Bankers Petroleum Ltd. provide the following fourth quarter operational update.

PRODUCTION, SALES AND OIL PRICES

Average production for the fourth quarter was 16,163 bopd, representing a 3.5% increase from 15,616 bopd in the third quarter. While late November and early December production volumes were impacted by heavy rains, production continued to grow steadily. Average oil production for 2012 was 15,020 bopd, 15% higher than 2011 average production of 13,051 bopd.

Oil sales from the Patos-Marinza oilfield in Albania during the fourth quarter averaged 16,033 bopd. Average oil sales for 2012 were 14,805 bopd, 16% higher than 2011 sales of 12,784 bopd. Crude oil inventory on December 31st was 313,000 barrels, an increase of 12,000 barrels from September 30th.

The Patos-Marinza fourth quarter average oil price was approximately US$79.12 per barrel, representing 72% of the Brent oil price of US$110.02 per barrel, as compared with the third quarter average oil price of US$79.58 per barrel (73% of Brent oil).

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