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Press release from CNW Group

Bankers Petroleum announces management update

Friday, January 13, 2012

Bankers Petroleum announces management update19:00 EST Friday, January 13, 2012CALGARY, Jan. 13, 2012 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) would like to announce the following Management update.As indicated in the April 11, 2011 news release, effective December 31, 2011, Mr. Ian McMurtrie retired as Executive Vice President Exploration and Development and will continue in his role as a Director of the Company. Bankers would like to sincerely thank Mr. McMurtrie for his guidance over the last four years and look forward to his continued involvement at the Board level.Bankers would also like to announce, effective immediately, the promotion of Mr. Robert Carss to Vice President Health, Safety, Social and Environment ("HSSE").  Mr. Carss has been with the Company since April 2011 as HSSE Director and has provided excellent leadership initiatives.Mr. Eugene Christensen, Vice President Engineering will be leaving the Company to pursue other ventures.  Bankers would like to thank Mr. Christensen for his efforts and wish him well."During 2011, Bankers has significantly expanded its technical teams, both in Calgary and Albania, thereby adding considerable depth to the engineering and geology groups, to effectively manage the rapid operational growth and development of the Albanian oilfields. Such depth includes the necessary expertise to manage the tertiary and secondary recovery methods that commenced in 2011 with the thermal pilot in Patos-Marinza and waterflood in Kuçova," said Abby Badwi, President and CEO of Bankers Petroleum.Bankers Management TeamBankers' management team is summarized below, inclusive of commencement year.  A complete biography of the executive team is available on the company's website www.bankerspetroleum.com.Mr. Abdel (Abby) Badwi (2007), President, Chief Executive Officer, Director and Vice Chairman of the Board.Mr. Douglas Urch (2007), Executive Vice President Finance and Chief Financial Officer.Mr. Suneel Gupta (2004), Executive Vice President and Chief Operating Officer.Mr. Bayne Assmus (2007), Vice President Production and Operations.Mr. Craig Nardone (2007), Vice President Exploration and Development.Mr. Mark Hodgson (2010), Vice President Business Development.Mr. Robert Carss (2011), Vice President HSSE.Mr. Leonidha (Loni) Çobo (2004), Vice President and General Director of Bankers Albania.About Bankers Petroleum Ltd.Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developinglarge oil and gas reserves. In Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavyoilfield, has a 100% interest in the Kuçova oilfield, and a 100% interest in Exploration Block "F". Bankers' sharesare traded on the Toronto Stock Exchange and the AIM Market in London, England under the stock symbol BNK.For further information: Abby Badwi       President and Chief Executive Officer           (403) 513-2694 Doug Urch        Executive VP, Finance and Chief Financial Officer         (403) 513-2691 Mark Hodgson        VP, Business Development            (403) 513-2695 Email: investorrelations@bankerspetroleum.com Website: www.bankerspetroleum.com AIM NOMAD: Canaccord Genuity Limited Ryan Gaffney/ Henry Fitzgerald-O'Connor +44 20 7050 6500 AIM JOINT BROKERS: Canaccord Genuity Limited Macquarie Capital Advisors Ryan Gaffney/ Henry Fitzgerald-O'Connor Ben Colegrave/Paul Connolly +44 20 7050 6500 +44 20 3037 5639