Time To Buy BNK-TO

House Positions for C:BNK from 20110706 to 20110706

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
13 Instinet	632,800	3,960,687	6.259	96,500	606,659	6.287	536,300	-3,354,028
7 TD Sec	748,966	4,705,685	6.283	265,132	1,687,578	6.365	483,834	-3,018,107
73 Cormark	450,944	2,819,299	6.252	100,000	640,000	6.40	350,944	-2,179,299
33 Canaccord	1,614,800	10,070,225	6.236	1,459,700	9,111,332	6.242	155,100	-958,893
82 Stifel Nicholas	307,500	1,920,859	6.247	160,000	999,500	6.247	147,500	-921,359
89 Raymond James	261,675	1,649,860	6.305	161,350	1,031,072	6.39	100,325	-618,788
19 Desjardins	73,820	463,345	6.277	7,450	47,624	6.392	66,370	-415,721
10 FirstEnergy	59,500	357,777	6.013	6,600	41,501	6.288	52,900	-316,276
9 BMO Nesbitt	100,870	637,079	6.316	47,998	303,386	6.321	52,872	-333,693
99 Jitney	297,000	1,838,741	6.191	259,100	1,615,408	6.235	37,900	-223,333
101 Newedge	46,000	288,818	6.279	11,000	69,758	6.342	35,000	-219,060
65 Goldman	26,000	161,760	6.222	1,400	8,890	6.35	24,600	-152,870
121 Jennings	374,200	2,333,600	6.236	352,600	2,195,907	6.228	21,600	-137,693
124 Questrade	19,180	120,516	6.283	1,000	6,250	6.25	18,180	-114,266
72 Credit Suisse	542,333	3,404,483	6.277	525,823	3,283,968	6.245	16,510	-120,515
95 Wolverton	13,200	84,144	6.375	0			13,200	-84,144
23 State Street	9,532	56,797	5.959	0			9,532	-56,797
27 Dundee	794,400	4,958,450	6.242	785,400	4,901,250	6.24	9,000	-57,200
67 Northern	8,000	51,710	6.464	0			8,000	-51,710
58 Qtrade	6,700	44,065	6.577	1,400	8,830	6.307	5,300	-35,235
62 Haywood	3,000	18,720	6.24	0			3,000	-18,720
78 Salman	18,600	111,600	6.00	16,400	102,500	6.25	2,200	-9,100
46 Macquarie	2,500	15,000	6.00	732	4,552	6.219	1,768	-10,448
52 NCP	37,539	226,668	6.038	36,453	224,884	6.169	1,086	-1,784
56 Edward Jones	800	5,000	6.25	0			800	-5,000
57 Interactive	150	975	6.50	0			150	-975
110 Jacob	1,000	6,040	6.04	1,000	6,620	6.62	0	580
111 Fraser Mackenzie	19,700	118,159	5.998	20,000	123,100	6.155	-300	4,941
28 BBS	0			2,000	12,050	6.025	-2,000	12,050
81 HSBC	6,838	42,902	6.274	10,550	65,645	6.222	-3,712	22,743
90 Barclays	20,000	125,550	6.278	28,200	177,492	6.294	-8,200	51,942
12 Wellington	7,900	50,308	6.368	25,000	157,597	6.304	-17,100	107,289
11 MacQuarie	0			23,100	143,913	6.23	-23,100	143,913
80 National Bank	86,139	534,207	6.202	132,150	822,130	6.221	-46,011	287,923
15 UBS	30,600	194,243	6.348	99,300	613,866	6.182	-68,700	419,623
85 Scotia	546,668	3,418,497	6.253	619,675	3,868,074	6.242	-73,007	449,577
79 CIBC	396,614	2,483,383	6.261	502,400	3,134,807	6.24	-105,786	651,424
39 Merrill Lynch	40,000	249,950	6.249	153,100	956,206	6.246	-113,100	706,256
77 Peters	0			115,600	724,848	6.27	-115,600	724,848
2 RBC	266,744	1,665,316	6.243	384,684	2,406,954	6.257	-117,940	741,638
53 Morgan Stanley	27,100	170,434	6.289	185,000	1,155,378	6.245	-157,900	984,944
74 GMP	448,500	2,802,483	6.249	708,700	4,381,817	6.183	-260,200	1,579,334
14 ITG	1,400	8,755	6.254	432,615	2,706,644	6.256	-431,215	2,697,889
1 Anonymous	537,200	3,342,884	6.223	1,147,300	7,170,984	6.25	-610,100	3,828,100
TOTAL	8,886,412	55,518,974	6.248	8,886,412	55,518,974	6.248	0	0

