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Bankers Petroleum temporarily curtails production due to a business interruption at the port
Bankers Petroleum temporarily curtails production due to a business interruption at the po...
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[{"type":"text","content":"\n\n\n\nBankers Petroleum temporarily curtails production due to a business interruption at the port\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nBankers Petroleum temporarily curtails production due to a business interruption at the port\nCanada NewsWire\nCALGARY, June 1, 2016\n\n\n\nCALGARY, June 1, 2016 /CNW/ - Bankers Petroleum Ltd. (\"Bankers\" or the \"Company\") (TSX: BNK, AIM: BNK) announces a temporary production impact from a business interruption at the Petrolifera Italo Albanese (\"PIA\") Terminal port facility near Vlore, Albania, due to a crude oil leak that occurred when the terminal operator was loading a third-party vessel on Sunday, May 22. The crude oil leak has been cleaned-up; however, operations at PIA Terminal have been suspended while local authorities conduct an investigation into the incident.\n\nThe suspension of the export terminal has led to a shortage of available crude storage at the port facility as well as within the Patos-Marinza oilfield. To accommodate this, Bankers will begin to curtail its production on Wednesday, June 1, which may lead to a full field shut-down in the next couple of days without the ability to export crude oil at the port. The suspension is expected to be lifted in the coming days, allowing Bankers to resume its operations as usual. \n\n------------\n\nAbout Bankers Petroleum Ltd.\n\nBankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves in Albania and Eastern Europe. In Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield, has a 100% interest in the Kuçova oilfield, and a 100% interest in Exploration Block \"F\". In 2015 Bankers acquired an 85% interest in the rights to explore the Püspökladány Block concession within the Pannonian Basin located in north eastern Hungary. The Bankers Shares are traded on the TSX and the AIM Market in London, England under the stock symbol BNK.\n\nCaution Regarding Forward-looking Informatio...