BNK-T Oversold Its A Buy at This Price-

Oversold Gap Will Be Filled Between 6.80 and 7.25 in the weeks ahead

Gaps are always filled

Anonymous is the big seller (shorting stock I suspect) playing on the delays just reported. The Games brokerage houses play to scare shareholders into selling at a significant loss. we have been a buyer over the last 2 days, this should be back to $9.00 by September.

Bankers Petroleum Ltd's (BNK.TO) second-quarter output from the Patos-Marinza oilfield in Albania was lower than what the Canadian oil and gas company expected as it was forced to shut in production.

Average production for the second quarter was 12,973 barrels of oil per day (bopd), about 1,200 bopd lower than forecast, the company said in a statement on Tuesday.

The oilfield currently has shut-in production of 1,750 bopd, about 60 percent higher than normal, the company said.

Oil sales increased about 2 percent to 12,152 bopd.

Bankers Petroleum expects exit production in 2011 to range from 16,000-20,000 bopd.

Source

Bankers sells 12,152 bopd in Q2 2011

2011-07-05 19:20 ET - News Release

mr. Abby Badwi reports

BANKERS PETROLEUM OPERATIONAL UPDATE FOR THE SECOND QUARTER 2011

Bankers Petroleum Ltd. is providing an operational update.

Production and oil price

Oil sales from the Patos-Marinza oil field in Albania during the second quarter averaged 12,152 barrels of oil per day compared with first quarter sales of 11,894 bopd. The last export shipment of approximately 54,000 barrels (equivalent to about 600 bopd for the quarter) scheduled for June 29 was delayed due to late vessel arrival to July 2 and will be included in next quarter's oil sales. Oil inventory on June 30 was 239,000 barrels, an increase of 71,000 barrels in the quarter (equivalent to about 800 bopd) from the March 31 inventory level of 168,000 barrels, as a result of additional new well site tanks and storage tanks at the export terminal requiring certain minimum operational volumes in each tank.

Average production for the second quarter was 12,973 bopd representing a 7-per-cent increase from 12,147 bopd in the first quarter, yet approximately 1,200 bopd lower than forecast due to several operational challenges detailed herein. Current production is 13,150 bopd.

Read Full Release Click Here

insiders:

Bankers Petroleum Ltd. (BNK)						As of July 6th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Jun 14/11	Jun 14/11	Christensen, Hans Eugene	Direct Ownership	Common Shares	10 - Disposition in the public market	-133,333	$7.230
Jun 14/11	Jun 14/11	Christensen, Hans Eugene	Direct Ownership	Common Shares	51 - Exercise of options	133,333	$1.710
Jun 14/11	Jun 14/11	Christensen, Hans Eugene	Direct Ownership	Options	51 - Exercise of options	-133,333
Jun 01/11	May 31/11	Cross, Robert Melvin Douglas	Indirect Ownership	Common Shares	10 - Disposition in the public market	-166,667	$8.000
Jun 01/11	May 31/11	Cross, Robert Melvin Douglas	Direct Ownership	Common Shares	10 - Disposition in the public market	-333,333	$8.000
May 18/11	May 17/11	Gupta, Suneel Krishan	Direct Ownership	Common Shares	10 - Disposition in the public market	-30,000	$7.330
May 18/11	May 17/11	Gupta, Suneel Krishan	Direct Ownership	Common Shares	51 - Exercise of options	30,000	$3.030
May 18/11	May 17/11	Gupta, Suneel Krishan	Direct Ownership	Options	51 - Exercise of options	-30,000	$3.030
May 18/11	May 17/11	Cross, Robert Melvin Douglas	Direct Ownership	Common Shares	51 - Exercise of options	333,333	$3.030
May 18/11	May 17/11	Cross, Robert Melvin Douglas	Direct Ownership	Options	51 - Exercise of options	-333,333	$3.030

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
74 GMP	511,800	3,145,144	6.145	65,700	404,055	6.15	446,100	-2,741,089
2 RBC	197,975	1,215,067	6.137	53,500	328,792	6.146	144,475	-886,275
82 Stifel Nicholas	83,100	511,371	6.154	20,000	123,000	6.15	63,100	-388,371
3 AltaCorp	45,100	276,271	6.126	0			45,100	-276,271
9 BMO Nesbitt	29,710	182,031	6.127	3,950	24,288	6.149	25,760	-157,743
89 Raymond James	14,750	90,434	6.131	0			14,750	-90,434
85 Scotia	20,430	125,444	6.14	5,800	35,700	6.155	14,630	-89,744
65 Goldman	5,800	35,743	6.163	100	618	6.18	5,700	-35,125
81 HSBC	4,400	27,060	6.15	2,200	13,574	6.17	2,200	-13,486
33 Canaccord	20,431	125,490	6.142	18,300	112,490	6.147	2,131	-13,000
58 Qtrade	1,140	6,987	6.129	0			1,140	-6,987
39 Merrill Lynch	8,400	51,437	6.123	8,000	49,089	6.136	400	-2,348
110 Jacob	1,400	8,630	6.164	1,300	7,987	6.144	100	-643
80 National Bank	26,066	160,103	6.142	26,200	160,413	6.123	-134	310
72 Credit Suisse	50,600	310,044	6.127	50,800	311,291	6.128	-200	1,247
124 Questrade	3,925	24,023	6.121	7,200	44,274	6.149	-3,275	20,251
19 Desjardins	6,316	38,788	6.141	9,730	59,581	6.123	-3,414	20,793
15 UBS	5,000	30,750	6.15	12,800	78,712	6.149	-7,800	47,962
13 Instinet	0			14,300	87,765	6.137	-14,300	87,765
52 NCP	65,802	403,829	6.137	84,673	519,591	6.136	-18,871	115,762
101 Newedge	3,000	18,348	6.116	25,500	156,455	6.135	-22,500	138,107
77 Peters	0			40,200	246,024	6.12	-40,200	246,024
7 TD Sec	133,350	817,021	6.127	175,646	1,078,336	6.139	-42,296	261,315
99 Jitney	121,900	747,653	6.133	170,300	1,045,226	6.138	-48,400	297,573
90 Barclays	100	616	6.16	54,500	334,958	6.146	-54,400	334,342
14 ITG	0			104,726	643,941	6.149	-104,726	643,941
53 Morgan Stanley	0			122,000	747,876	6.13	-122,000	747,876
1 Anonymous	133,600	819,734	6.136	270,200	1,658,511	6.138	-136,600	838,777
79 CIBC	102,580	628,629	6.128	249,050	1,528,100	6.136	-146,470	899,471
TOTAL	1,596,675	9,800,647	6.138	1,596,675	9,800,647	6.138	0	0