BNK.TO - Bankers Petroleum Ltd (TSX)

Date	Open	High	Low	Last	Change	Volume	% Change
07/04/11	6.9200	7.3300	6.9200	7.2900	+0.4100	1349800	+5.96%

Composite Indicator	-- Signal --	-- Strength --	-- Direction --
Trend Spotter (TM)	Sell	Minimum	Weakest
Short Term Indicators
7 Day Average Directional Indicator	Buy	Average	Strongest
10 - 8 Day Moving Average Hilo Channel	Buy	Average	Strongest
20 Day Moving Average vs Price	Buy	Weak	Strongest
20 - 50 Day MACD Oscillator	Sell	Maximum	Weakest
20 Day Bollinger Bands	Hold		Bullish
Short Term Indicators Average:	40% - Buy
Medium Term Indicators
40 Day Commodity Channel Index	Hold		Bullish
50 Day Moving Average vs Price	Sell	Weak	Weakest
20 - 100 Day MACD Oscillator	Sell	Maximum	Weakening
50 Day Parabolic Time/Price	Buy	Average	Strongest
Medium Term Indicators Average:	25% - Sell
Long Term Indicators
60 Day Commodity Channel Index	Hold		Bullish
100 Day Moving Average vs Price	Sell	Average	Weakest
50 - 100 Day MACD Oscillator	Sell	Strong	Strongest
Long Term Indicators Average:	67% - Sell
Overall Average:	16% - Sell

Short History

		Symbol	Report Date	Volume	Change	% of Float
		BNK - T	2011-06-15	24,923,685	7,888,274	10.08
		BNK - T	2011-05-31	17,035,411	2,400,460	6.90
		BNK - T	2011-05-15	14,634,951	1,982,057	5.93
		BNK - T	2011-04-30	12,652,894	-96,704	5.13
		BNK - T	2011-04-15	12,749,598	2,059,038	5.17
		BNK - T	2011-03-31	10,690,560	1,569,672	4.34
		BNK - T	2011-03-15	9,120,888	2,056,618	3.70
		BNK - T	2011-02-28	7,064,270	1,737,961	2.87
		BNK - T	2011-02-15	5,326,309	-12,657	2.16

Fundamental Data - BANKERS PETROLEUM LTD.

		Security Type	Equity
		Shares Issued	247,348,436
		Market Cap $	1,775,962,000
		Year High	9.92
		Year Low	6.15
		Annual Earnings/Share	0.11 CAD
		P/E Ratio	65.27
		Annual Dividend/Share	n/a
		Annual Dividend Yield	0.00 %
		Ex-Dividend Date
		Sector	10102020 - Oil & Gas Exploration & Production

BANKERS PETROLEUM OPERATIONAL UPDATE FOR THE SECOND QUARTER 2011
19:00 EDT Tuesday, July 05, 2011

Current production rate is 13,150 bopd

CALGARY, July 5, 2011 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK) (AIM: BNK) is pleased to announce the following operational update:

Production and Oil Price

Oil sales from the Patos-Marinza oilfield in Albania during the second quarter averaged 12,152 bopd compared to first quarter sales of 11,894 bopd. The last export shipment of approximately 54,000 barrels (equivalent to ~600 bopd for the quarter) scheduled for June 29th was delayed due to late vessel arrival to July 2nd and will be included in the next quarter oil sales. Oil inventory on June 30th was 239,000 barrels, an increase of 71,000 barrels in the quarter (equivalent to ~800 bopd) from the March 31st 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% increase from 12,147 bopd in the first quarter, yet approximately 1,200 bopd lower than forecast due to several operational challenges detailed below. Current production is 13,150 bopd.

