Blocklisting - Interim Review

6 Aug 2007 07:00

Block Admission Return

CALGARY, Aug. 3 /CNW/ - The Company makes the following announcement with respect to the issuance of common shares, options, and warrants for the period from February 6th, 2006 to August 3rd, 2007.

------------------------------------------------------------------------- COMMON SHARES ISSUED & OUTSTANDING ------------------------------------------------------------------------- ------------------------------------------------------------------------- Equity Shares Exercise Compensation Placement Shares Outstanding Options $0.40 Options Shares Outstanding 6th Feb 2007 Exercised Warrants $0.55 (at)$0.70 3rd Aug 2007 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- 412,066,634 0 0 0 36,042,858 448,109,492 ------------------------------------------------------------------------- -------------------------- STOCK OPTIONS OUTSTANDING -------------------------- ------------------------------------------------------------------------- Stock Options Exercise Stock Exercise Stock Exercise Outstanding Price Options Price Options Price 6th Feb 2007 $/share Exercised $/share Granted $/share ------------------------------------------------------------------------- $0.64 300,000 ------------------------------------------------------------------------- $1.47 ------------------------------------------------------------------------- $1.15 ------------------------------------------------------------------------- $0.65 35,000 ------------------------------------------------------------------------- $0.52 3,975,000 ------------------------------------------------------------------------- $0.56 100,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 28,730,000 0 4,410,000 ------------------------------------------------------------------------- -------------------------- Stock Stock Options Options Outstanding Cancelled 3rd Aug 2007 -------------------------- -------------------------- 150,000 -------------------------- 35,000 -------------------------- -------------------------- -------------------------- -------------------------- 185,000 32,955,000 -------------------------- $0.90 WARRANTS OUTSTANDING ------------------------------------------------------------------------- $0.90 Warrants Outstanding Warrants 6th Feb Exercise Exercise Outstanding 2007 Price Exercised Price Expired 3rd Aug 2007 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- 0 0 0 18,021,429 -------------------------------------------------------------------------

The company currently has an issued share capital of 448,109,492 as at August 3, 2007. During the period, the Company issued 4,410,000 stock options.

This press release is being issued in compliance with the rules of the

AIM market of the London Stock Exchange.

For further information: Susan J. Soprovich, VP, Investor Relations & Corporate Governance, Tel: (403) 513-2681, Fax: (403) 228-9506, Email: ssoprovich(at)bankerspetroleum.com; AIM NOMAD: Ryan Gaffney, +44 20 7050 6777 (BNK)