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Bankers Petroleum Exploration Well Update
Block "F" Exploration Well Suspended CALGARY , July 23, 2013 /CNW/ - Bankers Petro...
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\nBlock \"F\" Exploration Well Suspended\n\n\nCALGARY, July 23, 2013 /CNW/ - Bankers Petroleum Ltd. (\"Bankers\" or the\n \"Company\") (TSX: BNK, AIM: BNK) reports that the 5350 Block \"F\" well in\n Albania reached a total depth of 2,776 meters measured depth on July\n 17, 2013.  Petrophysical and geological information indicates that the\n well did not encounter any hydrocarbon bearing zones that would merit\n testing.  The well was suspended.\n\n\nThis is the second exploration well in Block \"F\", completing Bankers two\n well commitment on the block.  Technical evaluation of the block will\n continue into the fall and Bankers is reviewing several other prospects\n including a seismic program in the next two years.\n\n\nBankers is pleased to note that the Trans Adriatic Pipeline (TAP) has\n recently been selected for transport of gas from the Shah Deniz gas\n field in Azerbaijan through Greece and Albania into Italy as early as\n 2019.  This planned expansion of natural gas infrastructure in Albania\n may provide a long term alternative to Bankers' power and steam\n generation needs.\n\n\n---------\n\n\nReview by Qualified Person\n\n\nThis release was reviewed by Suneel Gupta, Executive Vice President and\n COO of Bankers Petroleum Ltd., who is a \"qualified person\" under the\n rules and policies of AIM in his role with the Company and due to his\n training as a professional petroleum engineer (member of APEGA) with\n over 20 years' experience in domestic and international oil and gas\n operations. \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\nSOURCE: Bankers Petroleum Ltd.\n\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] Websi...