BNET Industries

Bankers Petroleum Ltd.

BNK is in the Energy Industry

Last Fiscal Year Sales:$55.4M
  • Public
  • CA
Dow Jones Description

Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on maximizing the value of its heavy oil assets in Albania and shale gas assets the United States. The Company is targeting growth in production and reserves through application of new and proven technologies by a strong experienced technical team. Bankers operates in two distinct international areas, Albania (located northwest of Greece in South Eastern Europe) and the United States through its subsidiaries, Bankers Petroleum Albania Ltd. and Bankers Petroleum (US) Inc. The majority of the Company's revenue is currently generated from its operations in Albania. In Albania, Bankers operates and has the full rights to develop the Patos Marinza heavy oilfield pursuant to a 25 year license agreement with the Albanian National Agency for Natural Resources (AKBN) and a Petroleum Agreement with Albpetrol Sh.A (Albpetrol), the state owned oil and gas corporation. The Patos Marinza oilfiled is the largest onshore oilfield in continental Europe, holding approximately two billion barrels of original oil in place. Bankers is also pursuing additional oilfield development opportunities in Albania. In the United States, Bankers holds an average 75% working interest in an aggregate of approximately 400,000 net acres, covering four prospects in the Northern and Central regions of the United States, where it is currently pursuing the exploration and development of shale and tight sand gas plays. ...

Number of Employees 214
Contact Information

906 12th Ave SW

Calgary, Alberta T2R 1K7

www.bankerspetr...

(403) 513-2699

NAICS Code Support Activities for Oil and Gas Operations: 213112

Recent Events

  • BRIEF-RESEARCH ALERT-UBS raises Canadian Natural, EnCana to buy

    11/17/09 - Bond / Stock Rating - View Story

  • BRIEF-RESEARCH ALERT-UBS starts WesternZagros, 6 others

    10/14/09 - Bond / Stock Rating - View Story

  • Bankers Petroleum loses $1.67-million in Q2

    8/14/09 - Financial Announcement - View Story

  • Mark Roth joins Stealth board and resigns as CFO

    7/18/09 - Mgmt. Change Leaving - CFO - View Story

News & Analysis

bankers petroleum ltd. - All News and Analysis

Decision Makers

Name (plus bio) Position
Abdel F. Badwi CEO
Richard Wadsworth President
Abby Badwi Chief Executive
Douglas C. Urch CFO & Vice President, Finance
Wolf Regener Executive Vice President
Eugene Christensen Vice President, Dev
Ian McMurtrie Vice President, Exploration
Robert Petryk Vice President and General Director Albania
Suneel Gupta Vice President
Robert Cross Founder
Robert M D Cross Founder

Board of Directors

Name (plus bio) Position
Eric Brown Board of Directors
Eric Harris Board of Directors
John B. Zaozirny Board of Directors
Jonathan Harris Board of Directors
Phillip Raymond Knoll Board of Directors
Victor Redekop Board of Directors
Wesley Kanne Clark Board of Directors

Organization Position Status
Bankers Petroleum Ltd CEO Current
Gastar Exploration, Ltd. Director Current
Bankers Petroleum Ltd Board of Directors Current
Sinchao Metals Corp. Director Current
Sustainable Energy Technologies Ltd. Director Current
Arpetrol Inc Director Current

Organization Position Status
Bankers Petroleum Ltd President Current
Bankers Petroleum Ltd Board of Directors Current
Sonic Technology Solutions Inc. Board of Directors Current
University of Calgary Degree Former

Abby F. Badwi has been a member of our Parent s Board of Directors since February 2004. Mr. Badwi is an international energy executive with more than 30 years of experience in the exploration, development and production of natural gas and oil fields in North America, South America, Asia, Europe and the Middle East. He currently is Chief Executive and Director of Bankers Petroleum, a Canadian public exploration and production company listed on the TSX and London AIM Exchange with operations in Europe and the USA. From July 2005 to September 2007, he was President, Chief Executive Officer and director of Rally Energy Corp., a public Canadian natural gas and oil company listed on the TSX and the Frankfurt Stock Exchange with operations in Egypt, Pakistan and Canada. Prior to joining Rally Energy, he was the President of Corrundum Energy Ltd, a private natural gas and oil investment and advisory firm from 2003 until 2005. From 2000 until 2003, he was President and CEO of Geodyne Energy Inc., a natural gas and oil venture publicly traded on Canada s TSX Venture Exchange. Mr. Badwi has been an officer of several Canadian public and private companies, including President and Chief Operating Officer of Carmanah Resources Ltd., a Calgary, Alberta-based company with oil holdings in Canada, Indonesia and Venezuela, and Vice President International Exploration of Sceptre Resources Limited, an natural gas and oil exploration and production company. He is currently a director of Sustainable Energy Technologies Ltd. and Fairmount Energy Inc., both listed on Canada s TSX Venture Exchange. Mr. Badwi holds a Bachelor of Science degree in petroleum geology from the University of Alexandria, Egypt.

