Bankers Petroleum announces receipt of claim

About this update from Big Banc Split Corp. Class A

[{"type":"text","content":"\n\n\nCALGARY, Sept. 16, 2013 /CNW/ - Bankers Petroleum Ltd. (the \"Company\")\n announces that a claim has been filed in the Commercial Court of\n England and Wales against the Company's subsidiary Bankers Petroleum\n Albania Ltd. (\"BPAL\") by BP Oil International Ltd. (\"BPO\") in\n connection with a dispute between BPAL and BPO over the termination by\n BPAL of a crude oil sales contract between BPAL and BPO (the\n \"Contract\").\n\n\nBPO has alleged that BPAL wrongfully terminated the Contract and is\n seeking damages of approximately US$ 54 million.\n\n\nThe Company and BPAL believe that BPAL was fully within its legal rights\n to terminate the Contract, that BPO's claim is without merit and that,\n in any event, BPO's estimate of damages is exaggerated.  The Company\n intends that BPAL will vigorously defend the claim.\n\n\nAbout Bankers Petroleum Ltd.\n\n\nBankers Petroleum Ltd. is a Canadian-based oil and gas exploration and\n production company focused on developing large oil and gas reserves. \n In Albania, Bankers operates and has the full rights to develop the\n Patos-Marinza heavy oilfield, has a 100% interest in the Kuçova\n oilfield, and a 100% interest in Exploration Block \"F\".  Bankers'\n shares are traded on the Toronto Stock Exchange and the AIM Market in\n London, England under the stock symbol BNK.\n\n\nSOURCE Bankers Petroleum Ltd.\n\n David French  President and Chief Executive Officer (403) 513-6930 Doug Urch  Executive VP, Finance and Chief Financial Officer   (403) 513-2691 Mark Hodgson  VP, Business Development     (403) 513-2695 Email: [email protected] Website: www.bankerspetroleum.comAIM NOMAD: Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000 AIM BROKER: FirstEnergy Capital LLP Hugh Sanderson / David van Erp +44 0 207 448 0200 Copyright CNW Group 2013","length":2777,"tagName":"div"}]

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