REG-Bankers Petroleum Limited: Q4 Employee Stock Savings Plan Quarterly Update <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

06/01/2016 07:10

January 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 December 31, 2015, 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 as at   
                              Shares       (1)       ($Cdn.)     Vested(2)     Common      31 December    
                            Purchased                                          Shares        2015 as      
                                                                             held as at      % total      
                                                                                 31       voting rights   
                                                                              December                    
                                                                                2015                      
                                                                                                          
David French,   October 15    1,005       1,005        2.36         548       218,200          0.1%       
President and                                                                                             
Chief Executive October 31    1,109       1,109        2.13         537                                   
Officer                                                                                                   
                November 15   1,155       1,155        2.05         511                                   
                                                                                                          
                November 30   1,563       1,563        1.51         657                                   
                                                                                                          
                December 15   2,492       2,492        0.95         847                                   
                                                                                                          
                December 31   2,331       2,331        1.02         726                                   
                                                                                                          
Douglas C. Urch October 15     663         663         2.36         361      1,060,317         0.4%       
- Executive                                                                                               
Vice President, October 31     732         732         2.13         355                                   
Finance and                                                                                               
Chief Financial November 15    763         763         2.05         338                                   
Officer                                                                                                   
                November 30   1,032       1,032        1.51         433                                   
                                                                                                          
                December 15   1,646       1,646        0.95         560                                   
                                                                                                          
                December 31   1,539       1,539        1.02         480                                   
                                                                                                          
Suneel Gupta -  October 15     663         663         2.36         361       484,510          0.2%       
Executive Vice                                                                                            
President and   October 31     732         732         2.13         355                                   
Chief Operating                                                                                           
Officer         November 15    763         763         2.05         338                                   
                                                                                                          
                November 30   1,032       1,032        1.51         433                                   
                                                                                                          
                December 15   1,646       1,646        0.95         560                                   
                                                                                                          
                December 31   1,539       1,539        1.02         480                                   
                                                                                                          

(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.

(2) These shares are the matching shares purchased by the 2.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 (mid-month 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 April 4, 2016.

For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: http://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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