January 6, 2016 - 2:00 AM EST
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BANKERS PETROLEUM LIMITED - Q4 Employee Stock Savings Plan Quarterly Update

January 5, 2016

AIM: BNK
Bankers Petroleum Ltd. (“Bankers Petroleum” or the “Company”)
Employee Stock Savings Plan Quarterly Update

Further to the Company's announcement of January 16, 2013 regarding the implementation of an Employee Stock Savings Plan ("ESSP"), Bankers Petroleum announces that during the quarter ending December 31, 2015, the following purchases were made by senior employees:

Name Date of Purchase Number of Common Shares Purchased Employer’s
Contribution(1)
Purchase Price
($Cdn.)
Employer’s Contribution Vested(2) Resulting Number of Common Shares held as at 31 December 2015 Resulting
Holding as at
31 December
2015 as
% total
voting rights
David French,  President and Chief Executive
Officer
October 15 1,005 1,005 2.36 548 218,200 0.1%
October 31 1,109 1,109 2.13 537
November 15 1,155 1,155 2.05 511
November 30 1,563 1,563 1.51 657
December 15 2,492 2,492 0.95 847
December 31 2,331 2,331 1.02 726
Douglas C. Urch - Executive Vice President, Finance and Chief Financial Officer   October 15 663 663 2.36 361 1,060,317 0.4%
October 31 732 732 2.13 355
November 15 763 763 2.05 338
November 30 1,032 1,032 1.51 433
December 15 1,646 1,646 0.95 560
December 31 1,539 1,539 1.02 480
Suneel Gupta - Executive Vice President and Chief Operating Officer     October 15 663 663 2.36 361 484,510 0.2%
October 31 732 732 2.13 355
November 15 763 763 2.05 338
November 30 1,032 1,032 1.51 433
December 15 1,646 1,646 0.95 560
December 31 1,539 1,539 1.02 480

(1) These shares are the matching shares purchased by the Company, which shall vest to the shareholder twelve months from the date of purchase, provided the shareholder is still an employee of the Company.

(2) These shares are the matching shares purchased by the 2.Company twelve months ago and are now vested to the shareholder.

As previously announced, under the ESSP, employees may use up to 10% of their salary (matched equally by the Company) to purchase Bankers Petroleum shares on the Toronto Stock Exchange, on each pay period (mid-month and month-end). David French, Douglas Urch and Suneel Gupta elected to participate in the plan, with a participation level of 10% of each of their respective salaries.

It is expected that the next quarterly announcement in respect of purchases under the ESSP will be made on or around April 4, 2016.

For further information, contact:
Doug Urch
Executive VP, Finance and Chief Financial Officer
Ph: (403) 513-2691
Email: [email protected]
Website: http://www.bankerspetroleum.com/

AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O’Connor Wei Loon Yap
+44 0 207 523 8000

AIM BROKER:
FirstEnergy Capital LLP
Hugh Sanderson / David van Erp
+44 0 207 448 0200


Source: PR Newswire (January 6, 2016 - 2:00 AM EST)

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