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

Production and Oil Prices

The average first quarter 2012 production was 14,120 barrels of oil per day (bopd), 2% higher than the fourth quarter 2011 rate. Oil sales from the Patos-Marinza oilfield in Albania during the quarter averaged 13,280 bopd.

The crude oil inventory at March 31st was 312,000 barrels, an increase of 71,000 barrels from December 31st, 2011, accounting for the minimum inventory increase with expansion of the central treatment facility in the oilfield and addition of the sales crude pipeline from the oilfield to Fier; both projects were commissioned during the quarter.

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