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Bankers Petroleum Operational Update for the Second Quarter 2013 Average Quarterly Production 17,800 bopd CALGARY, July 4, 2013 /CNW/ - Bankers Petroleum Ltd. (Bankers or the Company)(TSX: BNK) (AIM: BNK) is pleased to announce the Company's second quarteroperational update. Production, Sales and Oil Prices Average production from the Patos-Marinza oilfield in Albania for the secondquarter of 2013 was 17,800 barrels of oil per day (bopd), 5% higher than 16,919bopd in the first quarter. Oil sales during the quarter averaged 18,008 bopd,8% higher than the previous quarter average of 16,605 bopd. The crude oilinventory at June 30, 2013 was 330,000 barrels, 10,000 barrels less than340,000 barrels at March 31, 2013. The Patos-Marinza second quarter average oil price was approximately $80.36 perbarrel (representing 78% of the Brent oil price of $102.44 per barrel), ascompared with the first quarter average oil price of $88.70 per barrel(representing 79% of the Brent oil price of $112.57 per barrel). For the six months ended June 30, 2013 oil sales were 17,310 bopd ($84.34 perbarrel) an increase of 26% from 13,724 bopd ($80.57 per barrel) for thecomparable 2012 period. Drilling Update Thirty-nine (39) horizontal wells were drilled and rig released during thesecond quarter in the main area of the Patos-Marinza oilfield: thirty-five(35) horizontal production wells and four (4) horizontal lateral re-drills.Thirty-four (34) of these wells were completed and are on production, and theremaining five (5) will be placed on production in July. The Company continues to focus on pad drilling within production fairways andongoing legacy vertical well remediation, where necessary, ahead of theprogram. Pattern development drilling for secondary recovery techniques in theMarinza and Lower Driza zones has continued in the second quarter. Secondary and Tertiary Recovery Program The Company progressed with the first polymer flood pilot, converting a secondwell to injection. With continued satisfactory results, a further three wellsare expected to be converted in the third quarter. Contingent on pilot results,commercial polymer preparation equipment has been sourced for delivery in 2014.A water flood pattern was also initiated with the first well converted andplaced on injection early in the quarter and a second well converted and placedon injection in July. Block "F" The exploration well in Block "F" was spudded June 30th, 2013, and is expectedto take 21 days to drill. This is the second exploration well in Block "F" andwill complete Bankers two well obligation on the block. Infrastructure Development Key 2013 infrastructure projects including flow lines and satellite treatmentfacilities, tank storage expansion, and sludge treatment facilities commencedconstruction at Patos-Marinza in the second quarter and will continuethroughout the balance of the year. Updated Corporate Presentation For additional information on this operational update, please see the July 2013version of the Company's corporate presentation at www.bankerspetroleum.com. Conference Call The Management of Bankers will host a conference call on July 5, 2013 at 7:00am MDT to discuss this Operations Update. Following Management's presentation,there will be a question and answer session for analysts and investors. To participate in the conference call, please contact the conference operatorten minutes prior to the call at 1-888-231-8191 or 1-647-427-7450. A live audioweb cast of the conference call will also be available on Bankers website athttp://www.bankerspetroleum.com or by entering the following URL into your webbrowser http://www.newswire.ca/en/webcast/detail/1136995/1240855 The web cast will be archived two hours after the presentation on the website,and posted on the website for 90 days. A replay of the call will be availableuntil July 19, 2013 by dialing 1-855-859-2056 or 1-416-849-0833 and enteringaccess code 99227901. ------------ Caution Regarding Forward-looking Information Information in this news release respecting matters such as the expected futureproduction levels from wells, future prices and netback, work plans,anticipated total oil recovery of the Patos-Marinza and Kuçova oilfieldsconstitute forward-looking information. Statements containing forward-lookinginformation express, as at the date of this news release, the Company's plans,estimates, forecasts, projections, expectations, or beliefs as to future eventsor results and are believed to be reasonable based on information currentlyavailable to the Company. Exploration for oil is a speculative business that involves a high degree ofrisk. The Company's expectations for its Albanian operations and plans aresubject to a number of risks in addition to those inherent in oil productionoperations, including: that Brent oil prices could fall resulting in reducedreturns and a change in the economics of the project; availability offinancing; delays associated with equipment procurement, equipment failure andthe lack of suitably qualified personnel; the inherent uncertainty in theestimation of reserves; exports from Albania being disrupted due to unplanneddisruptions; and changes in the political or economic environment. Production and netback forecasts are based on a number of assumptions includingthat the rate and cost of well takeovers, well reactivations and wellrecompletions of the past will continue and success rates will be similar tothose rates experienced for previous well recompletions/reactivations/development; that further wells taken over and recompleted will produce atrates similar to the average rate of production achieved from wellsrecompletions/reactivations/development in the past; continued availability ofthe necessary equipment, personnel and financial resources to sustain theCompany's planned work program; continued political and economic stability inAlbania; the existence of reserves as expected; the continued release byAlbpetrol of areas and wells pursuant to the Plan of Development and Addendum;the absence of unplanned disruptions; the ability of the Company tosuccessfully drill new wells and bring production to market; and general risksinherent in oil and gas operations. Forward-looking statements and information are based on assumptions thatfinancing, equipment and personnel will be available when required and onreasonable terms, none of which are assured and are subject to a number ofother risks and uncertainties described under "Risk Factors" in the Company'sAnnual Information Form and Management's Discussion and Analysis, which areavailable on SEDAR under the Company's profile at www.sedar.com. There can be no assurance that forward-looking statements will prove to beaccurate. Actual results and future events could differ materially from thoseanticipated in such statements. Readers should not place undue reliance onforward-looking information and forward looking statements. Review by Qualified Person This release was reviewed by Suneel Gupta, Executive Vice President and COO ofBankers Petroleum Ltd., who is a "qualified person" under the rules andpolicies of AIM in his role with the Company and due to his training as aprofessional petroleum engineer (member of APEGA) with over 20 years'experience in domestic and international oil and gas operations. 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 French President and Chief Executive Officer (403) 513-6930 Doug Urch Executive VP, Finance and Chief Financial Officer (403) 513-2691 Mark Hodgson VP, Business Development (403) 513-2695 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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