BANKERS PETROLEUM : Q4 Employee Stock Savings Plan Quarterly Update

    January 5, 2016

    AIM: BNK
    Bankers Petroleum Ltd. ("Bankers Petroleum" or the "Company")
    Employee Stock Savings Plan Quarterly Update

    Further to the Company's announcement of January 16, 2013 regarding the
    implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum
    announces that during the quarter ending December 31, 2015, the following
    purchases were made by senior employees:

         Name        Date of    Number of   Employer's   Purchase   Employer's   Resulting      Resulting     
                     Purchase     Common   Contribution   Price    Contribution  Number of    Holding as at   
                                  Shares       (1)       ($Cdn.)     Vested(2)     Common      31 December    
                                Purchased                                          Shares        2015 as      
                                                                                 held as at      % total      
                                                                                     31       voting rights   
                                                                                  December                    
                                                                                    2015                      
                                                                                                              
    David French,   October 15    1,005       1,005        2.36         548       218,200          0.1%       
    President and                                                                                             
    Chief Executive October 31    1,109       1,109        2.13         537                                   
    Officer                                                                                                   
                    November 15   1,155       1,155        2.05         511                                   
                                                                                                              
                    November 30   1,563       1,563        1.51         657                                   
                                                                                                              
                    December 15   2,492       2,492        0.95         847                                   
                                                                                                              
                    December 31   2,331       2,331        1.02         726                                   
                                                                                                              
    Douglas C. Urch October 15     663         663         2.36         361      1,060,317         0.4%       
    - Executive                                                                                               
    Vice President, October 31     732         732         2.13         355                                   
    Finance and                                                                                               
    Chief Financial November 15    763         763         2.05         338                                   
    Officer                                                                                                   
                    November 30   1,032       1,032        1.51         433                                   
                                                                                                              
                    December 15   1,646       1,646        0.95         560                                   
                                                                                                              
                    December 31   1,539       1,539        1.02         480                                   
                                                                                                              
    Suneel Gupta -  October 15     663         663         2.36         361       484,510          0.2%       
    Executive Vice                                                                                            
    President and   October 31     732         732         2.13         355                                   
    Chief Operating                                                                                           
    Officer         November 15    763         763         2.05         338                                   
                                                                                                              
                    November 30   1,032       1,032        1.51         433                                   
                                                                                                              
                    December 15   1,646       1,646        0.95         560                                   
                                                                                                              
                    December 31   1,539       1,539        1.02         480                                   
                                                                                                              

    (1) These shares are the matching shares purchased by the Company, which shall
    vest to the shareholder twelve months from the date of purchase, provided the
    shareholder is still an employee of the Company.

    (2) These shares are the matching shares purchased by the 2.Company twelve
    months ago and are now vested to the shareholder.

    As previously announced, under the ESSP, employees may use up to 10% of their
    salary (matched equally by the Company) to purchase Bankers Petroleum shares on
    the Toronto Stock Exchange, on each pay period (mid-month and month-end). David
    French, Douglas Urch and Suneel Gupta elected to participate in the plan, with
    a participation level of 10% of each of their respective salaries.

    It is expected that the next quarterly announcement in respect of purchases
    under the ESSP will be made on or around April 4, 2016.

    For further information, contact:
    Doug Urch
    Executive VP, Finance and Chief Financial Officer
    Ph: [phone]
    Email: [e-mail]
    Website: http://www.bankerspetroleum.com/

    AIM NOMAD:
    Canaccord Genuity Limited
    Henry Fitzgerald-O'Connor Wei Loon Yap
    [phone]

    AIM BROKER:
    FirstEnergy Capital LLP
    Hugh Sanderson / David van Erp
    [phone]