The Patos-Marinza oilfield currently has shut-in production of 1,750 bopd. This volume is approximately 60% higher than normal, representing 1,000 bopd of additional productive capacity. Most of these wells are waiting on service rigs for workovers, a few are shut-in for proximity to new drilling and the remainder are wells with high water production shut-in to provide water disposal capacity for water from high productivity oil wells. To mitigate these challenges, additional service rigs are being sourced and new water disposal wells are being equipped to handle additional water disposal volumes from the field.

The Patos-Marinza second quarter average oil price was US$77.02 per barrel (representing 66% of the Brent oil price of US$117.36 per barrel) an increase of 13% compared to the first quarter's average oil price of US$68.06 per barrel (65% of Brent). With the current differential between Brent and WTI, Patos-Marinza crude is presently priced at approximately 80% of WTI.

Drilling Update

Nineteen (19) wells have been drilled during the second quarter, eighteen (18) horizontal production wells and one (1) vertical water disposal well. Fifteen (15) of these wells have been completed and are on production with three (3) awaiting completion including the third Gorani horizontal well test, the first two of which are currently producing at rates of 170 and 180 bopd. The success of these two wells has now validated primary productivity from the Gorani formation in the northern area of the field and the Company intends to further develop this formation with the addition of a large number of horizontal wells to access more than 220 million barrels of oil in place assigned to the Gorani formation in this part of the field.

Production rates from fifteen (15) horizontal wells drilled and put on production in the second quarter are averaging 180 bopd with strong initial production in the lower Gorani sands tested and continuing in the Driza (D1) sands. Production rates from the sixteen (16) horizontal wells drilled in the first quarter are averaging 135 bopd and the average production from all seventy-five (75) producing horizontal wells in the field is 120 bopd per well at the end of the second quarter.

Horizontal well decline analysis is continuing with current indication showing varied decline rates depending on formation, area of the field, and well optimization with current average declines of approximately 25% per year. High initial productivity wells are exhibiting 30 to 50% declines in the first six to twelve months followed by a leveling off in rate and reduced declines of 10 to 20% beyond the initial decline period. Please refer to the decline analysis by producing horizon available on the July 2011 Corporate Presentation at www.bankerspetroleum.com.

The fourth drilling rig arrived in Albania in May and after start-up delays, the rig spud its first well on June 5th and is currently drilling its second well at the Patos-Marinza oilfield; this delay had a negative impact on the second quarter production numbers. The fifth drilling rig has now been contracted and is expected to be ready for drilling operations in October 2011. The Company's current estimates are to drill 79 horizontal wells and complete 82 well reactivations in 2011.

Due to observed variance in productivity and decline rates of the horizontal wells versus forecast rates as well as the loss of some productivity from old vertical wells due to casing conditions of these wells, the Company is providing guidance that exit production in 2011 will now range from a high case of 20,000 bopd, likely case of 18,000, and a low case of 16,000 bopd.

Well Reactivations

Reactivation and recompletion work continued in the second quarter with fourteen (14) wells reactivated, nine (9) of which are on production and averaging 33 bopd per well. Current production from these wells is 300 bopd. Production from nine (9) wells reactivated in the first quarter and on production is currently 230 bopd averaging 26 bopd per well.

The current production split is 7,470 bopd (representing 57%) from new horizontal wells and 5,630 bopd from reactivated vertical wells.

Thermal Program & Exploration Block "F"

Road access and site construction for the thermal facilities have been completed. Drilling the vertical delineation well is scheduled for later this month to be followed immediately with two (2) thermal horizontal wells. The first 60-day steam injection cycle is scheduled for September 2011.

Seismic reprocessing and interpretation on Block "F" is progressing to finalize the location for drilling the first gas exploration well in the fourth quarter.

