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BANKERS PETROLEUM ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
BANKERS PETROLEUM ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\n\n Nov. 11, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n$84 Million Capital Investment in Albania for the Nine Month Period in 2010\n\nCALGARY, Nov. 11 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide its third quarter 2010 Financial Results. The complete reporting package, consisting of Management's Discussion and Analysis along with Financial Statements and Notes, is posted on the Company's website www.bankerspetroleum.com and SEDAR: www.sedar.com.\n\n\n >\n\n\n\nOUTLOOK\n\nThroughout the remainder of 2010, the Company will remain focused on achieving its priorities and implementing its capital program in Albania.\nThe drilling focus for the fourth quarter is mostly dedicated to production growth with all three rigs currently drilling horizontal wells. Near the end of the quarter, plans include two additional step-out vertical wells in the western extension area.\nWith current production capacity of 11,000 bopd and expected production from reactivations and the remaining horizontal drilling program, Bankers' projected 2010 year-end production target is 12,000 bopd.\nConstruction of an additional 80,000 barrels of storage capacity at the Vlore export terminal is near completion and expected to be operational by the first quarter of 2011. Work continues on phase one of the pipeline connecting the field to the central hub site at Fier. The construction plans for the hub are complete and excavation ...