Bankers - Annual Filing

3 Apr 2006 07:00

Bankers Petroleum Limited31 March 2006 BANKERS PETROLEUM LTD. ANNOUNCES ANNUAL FILINGS UNDER NATIONAL INSTRUMENT 51-101 STANDARDS OF DISCLOSURE FOR OIL AND GAS ACTIVITIES March 31, 2006 BNK:TSX-V Calgary, Alberta - Bankers Petroleum Ltd. (the "Company") announces that it hasfiled its Form 51-101F1 Statement of Reserves Data and Other Oil and GasInformation for its year ended December 31, 2005. The Company has also filedForm 51-101F2 Report of Independent Qualified Reserves Evaluator and Form51-101F3 Report of Management and Directors on Oil and Gas Disclosure, all underNational Instrument 51-101. These filings can be accessed electronically on theSEDAR website: www.sedar.com. BANKERS PETROLEUM LTD. Per: "Richard Wadsworth P.Eng." Richard Wadsworth, President For further information, please contact 604-609-6110. Information in this the NI 51-101 respecting the Plan of Development, reservesestimates, production estimates and targets, development costs, work programsand budgets constitute forward-looking information. Such forward-lookinginformation is based on certain assumptions, including the availability of fundsfor capital expenditures necessary to construct the infrastructure required forfuture development, a favorable political and economic operating environment, aconsistent rate of well re-completions and costs, success rates, productionperformance and build-up periods for well re-completions that are consistentwith or an improvement over historical levels. Such forward-looking informationinvolves known and unknown risks, uncertainties and other factors which maycause the actual costs and results of the Company and its operations to bematerially different from estimated costs or results expressed or implied bysuch forward-looking statements. Such factors include, among others politicaland economic risks associated with foreign operations, general risks inherent inpetroleum operations, risks associated with equipment procurement and equipmentfailure, availability of qualified personnel, risks associated withtransportation, currency and exchange rate fluctuations and other risksdescribed in the Company's NI 51-101F1 and Annual Information Form filed onwww.sedar.com. Although the Company has attempted to take into account importantfactors that could cause actual costs or results to differ materially, there maybe other factors that cause costs and timing of the Company's program or resultsnot to be as anticipated, estimated or intended. There can be no assurance thatsuch statements will prove to be accurate as actual results and future eventscould differ materially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking information. This information is provided by RNS The company news service from the London Stock Exchange