Bankers Petroleum Ltd. (Bankers) is engaged in the exploration for and development and production of oil in Albania. The Company generates all of the oil revenue from its operations in Albania, which is located northwest of Greece in South Eastern Europe. In Albania, Bankers operates and has the rights to develop the Patos-Marinza and Kucova oilfields pursuant to License Agreements with the Albanian National Agency for Natural Resources (AKBN) and Petroleum Agreements with Albpetrol Sh.A (Albpetrol), the state-owned oil and gas corporation. The Patos-Marinza oilfield is an onshore oilfield in continental Europe, holding approximately 7.7 billion barrels of original-oil-in-place (OOIP). The Company also has rights to exploration Block F (adjacent to the Patos-Marinza oilfield), a 185,000 acre oil and gas prone exploration field.
|Headquarters||Bow Valley Square III|
Suite 1700, 255 - 5 Avenue SW
CALGARY, AB, Canada T2P 3G6
|President, Chief Executive Officer||David French|
|Vice Chairman of the Board||Abdel Badwi|
|Chief Financial Officer, Executive Vice President - Finance||Douglas Urch|
|Chief Operating Officer, Executive Vice President||Suneel Gupta|
|Vice President - Production and Operations||Bayne Assmus|
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|Shares Out.||253.9M||Book Value||$1.94|
|Annual Dividend Rate||--||Price/Sales (TTM)||1.9|
|Ex-Div Date||1/1/01||P/Cash Flow (TTM)||6.1x|
|Pay Date||1/1/01||Operating Margin||34.30%|
*GAAP = prior to non-GAAP analyst adjusted earnings.