REG-Bankers Petroleum Limited: Bankers Employee Stock Savings Plan Quarterly Update <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

05/04/2016 07:05

April 5, 2016

AIM: BNK

Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")

Employee Stock Savings Plan Quarterly Update

Further to the Company's announcement of January 16, 2013 regarding the
implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
announces that during the quarter ending March 31, 2016, the following
purchases were made by senior employees:

    Name       Date of   Number of   Employer's   Purchase    Employer's   Resulting  Resulting
               Purchase    Common   Contribution    Price    Contribution  Number of   Holding 
                           Shares       (1)       (Cdn. $)     Vested(2)     Common     as at  
                         Purchased                                           Shares   31 March 
                                                                           held as at  2016 as 
                                                                            31 March   % total 
                                                                              2016     voting  
                                                                                       rights  
                                                                                               
David         January 15   3,006       1,503        0.75          944       257,433     0.1%   
French,                                                                                        
President and January 30   2,598       1,299        0.87          834                          
Chief                                                                                          
Executive      February    2,817       1,409        0.80          678                          
Officer           13                                                                           
                                                                                               
               February    2,452       1,226        0.92          779                          
                  27                                                                           
                                                                                               
               March 13    2,099       1,050        1.07          936                          
                                                                                               
               March 31    1,226        613         1.83          864                          
                                                                                               
Douglas C.    January 15   1,984        992         0.75          623      1,093,014    0.4%   
Urch,                                                                                          
 Executive    January 30   1,715        858         0.87          550                          
Vice                                                                                           
President,     February    1,861        931         0.80          448                          
Finance and       13                                                                           
Chief                                                                                          
Financial      February    1,618        809         0.92          514                          
Officer           27                                                                           
                                                                                               
               March 13    1,386        693         1.07          618                          
                                                                                               
               March 31     809         405         1.83          571                          
                                                                                               
Suneel Gupta, January 15   1,985        993         0.75          623       597,209     0.2%   
 Executive                                                                                     
Vice          January 30   1,715        858         0.87          551                          
President and                                                                                  
Chief          February    1,860        930         0.80          447                          
Operating         13                                                                           
Officer                                                                                        
               February    1,619        810         0.92          514                          
                  27                                                                           
                                                                                               
               March 13    1,385        693         1.07          619                          
                                                                                               
               March 31     810         405         1.83          571                          
                                                                                               

 1. These shares are the matching shares purchased by the Company, which shall
    vest to the shareholder twelve months from the date of purchase, provided
    the shareholder is still an employee of the Company. As of January 1, 2016
    the Company's matching shares were reduced from 100% to 50% of the
    employees purchase amount.
 2. These shares are the matching shares purchased by the Company twelve months
    ago and are now vested to the shareholder.

As previously announced, under the ESSP, employees may use up to 10% of their
salary (matched equally by the Company) to purchase Bankers Petroleum shares on
the Toronto Stock Exchange, on each pay period (midmonth and month-end). David
French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
a participation level of 10% of each of their respective salaries.

It is expected that the next quarterly announcement in respect of purchases
under the ESSP will be made on or around July 1, 2016.

For further information, contact:

Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com

AIM 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



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