REG-Bankers Petroleum Limited: Bankers Petroleum Appoints Vice President <Origin Href="QuoteRef">BNK.TO</Origin>

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13/11/2015 13:30

Bankers Petroleum Appoints Vice President, Production and Operations and Deputy
General Director, Albania

CALGARY, Nov. 13, 2015 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the
"Company") (TSX: BNK, AIM: BNK) is pleased to announce the appointment of
Kristofer ("Kris") Gustafsson to the position of Vice President, Production and
Operations and Deputy General Director of Bankers Petroleum Albania Ltd.
("Bankers Albania").

"Over the last several years, as the leader of our production and technology
groups in Albania, Kris has played an instrumental role in our transition of
operations resulting in over $8 dollars per barrel of cost savings," commented
David French, President and Chief Executive Officer of Bankers Petroleum, "Kris
has always been committed to innovative solutions to address complex and
challenging issues. Our Board of Directors and Senior Management team is very
pleased with Kris's appointment given his operational, business, and Albanian
experience."

Mr. Gustafsson has a 15 year track record in both oil and gas development in
Canada and Albania. Prior to being appointed as Vice President, Production and
Operations, he held the role of Deputy General Director, Production and
Operations at Bankers Albania and will continue to lead the in-country staff
reporting to Mr. Leonidha Çobo, General Director, Albania and corporately to
Mr. Suneel Gupta, Executive Vice President and Chief Operating Officer of
Bankers Petroleum.

Mr. Gustafsson joined Bankers in 2009 as a Lead Petroleum Engineer tasked with
applying the latest production technology from Canada to the operations in
Albania. Since joining the team, he has held several senior roles including
Senior Technical Manager and Technical Director. Mr. Gustafsson began his
career at Encana Corporation as a Production and Completions Engineer managing
both light and heavy oil operations. Mr. Gustafsson graduated from the
University of Calgary with a Bachelor of Science in Chemical Engineering.

About Bankers Petroleum Ltd.

Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and
production company focused on developing large oil and gas reserves. 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". Bankers' shares are traded on the Toronto Stock
Exchange and the AIM Market in London, England under the stock symbol BNK.


 

David French, President and Chief Executive Officer, (403) 513-6930; Doug Urch,
Executive VP, Finance and Chief Financial Officer, (403) 513-2691; Laura
Bechtel, Investor Relations Analyst, (403) 513-3428; Email:
investorrelations@bankerspetroleum.com; Website: www.bankerspetroleum.com; AIM
NOMAD: Canaccord Genuity Limited, Henry Fitzgerald-O'Connor / Wei Loon Yap, +44
0 207 523 8000; AIM BROKER: FirstEnergy Capital LLP, Hugh Sanderson / David van
Erp, +44 0 207 448 0200



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