Bankers Pet Ready To Move Up On Jump In Oil

Bankers Petroleum Ltd (2)
Symbol	C : BNK
Shares Issued	247,697,769
Close 2012-02-13	C$ 4.98
Recent Sedar Documents

Bankers Petroleum year-end reserves at 267 mmbbl P+P

2012-02-13 08:18 ET - News Release

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Mr. Abby Badwi reports

BANKERS PETROLEUM ANNOUNCES 2011 RESERVES REPORT; PROVED RESERVES (1P) INCREASE BY 43% AND PROVED PLUS PROBABLE (2P) BY 12%

Bankers Petroleum Ltd. has provided the results of its Dec. 31, 2011, independent reserves evaluation. The company has had another consecutive year of reserves additions since company inception in 2004.

Evaluations were conducted by RPS Energy Canada Ltd. for the Patos-Marinza oil field, Albania, and by DeGolyer and McNaughton Canada Ltd. for the Kucova oil field, Albania, and were prepared in accordance with Canadian National Instrument 51-101 -- Standards of Disclosure for Oil and Gas Activities.

Total company reserves summary

• Proved reserves (1P) of 172 million barrels (43-per-cent increase from Dec. 31, 2010) representing over 12 times production replacement;
• Proved plus probable reserves (2P) of 267 million barrels (12-per-cent increase from Dec. 31, 2010);
• Proved, probable and possible reserves (3P) of 426 million barrels (unchanged from Dec. 31, 2010);
• Original oil-in-place resource estimate (P50) of eight billion barrels (3-per-cent increase from Dec. 31, 2010);
• 2011 average production was 13,051 barrels of oil per day for an annual total of 4.8 million barrels (3 per cent of proved reserves);
• Reserves life index is 30-plus years.

Short History

		Symbol	Report Date	Volume	Change	% of Float
		BNK - T	2012-02-28	20,004,938	-629,693	8.06
		BNK - T	2012-02-15	20,634,631	84,362	8.32
		BNK - T	2012-01-31	20,550,269	459,007	8.30
		BNK - T	2012-01-15	20,091,262	-676,840	8.12
		BNK - T	2011-12-31	20,768,102	-314,090	8.39
		BNK - T	2011-12-15	21,082,192	207,457	8.52
		BNK - T	2011-11-30	20,874,735	-269,408	8.43
		BNK - T	2011-11-15	21,144,143	-4,162,961	8.54
		BNK - T	2011-10-31	25,307,104	-1,857,784	10.22
		BNK - T	2011-10-15	27,164,888	1,296,522	10.98
		BNK - T	2011-09-30	25,868,366	-2,287,196	10.45
		BNK - T	2011-09-15	28,155,562	-219,341	11.38
		BNK - T	2011-08-31	28,374,903	47,453	11.47
		BNK - T	2011-08-15	28,327,450	1,875,997	11.45
		BNK - T	2011-07-31	26,451,453	-9,967	10.69
		BNK - T	2011-07-15	26,440,914	1,036,020	10.69
		BNK - T	2011-06-30	25,404,894	481,209	10.27
		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

House Positions for C:BNK from 20120308 to 20120308

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
39 Merrill Lynch	121,600	576,494	4.741	19,700	93,459	4.744	101,900	-483,035
7 TD Sec	3,411,048	16,141,677	4.732	3,350,892	15,853,756	4.731	60,156	-287,921
90 Barclays	38,100	180,720	4.743	200	956	4.78	37,900	-179,764
11 MacQuarie	131,500	625,930	4.76	100,000	476,000	4.76	31,500	-149,930
124 Questrade	12,930	61,903	4.788	0			12,930	-61,903
13 Instinet	22,900	107,996	4.716	12,300	58,267	4.737	10,600	-49,729
52 NCP	15,035	71,178	4.734	8,908	42,343	4.753	6,127	-28,835
99 Jitney	49,600	235,162	4.741	44,600	211,408	4.74	5,000	-23,754
2 RBC	27,826	131,902	4.74	23,677	112,619	4.756	4,149	-19,283
83 Mackie	3,000	14,160	4.72	0			3,000	-14,160
14 ITG	947	4,476	4.727	300	1,426	4.753	647	-3,050
101 Newedge	200	942	4.71	0			200	-942
58 Qtrade	20	95	4.75	0			20	-95
25 Odlum	0			130	617	4.746	-130	617
85 Scotia	5,400	25,661	4.752	5,845	27,782	4.753	-445	2,121
19 Desjardins	700	3,329	4.756	1,500	7,065	4.71	-800	3,736
89 Raymond James	0			1,585	7,465	4.71	-1,585	7,465
67 Northern	0			2,000	9,480	4.74	-2,000	9,480
9 BMO Nesbitt	7,700	36,729	4.77	10,475	49,725	4.747	-2,775	12,996
80 National Bank	5,800	27,603	4.759	11,850	56,112	4.735	-6,050	28,509
72 Credit Suisse	0			12,500	59,039	4.723	-12,500	59,039
15 UBS	104,900	500,371	4.77	123,200	587,130	4.766	-18,300	86,759
79 CIBC	84,400	401,257	4.754	106,612	506,262	4.749	-22,212	105,005
65 Goldman	1,468	7,034	4.792	34,800	164,989	4.741	-33,332	157,955
53 Morgan Stanley	4,900	23,344	4.764	42,500	202,384	4.762	-37,600	179,040
33 Canaccord	7,900	37,474	4.744	69,900	334,527	4.786	-62,000	297,053
1 Anonymous	29,900	141,874	4.745	104,300	494,500	4.741	-74,400	352,626
TOTAL	4,087,774	19,357,311	4.735	4,087,774	19,357,311	4.735	0	0

USA Employment Numbers Going Up Or Down?

The following will help to prepare you for Friday’s nonsensical jobs data.
Trade well and follow the trend, not the so-called “experts.”

COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good Subject. Terrible Times. It's 9%.

COSTELLO: That many people are out of work?

ABBOTT: No, that's 16%.

COSTELLO: You just said 9%.

ABBOTT: 9% Unemployed.

COSTELLO: Right 9% out of work.

ABBOTT: No, that's 16%.

COSTELLO: Okay, so it's 16% unemployed.

ABBOTT: No, that's 9%...

COSTELLO: WAIT A MINUTE. Is it 9% or 16%?

ABBOTT: 9% are unemployed. 16% are out of work.

COSTELLO: IF you are out of work you are unemployed.

ABBOTT: No, you can't count the "Out of Work" as the unemployed. You have to look for work to be unemployed.

COSTELLO: BUT THEY ARE OUT OF WORK!!!

ABBOTT: No, you miss my point.

COSTELLO: What point?

ABBOTT: Someone who doesn't look for work can't be counted with those who look for work. It wouldn't be fair.

COSTELLO: To whom?

ABBOTT: The unemployed.

COSTELLO: But they are ALL out of work.

ABBOTT: No, the unemployed are actively looking for work... Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you're off the unemployment roles, that would count as less unemployment?

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment just goes down because you don't look for work?

ABBOTT: Absolutely it goes down. That's how you get to 9%. Otherwise, it would be 16%. You don't want to read about 16% unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means there are two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

ABBOTT: Correct.

COSTELLO: And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.

ABBOTT: Now you're thinking like an economist.

COSTELLO: I don't even know what the hell I just said!

And now you know why Obama's unemployment figures are improving!