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Bankers Petroleum announces filing of 2012 statutory filings including AIF and Statement of Reserves Data
CALGARY, March 28, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: B...
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, March 28, 2013 /CNW/ - Bankers Petroleum Ltd. (\"Bankers\" or the\n \"Company\") (TSX: BNK) (AIM: BNK) announces completion of its 2012\n statutory filings including the Annual Information Form (\"AIF\") and the\n Statement of Reserves Data (\"51-101\") for the year ended December 31,\n 2012. The filings can be accessed on the System of Electronic Document\n Analysis (\"SEDAR\") and Bankers website.\n\n\nContingent and Prospective Resources\n\n\nBankers Petroleum announces its 2012 contingent and prospective\n resources attributed to the periphery extensions and increased\n development of the Patos-Marinza oilfield as provided by its reserves\n evaluator, RPS Energy Canada Ltd. Contingent resources for 2012 are 534\n million barrels, compared to 994 million barrels in 2011.  Prospective\n resources are 254 million barrels, compared to 616 million barrels in\n 2011.  The resource estimates include expansion of primary recovery\n development as well as recognition for secondary and tertiary recovery\n methods.\n\n\nThe contingent and prospective resource adjustments reflect the\n reduction in the oil in place volumes in the field disclosed on\n February 25, 2013, from updated geologic mapping of the individual\n reservoir sands.  The reduced resource volumes are aligned with the\n Company's deferred development plans in the area and allow for further\n evaluation through delineation drilling and data collection.\n\n\nOperational Update\n\n\nThe Company intends to issue the first quarter 2013 operational update\n and host a conference call on Friday, April 5, 2013.  Mr. David French,\n Bankers' newly appointed President and CEO will also be participating\n on the call.\n\n\nCaution Regarding Forward-looking Information  \n\n\nInformation in this news release respecting matters such as the expected\n future production levels from wells, future prices and netback, work\n plans, anticipated total oil recovery of the Patos-Marinza and Kuçova\n oilfields constitute forward-looking information.  Statements\n containing forward-looking information express, as at the date of this\n news release, the Company's plans, estimates, forecasts, projections,\n expectations, or beliefs as to future events or results and are\n believed to be reasonable based on information currently available t...