January 6, 2014 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 31 December 2013, the following purchases were made by senior employees: Name Date of Number of Employer's Purchase Resulting Resulting Purchase Common Price Number of Holding as Shares Contribution (Cdn. $) Common at 31 Purchased (1) Shares December held as at 2013 as % 31 total December voting 2013 rights David French, October 15 518 518 4.02 91,611 0.0% President and Chief October 31 524 524 3.98 Executive Officer November 15 543 543 3.83 November 29 520 520 4.01 December 13 490 490 4.25 December 31 478 478 4.36 Douglas C. October 15 342 342 4.02 755,700 0.3% Urch - Executive Vice October 31 346 346 3.98 President, Finance and November 15 359 359 3.83 Chief Financial November 29 343 343 4.01 Officer December 13 323 323 4.25 December 31 315 315 4.36 Suneel Gupta - October 15 342 342 4.02 339,589 0.1% Executive Vice President and October 31 346 346 3.98 Chief Operating November 15 359 359 3.83 Officer November 29 343 343 4.01 December 13 323 323 4.25 December 31 315 315 4.36 (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. 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 (midmonth and month-end). Douglas Urch, Suneel Gupta and David French (following his appointment effective April 1, 2013) elected to participate in the plan, with a participation level of 10% of each of their respective salaries. Abby Badwi, following retirement from his role as President and Chief Executive Officer, effective April 1, 2013, is no longer participating in the ESSP. As such, there were no purchases made by, or on behalf of, Abby Badwi, in the quarter ended 31 December 2013 and there will be no such purchases going forward. It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around April 1, 2014. For further information, contact: Doug Urch Executive VP, Finance and Chief Financial Officer Ph: (403) 513-2691 Email: investorrelations@bankerspetroleum.com Website: www.bankerspetroleum.com AIM NOMAD: Canaccord Genuity Limited Henry Fitzgerald-O'Connor +44 0 207 523 8000 AIM BROKER: FirstEnergy Capital LLP Hugh Sanderson / David van Erp +44 0 207 448 0200
(BNK., BNK)