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
, 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.
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
version of the Company's corporate presentation at
The Management of Bankers will host a conference call on
July 5, 2013
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
or by entering the following URL into your web browser
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.