Infrastructure Development

Construction on the first phase of the crude oil sales pipeline, which connects the Patos-Marinza oilfield to the storage and loading Hub facility at Fier, is progressing and the project is scheduled for September 2011 completion. Social and environmental impact assessments for the second phase of the pipeline, from Fier to the export terminal at Vlore, are underway.

Construction of the third and fourth oil treating train expansions of the Central Treatment Facility (CTF) are underway and on schedule for completion during the fourth quarter of 2011 and will increase the CTF capacity to 25,000 bopd.

Construction of the Seman River bridge in the northern area of the Patos-Marinza oilfield is progressing with completion expected in December 2011, which will facilitate a larger drilling and reactivation program in the higher productivity area north of the river.

Kuçova

Water injection in one vertical well started in May 2011 and pressure and fluid level observations are being monitored in two vertical wells. With positive pressure build-up, the Company can expand the waterflood project and initiate production operations in 2012.

Environmental Initiatives

The pilot remediation project in Sector 3 is moving ahead with continuing strong results with the mechanical (centrifuge) separation unit providing the best outcome in cleaning contaminated solids and residues from contaminated sites. The bio-remediation test process is also continuing yet due to the nature of this type of treatment, will take a longer period to provide results.

For additional information on this operational update, please see the July 2011 version of the Company's corporate presentation at www.bankerspetroleum.com.

Conference Call

The Management of Bankers will host a conference call on July 6, 2011 at 7:00am MDT to discuss this Operations Update. Following Management's presentation, there will be a question and answer session for analysts and investors.

To participate in the conference call, please contact the conference operator ten minutes prior to the call at 1-888-231-8191 or 1-647-427-7450. A live audio web cast of the conference call will also be available on Bankers website at www.bankerspetroleum.com or by entering the following URL into your web browser http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3591060. The web cast will be archived two hours after the presentation on the website, and posted on the website for 90 days. A replay of the call will be available until July 20, 2011 by dialing 1-800-642-1687 or 1-416-849-0833 and entering access code 80070287.

---------

Caution Regarding Forward-looking Information Information in this news release respecting matters such as the expected future production levels from wells, future prices and netback, work plans, anticipated total oil recovery of the Patos-Marinza and Kuçova oilfields constitute forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. Exploration for oil is a speculative business that involves a high degree of risk. The Company's expectations for its Albanian operations and plans are subject to a number of risks in addition to those inherent in oil production operations, including: that Brent oil prices could fall resulting in reduced returns and a change in the economics of the project; availability of financing; delays associated with equipment procurement, equipment failure and the lack of suitably qualified personnel; the inherent uncertainty in the estimation of reserves; exports from Albania being disrupted due to unplanned disruptions; and changes in the political or economic environment. Production and netback forecasts are based on a number of assumptions including that the rate and cost of well takeovers, well reactivations and well recompletions of the past will continue and success rates will be similar to those rates experienced for previous well recompletions/reactivations/development; that further wells taken over and recompleted will produce at rates similar to the average rate of production achieved from wells recompletions/reactivations/development in the past; continued availability of the necessary equipment, personnel and financial resources to sustain the Company's planned work program; continued political and economic stability in Albania; the existence of reserves as expected; the continued release by Albpetrol of areas and wells pursuant to the Plan of Development and Addendum; the absence of unplanned disruptions; the ability of the Company to successfully drill new wells and bring production to market; and general risks inherent in oil and gas operations. Forward-looking statements and information are based on assumptions that financing, equipment and personnel will be available when required and on reasonable terms, none of which are assured and are subject to a number of other risks and uncertainties described under "Risk Factors" in the Company's Annual Information Form and Management's Discussion and Analysis, which are available on SEDAR under the Company's profile at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information and forward looking statements.

Review by Qualified Person

This release was reviewed by Suneel Gupta, Executive Vice President and Chief Operating Officer of Bankers Petroleum Ltd., who is a "qualified person" under the rules and policies of AIM in his role with the Company and due to his training as a professional engineer (member of APEGGA) with over 20 years experience in domestic and international oil and gas operations.

