Common Shares Issuance

5 Feb 2007 07:00

Block Admission Return

CALGARY, Feb. 2 /CNW/ - The Company makes the following announcement with respect to the issuance of common shares, options, and warrants for the period from August 10th, 2006 to February 5th, 2007.

COMMON SHARES ISSUED & OUTSTANDING ------------------------------------------------------------------------- Shares Exercise Compensation Shares Outstanding Options $0.40 Options Outstanding 9th Aug 2006 Exercised Warrants $0.55 5th Feb 2007 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- 406,447,498 0 5,555,750 63,386 412,066,634 ------------------------------------------------------------------------- STOCK OPTIONS OUTSTANDING ------------------------------------------------------------------------- Stock Options Exercise Stock Exercise Stock Outstanding Price Options Price Options 9th Aug 2006 $/share Exercised $/share Granted ------------------------------------------------------------------------- $0.75 1,750,000 ------------------------------------------------------------------------- $0.65 400,000 ------------------------------------------------------------------------- $0.55 275,000 ------------------------------------------------------------------------- $0.64 4,900,000 ------------------------------------------------------------------------- $0.64 300,000 ------------------------------------------------------------------------- 21,105,000 0 7,625,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Stock Exercise Stock Options Price Options Outstanding $/share Cancelled 5th Feb 2007 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- 0 28,730,000 ------------------------------------------------------------------------- $0.40 WARRANTS OUTSTANDING ------------------------------------------------------------------------- $0.40 Warrants Warrants Outstanding Outstanding 9th Aug Exercise Exercise 5th Feb 2006 Price Exercised Price Expired 2007 ------------------------------------------------------------------------- $0.40 (5,000) ------------------------------------------------------------------------- $0.40 (25,000) ------------------------------------------------------------------------- $0.40 (145,000) ------------------------------------------------------------------------- $0.40 (29,000) ------------------------------------------------------------------------- $0.40 (7,500) ------------------------------------------------------------------------- $0.40 (25,000) ------------------------------------------------------------------------- $0.40 (5,000) ------------------------------------------------------------------------- $0.40 (98,000) ------------------------------------------------------------------------- $0.40 (25,000) ------------------------------------------------------------------------- $0.40 (10,000) ------------------------------------------------------------------------- $0.40 (1,547,500) ------------------------------------------------------------------------- $0.40 (70,500) ------------------------------------------------------------------------- $0.40 (19,500) ------------------------------------------------------------------------- $0.40 (2,500) ------------------------------------------------------------------------- $0.40 (32,500) ------------------------------------------------------------------------- $0.40 (635,500) ------------------------------------------------------------------------- $0.40 (182,500) ------------------------------------------------------------------------- $0.40 (145,000) ------------------------------------------------------------------------- $0.40 (287,500) ------------------------------------------------------------------------- $0.40 (139,500) ------------------------------------------------------------------------- $0.40 (500,000) ------------------------------------------------------------------------- $0.40 (67,500) ------------------------------------------------------------------------- $0.40 (50,000) ------------------------------------------------------------------------- $0.40 (5,000) ------------------------------------------------------------------------- $0.40 (12,000) ------------------------------------------------------------------------- $0.40 (275,500) ------------------------------------------------------------------------- $0.40 (95,000) ------------------------------------------------------------------------- $0.40 (145,000) ------------------------------------------------------------------------- $0.40 (10,000) ------------------------------------------------------------------------- $0.40 (100,000) ------------------------------------------------------------------------- $0.40 (175,000) ------------------------------------------------------------------------- $0.40 (40,000) ------------------------------------------------------------------------- $0.40 (45,500) ------------------------------------------------------------------------- $0.40 (57,000) ------------------------------------------------------------------------- $0.40 (5,000) ------------------------------------------------------------------------- $0.40 (15,000) ------------------------------------------------------------------------- $0.40 (721,250) ------------------------------------------------------------------------- 5,555,750 5,034,500 721,250 0 -------------------------------------------------------------------------

The company currently has an issued share capital of 412,066,634 as at February 5, 2007. During the period, the Company issued 7,625,000 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) 541-5313, Fax: (403) 245-5156, Email: ssoprovich(at)bankerspetroleum.com (BNK)