Bankers Petroleum announces appointment

BANKERS PETROLEUM LIMITED - Bankers Petroleum announces appointment

PR Newswire

London, March 20

Bankers Petroleum announces appointment of new President & Chief ExecutiveOfficer

CALGARY, March 20, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the"Company") (TSX: BNK, AIM: BNK) is pleased to announce the appointment of Mr.David Lawrence French as President and CEO effective April 2013, subject toregulatory approvals. Abdel ("Abby") Badwi who is retiring from his currentexecutive role will continue to serve as a Director and Vice Chairman of theBoard.

David French, aged 43, is an international energy executive with 22 years ofexperience in the development and production of oil and gas fields in NorthAmerica and overseas. He graduated from Rice University in MechanicalEngineering and has a Master of Business Administration from Harvard BusinessSchool. Before this appointment he was Vice President of Business Development,coordinating acquisitions and divestments with Apache Corporation in Houston.With Apache, he has also served as Region Production Manager for Apache Canadain Calgary where he was involved in all areas of gas and oil operationsincluding secondary and enhanced oil recovery, in Alberta and Saskatchewan; hehas also served as Director of global HS&E in Houston. Mr. French worked forseveral years with McKinsey & Company in Houston, a management consulting firmwhere his work focused on energy firm growth, portfolio management, and capitalefficiency. He started his career with Amoco where he gained extensiveexperience in oilfield operations with secondary and enhanced oil recoveryprojects in Texas and New Mexico.

"Mr. French's expertise in enhanced oil recovery, merger and acquisitions,capital management, and health, safety and environment stewardship will provevery valuable for Bankers' future development and growth strategy", commentedRobert Cross, Bankers' Chairman of the Board, he added, "Abby will continue toprovide assistance where needed, particularly in Albania and in the capitalmarkets where his relationships are a key asset for the Company. Abby and histeam have taken Bankers from 5,000 barrels of oil per day (bopd) to 17,000 bopdin just over five years despite two financial crises and the challengesassociated with brownfield development. He is leaving his executive role at atime when Bankers is very well positioned on all fronts, with an excellenttechnical team, quality management at all levels, a strong balance sheet, and adiversified group of buyers for our crude oil. Probably most importantly,Bankers is currently producing free cash flow, net of capital spending. TheBoard and Management of Bankers would like to extend their best wishes for Abbyand his wife, Sandy, in their retirement and to David and his family on his newappointment and future with Bankers."

Although Mr. French is not a Director on the Board of Bankers the followingdisclosures are provided in accordance with Schedule 2g) of the AIM Rules forCompanies;

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:

Abby Badwi President and Chief Executive Officer (403) 513-2694Doug Urch Executive VP, Finance and Chief Financial Officer (403) 513-2691Mark Hodgson VP, Business Development (403) 513-2695

(BNK.)