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 Doug Urch Mark Hodgson

President and Chief Executive Officer Executive VP, Finance and Chief Financial Officer VP, Business Development

(403) 513-2694 (403) 513-2691 (403) 513-2695

Close Prices Last 3 Months

Price/volumes not adjusted for restructures

Date	Ex	Sym	Open	High	Low	Close	Chg	Vol	#Tr	Bid	Ask		T Vol		A Vol		X Vol		P Vol		O Vol		M Vol		L Vol
2011-07-05	T	BNK	7.44	7.50	7.15	7.18	-0.11	3,464,260	9,518	7.16	7.18		1,911,869		921,691		366,600		115,200		33,000		115,900
2011-07-04	T	BNK	6.92	7.33	6.92	7.29	0.41	1,821,145	5,868	7.28	7.29		1,349,800		188,745		182,200		83,300		15,800		1,300
2011-06-30	T	BNK	6.79	7.02	6.78	6.88	0.09	1,796,269	8,516	6.88	6.90		881,134		261,735		325,300		184,500		125,200		18,400
2011-06-29	T	BNK	6.76	6.90	6.71	6.79	0.09	2,349,866	6,940	6.78	6.80		1,322,354		618,212		246,000		65,000		35,500		62,800
2011-06-28	T	BNK	6.64	6.72	6.61	6.70	0.14	3,983,474	9,850	6.69	6.71		2,613,938		358,336		742,500		129,900		21,700		117,100
2011-06-27	T	BNK	6.72	6.72	6.51	6.56	-0.19	2,709,447	8,268	6.54	6.58		1,787,054		383,693		290,100		130,800		65,800		52,000
2011-06-24	T	BNK	6.85	6.90	6.65	6.75	-0.11	2,537,904	8,225	6.72	6.75		1,537,629		363,775		213,900		199,500		113,100		110,000
2011-06-23	T	BNK	6.86	6.93	6.79	6.86	-0.21	2,816,881	7,524	6.85	6.87		1,914,318		288,263		339,500		97,700		17,200		159,900
2011-06-22	T	BNK	7.05	7.23	7.02	7.07	0.04	2,289,944	6,115	7.06	7.07		1,245,118		757,926		164,900		75,200		14,500		32,300
2011-06-21	T	BNK	6.80	7.06	6.80	7.03	0.38	2,512,015	6,795	7.01	7.06		1,451,642		434,473		227,900		126,500		22,300		249,200
2011-06-20	T	BNK	6.70	6.78	6.60	6.65	-0.11	2,832,372	9,016	6.64	6.67		1,653,567		456,205		353,800		171,800		27,600		169,400
2011-06-17	T	BNK	6.84	6.87	6.76	6.76		4,455,430	6,733	6.76	6.79		3,754,192		210,538		343,200		78,600		6,000		62,900
2011-06-16	T	BNK	6.95	7.13	6.72	6.76	-0.20	4,940,655	11,376	6.76	6.79		3,503,986		378,069		529,800		231,600		91,000		206,200
2011-06-15	T	BNK	7.24	7.30	6.91	6.96	-0.30	3,359,769	8,280	6.95	6.96		2,216,843		321,726		352,600		133,600		32,600		302,400
2011-06-14	T	BNK	7.12	7.27	7.08	7.26	0.21	3,958,429	6,264	7.24	7.27		3,060,642		366,787		285,400		109,200		23,400		113,000
2011-06-13	T	BNK	7.30	7.30	6.96	7.05	-0.26	1,743,190	6,196	7.03	7.09		1,170,229		253,961		237,200		66,800		15,000
2011-06-10	T	BNK	7.35	7.35	7.20	7.31	-0.10	2,702,001	4,568	7.26	7.31		1,900,950		547,151		198,800		50,000		5,100
2011-06-09	T	BNK	7.26	7.48	7.26	7.41	0.17	6,187,268	7,876	7.36	7.41		5,500,330		240,438		306,700		125,800		14,000
2011-06-08	T	BNK	7.34	7.34	7.20	7.24	-0.07	1,777,539	5,451	7.22	7.27		1,098,972		343,567		254,000		62,800		18,200
2011-06-07	T	BNK	7.31	7.45	7.29	7.31	0.02	1,100,142	5,007	7.29	7.32		635,464		192,576		202,800		61,602		7,700
2011-06-06	T	BNK	7.35	7.40	7.22	7.29	-0.12	1,786,294	6,677	7.29	7.32		656,960		575,134		454,500		93,600		6,100
2011-06-03	T	BNK	7.49	7.65	7.19	7.41	-0.18	6,961,877	20,201	7.39	7.42		4,602,674		838,743		1,081,600		417,760		21,100
2011-06-02	T	BNK	7.72	7.75	7.54	7.59	-0.13	1,951,400	6,873	7.59	7.60		896,420		702,980		283,600		61,500		6,900
2011-06-01	T	BNK	7.99	7.99	7.66	7.72	-0.25	2,348,141	7,774	7.71	7.72		1,587,016		303,925		298,500		125,000		33,700
2011-05-31	T	BNK	7.96	8.07	7.93	7.97	0.03	5,819,981	9,026	7.94	7.98		4,206,635		1,000,946		460,400		132,000		20,000
2011-05-30	T	BNK	7.96	7.98	7.91	7.94	0.01	237,286	915	7.92	7.95		171,086		41,800		24,400
2011-05-27	T	BNK	7.98	8.01	7.91	7.93	0.03	1,810,022	5,216	7.91	7.95		1,189,013		303,709		236,200		69,800		11,300
2011-05-26	T	BNK	7.96	7.98	7.86	7.90	-0.05	1,699,875	5,420	7.89	7.94		1,087,664		217,211		306,100		68,700		20,200
2011-05-25	T	BNK	7.80	8.05	7.76	7.95	0.15	1,204,179	3,535	7.92	7.95		846,850		174,729		127,200		49,500		5,900
2011-05-24	T	BNK	8.11	8.11	7.76	7.80	-0.28	4,173,116	7,980	7.77	7.81		2,234,395		1,497,221		312,600		105,400		12,100		11,000
2011-05-20	T	BNK	7.87	8.12	7.76	8.08	0.21	4,309,292	7,444	8.05	8.08		3,536,946		348,346		246,200		104,200		19,600		54,000

