Posted AT 7:13 AM EDT on 14/05/08
Bankers Petroleum to split in two
CALGARY — Bankers Petroleum Ltd. is splitting in two — one company focusing on heavy oil in Albania and the other on North American shale gas.
“With the recent success in Oklahoma, the company has determined that the timing is right for Bankers' U.S. assets to be restructured into a separate newly formed public entity, BNK Petroleum Inc.,” Calgary-headquartered Bankers said Wednesday.
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