Bankers Petroleum Ltd. - Director Shareholding

19 Nov 2008 07:00

Bankers Petroleum Ltd. (the "Company") - Director Shareholding

AIM: BNK

CALGARY, Nov. 19 /CNW/ - The Company announces that on 17th of November 2008 the Company granted the following options, all of which are exercisable into common shares of the Company at a price of CDN$1.05, to Directors and Executives of the Company (in accordance with the Company's employee Stock Option Plan):

Director Options Granted ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President & Chief Executive Officer 923,000 Douglas C. Urch VP, Finance & Chief Financial Officer 280,000 Ian McMurtrie VP, Exploration & Development 280,000 Bob Petryk VP & General Director, Albania 130,000 Suneel Gupta VP, Production & Operations 130,000 Eugene Christensen VP, Engineering 130,000 Rick Pawluk Corporate Secretary 25,000 Robert Cross Director 75,000 Eric Brown Director 50,000 Jon Harris Director 50,000 John Zaozirny Director 50,000 Phil Knoll Director 100,000 Wesley Clark Director 100,000

The options will expire on November 16, 2013 and are subject to the following vesting provisions: one-third shall vest and become exercisable immediately; one-third shall vest and become exercisable on each of the first and second anniversaries of the date of grant.

As at November 17, 2008 the Company has 182,540,181 Issued & Outstanding common shares.

For further information: Douglas C. Urch, VP, Finance and Chief Financial Officer, Ph: (403) 513-2691, Email: investorrelations(at)bankerspetroleum.com, Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Adams Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500 (BNK)