Bankers Petroleum Operational Update For The Second Quarter 2013
Secondary and Tertiary Recovery Program
The Company progressed with the first polymer flood pilot, converting a second well to injection. With continued satisfactory results, a further three wells are expected to be converted in the third quarter. Contingent on pilot results, commercial polymer preparation equipment has been sourced for delivery in 2014. A water flood pattern was also initiated with the first well converted and placed on injection early in the quarter and a second well converted and placed on injection in July.
The exploration well in Block "F" was spudded June 30 th, 2013, and is expected to take 21 days to drill. This is the second exploration well in Block "F" and will complete Bankers two well obligation on the block.Infrastructure Development Key 2013 infrastructure projects including flow lines and satellite treatment facilities, tank storage expansion, and sludge treatment facilities commenced construction at Patos-Marinza in the second quarter and will continue throughout the balance of the year. Updated Corporate Presentation For additional information on this operational update, please see the July 2013 version of the Company's corporate presentation at www.bankerspetroleum.com. Conference Call The Management of Bankers will host a conference call on July 5, 2013 at 7:00 am MDT to discuss this Operations Update. Following Management's presentation, there will be a question and answer session for analysts and investors. To participate in the conference call, please contact the conference operator ten minutes prior to the call at 1-888-231-8191 or 1-647-427-7450. A live audio web cast of the conference call will also be available on Bankers website at http://www.bankerspetroleum.com or by entering the following URL into your web browser http://www.newswire.ca/en/webcast/detail/1136995/1240855 The web cast will be archived two hours after the presentation on the website, and posted on the website for 90 days. A replay of the call will be available until July 19, 2013 by dialing 1-855-859-2056 or 1-416-849-0833 and entering access code 99227901. ------------
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts