CALGARY, April 11 /CNW/ - Mr. Robert Cross, Chairman of the Board of Directors of Bankers Petroleum Ltd. ("Bankers"), is pleased to make the following Board and Management announcements to be effective on April 15, 2011:
Mr. Abdel (Abby) Badwi, President, Chief Executive Officer and a Director of Bankers, is appointed Vice Chairman of the Board. Mr. Badwi will remain as President and Chief Executive Officer.
Mr. Ian McMurtrie has been appointed as a Director of the Corporation. Ian will be retiring from his position of Executive Vice President Exploration and Development on December 31, 2011. *please see further disclosure below
Mr. Suneel Gupta, Vice President Production and Operations since 2008 and previously General Manager and Vice President Albania since 2004, has been appointed Executive Vice President and Chief Operating Officer.
Mr. Bayne Assmus, Manager Engineering since 2007, has been appointed Vice President Production and Operations.
Mr. Craig Nardone, Manager Geology since 2007, has been appointed Vice President Exploration and Development.
Mr. Leonidha (Loni) Çobo, Vice President and Deputy General Director of Bankers Petroleum Albania Ltd. ("Bankers Albania") since 2008 and previously Technical Director since 2004, has been appointed Vice President and General Director of Bankers Albania.
Mr. Robert Cross commented, "We are very pleased that Abby has confirmed his ongoing commitment to Bankers and will continue to lead the Company as Vice Chairman, President and CEO through its next growth phase. And although we wish Ian a happy retirement, we are very pleased that Bankers will continue to benefit from his considerable expertise and advice in his additional role as a Director. The promotions of Suneel, Bayne, Craig and Loni, recognize their significant contributions to Bankers over the years and their future roles as part of Bankers' strong technical team that will implement the Company's growth and strategic objectives".
Other board members and senior executive positions remain unchanged. A complete biography of the executive team is available on the company's website www.bankerspetroleum.com.
* In accordance with Schedule 2G of the AIM Rules, John Ian Bell McMurtrie (Ian), 62 years of age, has been an Officer of Rally Energy Corp and a Director of P1 Energy Corp., and is currently a Director of Porto Energy Corp. and Stealth Ventures Ltd.
About Bankers Petroleum Ltd.
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves. In Albania, Bankers operates and has the full rights to develop the Patos-Marinza heavy oilfield and has a 100% interest in the Kuçova oilfield, and a 100% interest in Exploration Block "F". Bankers' shares are traded on the Toronto Stock Exchange and the AIM Market in London, England under the stock symbol BNK.
SOURCE Bankers Petroleum Ltd.
For further information: Abby Badwi, President and Chief Executive Officer, (403) 513-2694; Doug Urch, Executive VP, Finance and Chief Financial Officer, (403) 513-2691; Mark Hodgson, VP, Business Development, (403) 513-2695; Email: email@example.com, Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Genuity Limited, Ryan Gaffney/Henry Fitzgerald-O'Connor, +44 20 7050 6500; AIM JOINT BROKERS: Canaccord Genuity Limited, Ryan Gaffney/Henry Fitzgerald-O'Connor, +44 20 7050 6500; Macquarie Capital Advisors, Ben Colegrave/Paul Connolly, +44 20 3037 5639