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Bankers Petroleum Ltd (BNK.TO)

BNK.TO on Toronto Stock Exchange

2.18CAD
28 Sep 2016
Change (% chg)

$0.01 (+0.46%)
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Latest Key Developments (Source: Significant Developments)

Bankers Petroleum announces safe approval for proposed arrangement
Friday, 9 Sep 2016 12:42pm EDT 

Bankers Petroleum Ltd : Bankers Petroleum Announces Safe Approval For Proposed Arrangement . Anticipates Completion Of Arrangement To Occur In Coming Weeks, And Prior To September 30, 2016 .Proposed Plan Of Arrangement With Affiliates Of Geo-Jade Petroleum Has Received Chinese State Administration Of Foreign Exchange Approval.  Full Article

Bankers Petroleum announces domestic crude oil sales contract
Wednesday, 31 Aug 2016 07:32pm EDT 

Bankers Petroleum Ltd : Bankers Petroleum announces domestic crude oil sales contract . Signing of a conditional domestic offtake crude oil sales agreement with Ionian Refining And Trading Co - IRTC . In accordance with agreement, deliveries will be made from October 1, 2016 through to December 31, 2017 .Once effective may sell up to 65% of its crude oil production under agreement.  Full Article

Bankers Petroleum Q2 loss per share $0.083
Thursday, 11 Aug 2016 07:00am EDT 

Bankers Petroleum Ltd : Bankers Petroleum announces 2016 second quarter financial and operational results . Qtrly loss per share $0.083 . Q2 revenue $41 million . Oil sales for Q2 of 2016 averaged 15,023 bopd compared to 17,280 bopd for previous quarter . Production in Q3 of 2016 to date is 15,358 bopd, 3 percent lower than Q2 average of 15,934 bopd .Bankers Petroleum Ltd says average oil production for three months ended June 30, 2016 was 15,934 bopd compared to 20,050 bopd in Q2 of 2015.  Full Article

Bankers Petroleum says Geo-Jade to buy all common shares of company
Thursday, 21 Jul 2016 08:00am EDT 

Bankers Petroleum [BNK.TO] : Arrangement agreement has been amended to extend deadline to receive People's Republic Of China approvals from June 30 to July 31 . Bankers Petroleum provides corporate transaction update .Geo-Jade will acquire all common shares of bankers through its affiliates at a cash price of C$2.20/bankers share.  Full Article

Bankers Petroleum resumes operations at Patos-Marinza oilfield
Wednesday, 8 Jun 2016 05:00am EDT 

Bankers Petroleum Ltd : Bankers Petroleum announces resumption of operations and corporate transaction update . Production is being brought back online immediately and is expected to resume pre-closure production levels over next week . Says resumed its usual operations following commencement of export activities at Petrolifera Italo Albanese . Received final approval of court of Queen's bench of Alberta for arrangement with affiliates of Geo-Jade Petroleum Corporation . Arrangement agreement with Geo-Jade amended to extend deadline to receive People's Republic of China approvals from June 1 to June 30 . Closing of arrangement is expected to occur in late June or early July .Over past six days, curtailed production by about 4,000 barrels of oil per day within Patos-Marinza oilfield due to lack of storage.  Full Article

Bankers petroleum temporarily shuts-in production
Thursday, 2 Jun 2016 09:00am EDT 

Bankers Petroleum Ltd : Bankers Petroleum Ltd says expects suspension to be lifted in coming days, allowing bankers to resume operations . Bankers Petroleum temporarily shuts-in production due to a business interruption at the port .Suspension of export terminal over past week has led to shortage of available crude storage at port facility as well as within Patos-Marinza oilfield.  Full Article

Bankers Petroleum temporarily curtails production due to a business interruption at the port
Wednesday, 1 Jun 2016 09:36am EDT 

Bankers Petroleum Ltd : Bankers petroleum temporarily curtails production due to a business interruption at the port . Suspension of export terminal has led to a shortage of available crude storage at port facility . Crude oil leak cleaned-up; operations at Pia terminal suspended while local authorities conduct an investigation into incident . Temporary production impact from a business interruption at Petrolifera Italo Albanese terminal port facility near Vlore, Albania . Suspension is expected to be lifted in coming days, allowing bankers to resume its operations as usual . To curtail production on June 1, which may lead to full field shut-down in next couple of days without ability to export crude . Crude oil leak occurred when terminal operator was loading a third-party vessel on Sunday, May 22 .Suspension of export terminal has also led to a shortage within Patos-Marinza oilfield.  Full Article

Bankers Petroleum announces shareholder approval of proposed arrangement
Tuesday, 31 May 2016 07:21pm EDT 

Bankers Petroleum Ltd : Bankers petroleum announces shareholder approval of proposed arrangement . Geo-Jade will acquire shares of bankers through its affiliates at cash price of C$2.20 per co's share . Has received approval of bankers' shareholders for proposed plan of arrangement with affiliates of Geo-Jade Petroleum Corp .Anticipates closing of arrangement to occur in late June or early July.  Full Article

Bankers Petroleum receives certain regulatory approvals for proposed acquisition by Geo-Jade
Tuesday, 10 May 2016 09:03am EDT 

Bankers Petroleum : Bankers petroleum receives certain regulatory approvals for proposed acquisition by geo-jade . Both parties continue to pursue approvals pursuant to investment canada act and chinese state administration of foreign exchange .Receives Certain Regulatory Approvals For Proposed Acquisition By Geo-Jade.  Full Article

Geo-Jade Petroleum updates on proposed acquisition of Bankers Petroleum
Tuesday, 10 May 2016 07:28am EDT 

Geo-jade Petroleum <600759.SS> : Says its affiliates get approval from Albania's anti-trust authorities on proposed acquisition of Canada's Bankers Petroleum .Says acquisition is pending approval from Bankers Petroleum's shareholders.  Full Article

BRIEF-Geo-Jade Petroleum to acquire stake in investment firm that owns Canada's Bankers Petroleum

* Says it revises asset acquisition plan, to acquire 96.7 percent stake in energy investment firm which owns Bankers Petroleum Ltd for about 3.36 billion yuan ($503.76 million)