The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Bankers Petroleum supports signing of the Canadian - Albanian investment agreement in Ottawa

Thursday, November 28, 2013

Bankers Petroleum supports signing of the Canadian - Albanian investment agreement in Ottawa

09:00 EST Thursday, November 28, 2013

CALGARY, Nov. 28, 2013 /CNW/ - Bankers Petroleum Ltd. ("Bankers") is pleased to support the signing of a foreign investment promotion and protection agreement (FIPA) between Canada and Albania. The announcement was made by the Honourable Ed Fast, Minister of International Trade at Albania's Independence Day reception in Ottawa yesterday.

As the largest foreign direct investor in Albania, Bankers is pleased to support the FIPA treaty designed to provide a legal framework between host governments to promote and protect investments abroad. Bankers views this treaty as a mutually beneficial agreement for both Albania and Canada, part of an ongoing strategy to facilitate investment flows, contribute to job creation and economic growth. To further these efforts, Bankers will participate in the Canada-Albania Business Council Mission in Tirana, Albania next week.

Bankers Petroleum is pleased to celebrate Albania's National Day and congratulates Albania on 101 years of its independence.

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.

SOURCE Bankers Petroleum Ltd.

For further information:

David French
President and Chief Executive Officer
(403) 513-6930

Doug Urch
Executive VP, Finance and Chief Financial Officer
(403) 513-2691

Mark Hodgson
VP, Business Development
(403) 513-2695


Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 0 207 523 8000

FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections