REG-Bankers Petroleum Limited: Re-filing of MD&A for period ended Sept. 30, 2015 <Origin Href="QuoteRef">BNK.TO</Origin>

Big Banc SplitAnnouncement

28/01/2016 07:10

Bankers Petroleum announces re-filing of Management's Discussion and Analysis 
                    for the period ended September 30, 2015                    

CALGARY, Jan. 27, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "
Company") (TSX: BNK; AIM: BNK) announces that it has re-filed its Management's
Discussion and Analysis of financial results for the three and nine months
ended September 30, 2015 (the "MD&A") as a result of a review by the Alberta
Securities Commission pursuant to its ongoing continuous disclosure review
program. This was done in an effort to clarify and expand upon its continuous
disclosure regarding the financial covenants contained in the Company's credit
facilities.

The MD&A has been re-filed to include additional disclosure in respect of the
financial covenants to which the Company is subject to pursuant to the terms of
its credit facilities, including calculations and related explanations of the
Company's compliance with such covenants. Additional disclosure has also been
provided regarding provisions relating to the availability of funds pursuant to
the credit facilities provided by the International Finance Corporation and the
European Bank for Reconstruction and Development.

In connection with the re-filing of the MD&A, the Company has filed Form
52-109F2R certificates for each of the Company's Chief Executive Officer and
Chief Financial Officer pursuant to the provisions of National Instrument
52-109 - Certification of Disclosure in Issuer's Annual and Interim Filings.

The re-filed MD&A and related Form 52-109F2R certificates are available under
the Company's profile on www.sedar.com.

--------------------

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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