Globe...4th of July = $ TSE

DAVID BERMAN
Globe and Mail Update
Posted on Monday, July 4, 2011 2:13PM EDT

With the U.S. stock market closed for the July 4 celebrations on Monday, you might think that investors trading Canadian stocks in Toronto would take a cautious approach. Maybe nibble away at a few blue-chip, no-nonsense stocks that are unlikely to feel much influence from the U.S. market. Or maybe just sit and do nothing at all.

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Does TSX sleep on Fourth of July?

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The markets: a mid-year report card

But no. I pointed out earlier thatSino-Forest Corp.(TRE-T4.311.1134.69%) is hopping, with investors following the lead of Wellington Management Co., which has taken a big stake in the Chinese forestry company. This suggests that some investors are willing to take on a considerable amount of risk at a time when Americans are barbecuing.

Okay, maybe that example has nothing to do with the U.S. market. But BlackBerry-maker Research In Motion Ltd.(RIM-T28.260.381.36%) sure does – and the stock is was up 2 per cent in afternoon trading, on no apparent news about the company.

And then there’s Yellow Media Inc.(YLO-T2.510.114.58%), the directories business whose share price fell 36.5 per cent in June on concerns about the company’s financial health. The stock rose 4 per cent on Monday.

These moves, and more, have left the broader S&P/TSX composite index up about 90 points or 0.7 per cent in afternoon trading – and the index had broken the three-digit barrier earlier in the day.

A quite day stateside doesn’t seem to mean much right now. Then again, the Canadian market was closed on Friday, when the U.S. market moved higher. The S&P 500 capped a five-day winning streak, rising 19 points or 1.4 per cent on Friday -- its biggest one-day gain in more than three months. Canadian stocks might have some catching up to do.