BANKERS PETROLEUM LIMITED - Employee Stock Savings Plan Quarterly Update

PR Newswire
London, October 6

October 6, 2015

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 September 30, 2015, the following purchases were made by senior employees:

Name	Date of Purchase	Number of Common Shares Purchased	Employer's Contribution(1)	Purchase Price (Cdn. $)	Employer's Contribution Vested(2)	Resulting Number of Common Shares held as at 30 September 2015		Resulting Holding as at 30 June 2015 as % total voting rights
David French, President and Chief Executive Officer	July 15	809	809	2.92	414	204,719		0.1%
	July 31	940	940	2.52	380
	August 15	1,025	1,025	2.31	360
	August 31	1,023	1,023	2.31	345
	September 15	1,225	1,225	1.93	391
	September 30	1,338	1,338	1.77	411
Douglas C. Urch - Executive Vice President, Finance and Chief Financial Officer	July 15	534	534	2.92	273	1,051,416		0.4%
	July 31	621	621	2.52	252
	August 15	677	677	2.31	238
	August 31	675	675	2.31	228
	September 15	809	809	1.93	258
	September 30	883	883	1.77	272
Suneel Gupta - Executive Vice President and Chief Operating Officer	July 15	534	534	2.92	273	475,609		0.2%
	July 31	621	621	2.52	252
	August 15	677	677	2.31	238
	August 31	675	675	2.31	228
	September 15	809	809	1.93	258
	September 30	883	883	1.77	272

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 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 (midmonth 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 January 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]