatives, early stage water and polymer flood results, and the outline of a5-year development program. The Toronto Investor Day presentation will bestreamed live through webcast today, Monday, June 9th, 2014 beginning at 12:30pm EDT. An additional presentation will be made in London on June 11th at 8:00am (BST). Over the past year, Bankers has been focused on a strategy of deliveringconsistent, reliable growth through our primary drilling program, expanding ourmargins through operational improvements, and evaluating the potential of waterand polymer floods in the Patos-Marinza oilfield. In today's Investor Daypresentation, representatives of Banker's management and technical teams willdiscuss performance in each of these areas. Cost Initiatives Drilling and Capital Costs · Over the past several years, the Company has made strong progress inreducing drilling costs to approximately $1 million per horizontal well with anaverage drill time of 12 days through improved well design and drillingpractices. This is a 30% reduction in costs from $1.3 million per well and anaverage drilling time of 14 days in 2011. · The Company is focused on continued optimization of well design, aswell as further reduction of costs through improved contracts and supplysourcing initiatives. · Looking forward, the Company is pursuing new initiatives includingdrilling the first multi-lateral well in the heavier oil quality Goranireservoir in the third quarter of this year, and conducting lateral drainagetesting to further evaluate the optimal horizontal length for improved wellperformance. Expanding our Margins · In the first quarter of this year, the Company announced recordnetbacks of $55.75 as a result of cost reduction initiatives underway in bothoperating, sales and transportation costs. · Over the past year, the Company has reduced diluent costs by $3.59per barrel through optimizing its central treating process, and reducing usageof diluent in workover fluids. Bankers will continue to pursue ways to reducediluent, as well as focus on developing production from the Marinza andBubullima reservoir zones which contain lighter oil. · The Company is also improving its energy costs through transitionfrom diesel generators to natural gas and electric power units in the field,and the development of gas gathering infrastructure to harness associated gasproduced in conjunction with its heavy oil. · Ongoing analysis of workover trends, and both improved progressivecavity pump design and artificial lift systems, have resulted in significantlylonger pump run times and well performance over the last several quarters. In2014, the Company expects to further reduce workover costs through the additionof tubing rotators and continuous rod application. · Looking forward, Bankers will focus on reducing in-field trucking byassessing the additional tie-in of over 60 percent of its transported volumes.Three current flow-line projects are under way targeting a large portion ofthis volume, with further infrastructure expansion expected in 2015. Water and Polymer Flood Program · In 2013, and through the first half of 2014, Bankers has implemented3 water and 9 polymer flood patterns and continues to monitor early stageresults. The water flood patterns are in the Marinza (M0) and polymer floodpatterns in the Lower Driza (D3, D4, and D5) reservoir sands within the mainarea of the Patos-Marinza oilfield. Early Stage ResultsBankers is pleased to announce the following results of these initial patterns: · Performance to date from all patterns is exceeding the minimumperformance levels set by the Company with respect to economic thresholds inoffset producer response. · The Company is strongly encouraged by these results and will continueto expand the water and polymer floods, testing additional areas of the fieldand reservoir zones with 14 injector conversions projected in 2014 andincreasing to 25 conversions in 2015. · While these results are exciting and could lead to incrementalrecovery as well as reduced field declines in successful flood demonstrationareas, investors are cautioned that the response is still early stage. 5-Year Development Plan · Bankers is also pleased to share a five year development outlookbased on continued primary development through horizontal drilling, theaddition of further water and polymer flood patterns and the evaluation of apotential thermal program. Primary Development · Through continued execution of the horizontal drilling program, theCompany expects to deliver reliable annual production growth of 10 - 15 %,drilling between 150 - 170 wells per year and focusing on managing costs tomaximize netbacks. Secondary Development · Secondary expansion will continue into the balance of 2014 and 2015,with pace of development in 2016 and beyond lead by performance response. · Patos-Marinza's initial results are inline with analogous fieldsyielding incremental recovery. The Company looks forward to delineation ofthese results in the coming years. Thermal Development · Data collection and evaluation continue for potential thermalrecovery to target the shallow and heavier areas of the Patos-Marinza oilfield. · Over the next two to three years, the Company plans to obtain coredata to evaluate the reservoir suitability, and develop a pilot test in an areaamenable to thermal techniques. Investor Day Presentation Webcast Details For those unable to attend today's Investor Day presentation, the live audiowebcast can be accessed through Bankers website at www.bankerspetroleum.com orby entering the following URL into your web browser, http://event.on24.com/r.htm?e=794785&s=1&k=7E3E45837B38B2568044F4DA048A5508. Supporting Documents The 2014 Investor Day presentation is available on the Company's website atwww.bankerspetroleum.com. London Investor DayBankers will be hosting another Investor Day presentation in London onWednesday, June 11th, 2014 at the May Fair Hotel. Institutional investors andanalysts that are interested in attending are asked to register by contactingLaura Bechtel at lbechtel@bankerspetroleum.com. London Presentation Agenda8:30 - 9:15 am (BST) Cost Initiatives9:25 - 10:10 am (BST) Polymer and Water Flood Results10:20 - 10:50 am (BST) 5-Year Development Outlook About Bankers Petroleum Ltd. Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration andproduction company focused on developing large oil and gas reserves. InAlbania, Bankers operates and has the full rights to develop the Patos-Marinzaheavy oilfield, has a 100% interest in the Kuçova oilfield, and a 100% interestin Exploration Block "F". Bankers' shares are traded on the Toronto StockExchange and the AIM Market in London, England under the stock symbol BNK. SOURCE: Bankers Petroleum Ltd. For further information: David FrenchPresident and Chief Executive Officer(403) 513-6930 Doug UrchExecutive VP, Finance and Chief Financial Officer(403) 513-2691 Laura BechtelInvestor Relations Analyst(403) 513-3428 Email: investorrelations@bankerspetroleum.comWebsite: www.bankerspetroleum.com AIM NOMAD:Canaccord Genuity LimitedHenry Fitzgerald-O'Connor+44 0 207 523 8000 AIM BROKER:FirstEnergy Capital LLPHugh Sanderson / David van Erp+44 0 207 448 0200

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