BNK Bankers Pet

 
TIDMBNK 
 
Bankers Petroleum Announces Settlement of Lawsuit with BP Oil 
 
CALGARY, February 23, 2015 - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) today 
announced that its subsidiary, Bankers Petroleum Albania Ltd. (BPAL), has 
reached a full and final settlement with BP Oil International Limited (BPOI) in 
connection with the September 2013 lawsuit initiated by BPOI against BPAL at 
the High Court of Justice in London, England.  The settlement is for a payment 
by BPAL to BPOI of US$16.5 million inclusive of all costs and interest.  The 
lawsuit was brought in connection with the termination by BPAL in November 2012 
of a long term oil supply contract between BPAL and BPOI and initially sought 
damages of up to US$54.2 million for, among other things, the alleged wrongful 
termination of such agreement. BPOI's claim had recently been revalued at 
US$37.4 million to reflect movements in oil price since September 2013. As part 
of the settlement, neither party admitted to wrongful or illegal conduct, and 
both parties' claims and counterclaims will be dismissed. 
 
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, 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. 
 
 
For further information, contact: 
 
David French  President and Chief Executive Officer               (403) 513-6930 
Doug Urch     Executive VP, Finance and Chief Financial Officer   (403) 513-2691 
Laura Bechtel Investor Relations Analyst                          (403) 513-3428 
 
Email: investorrelations@bankerspetroleum.com 
Website: www.bankerspetroleum.com 
 
AIM NOMAD: 
Canaccord Genuity Limited 
Henry Fitzgerald-O'Connor 
+44 0 207 523 8000 
 
AIM BROKER: 
FirstEnergy Capital LLP 
Hugh Sanderson / David van Erp 
+44 0 207 448 0200 
 
 
 
END 
 

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