Organization Position Status
Bankers Petroleum Ltd Chief Executive Current
Arpetrol Inc Managing Director Current
Bankers Petroleum Ltd Director Current
Gastar Exploration, Ltd. Director Current
Sustainable Energy Technologies Ltd. Board of Directors Current
Arpetrol Inc Director Current
Fairmount Energy Inc. Director Current
Sinchao Metals Corp. Director Current
Gastar Corporation Director Current
Arpetrol Inc Geologist Former

Organization Position Status
Bankers Petroleum Ltd CFO & Vice President, Finance Current
University of Calgary Former

Organization Position Status
Bankers Petroleum Ltd Executive Vice President Current
University of California, Santa Barbara Degree Former

Organization Position Status
Bankers Petroleum Ltd Vice President, Dev Current

Organization Position Status
Bankers Petroleum Ltd Vice President, Exploration Current
Raptor Capital Corporation Board of Directors Current
Stealth Ventures Ltd. Director Current
Queen's University Bachelor of Science Degree In Geology Former

Organization Position Status
Bankers Petroleum Ltd Vice President and General Director Albania Current
Bankers Petroleum Ltd Board of Directors Current

Organization Position Status
Bankers Petroleum Ltd Vice President Current
University of Calgary Masters of Science Degree In Chemical and Petroleum Engineering Former

Organization Position Status
Bankers Petroleum Ltd Founder Current
Bankers Petroleum Ltd Chairman Current
B2Gold Corp. Chair of Board Current
Puma Minerals Corp. Chairman Current
Bema Gold Corporation Board of Directors Current
Shotgun Fund Board of Directors Current
Northern Orion Resources Inc. Chairman Former
Harvard Business School Mba Former
University of Waterloo Engineering Former

Organization Position Status
Bankers Petroleum Ltd Founder Current
Bankers Petroleum Ltd Chairman Current
Peak Gold Ltd. Director Current
Northern Orion Resources Inc. Chairman Former
University of Waterloo Degree Former

Organization Position Status
Bankers Petroleum Ltd Board of Directors Current

Organization Position Status
Bankers Petroleum Ltd Board of Directors Current

John Zaozirny joined the Corporation's board of directors in 1988. Mr. Zaozirny is Counsel to McCarthy Tetrault and Vice Chairman of Canaccord Capital Corporation. He was Minister of Energy and Natural Resources for the Province of Alberta from 1982 to 1986. Mr. Zaozirny currently serves on the boards of numerous Canadian and international corporations. He is also a Governor of the Business Council of British Columbia. Mr. Zaozirny acts as Pengrowth's Lead Director.

Organization Position Status
Pengrowth Energy Trust Lead Director Current
McCarthy Tetrault Counsel Current
Business Council of British Columbia Strategic Advisor Current
Canaccord Capital Inc. Counsel Current
McCarthy Tetrault LLP Counsel Current
Pengrowth Energy Trust Vice Chairman Current
Bayou Bend Petroleum Corporation Director Current
Pengrowth Energy Trust Board of Directors Former
Coastal Energy Company Inc. Director Current
Bankers Petroleum Ltd Board of Directors Current
Fording Canadian Coal Trust Director Current
Computer Modelling Group Ltd. Director Current
Business Council of British Columbia Director Current
Canaccord Capital Inc. Vice Chairman Current
Candax Energy Inc. Director Current
Canadian Oil Sands Trust Board of Directors Current
IPSCO, Inc. Board of Directors Current
Cambridge Energy Research Associates, Inc. Senior Associate Former
Provident Energy Trust Chair of Board Former
Provident Energy Trust Board of Directors Former
University of British Columbia Bachelor of Laws degree Former
University of Calgary Bachelor of Commerce degree Former

Based in London, England, Mr. Harris is Managing Director of Genet Consulting Limited since 2005. He is a Chemical Engineer with 20 years of international management experience and past director of Eastern Platinum Ltd., Hard Assets Inc. and a number of privately held companies.

Organization Position Status
Hard Assets Chemical Engineer Current
Bankers Petroleum Ltd Board of Directors Current
Tribeka Ltd Chief Operating Officer Former
Hard Assets Director Former
London Business School MBA Former
University of Natal Degree In Chemical Engineering Former

Organization Position Status
Altagas Utility Group Inc Board of Directors Current
Heritage Gas Limited Board of Directors Current
Bankers Petroleum Ltd Board of Directors Current
Maritimes & Northeast Pipeline Group Vice President Former

Organization Position Status
Bankers Petroleum Ltd Board of Directors Current

Organization Position Status
Bankers Petroleum Ltd Board of Directors Current

Executive News

  • Sonic announces appointment of Richard Wadsworth as new CEO

    Sys-Con Canada - 8/26/09 - View Story

  • Sonic announces appointment of Richard Wadsworth as new CEO

    Globe Investor - 8/26/09 - View Story

  • Sonic announces appointment of Richard Wadsworth as new CEO

    PR Newswire via Yahoo! - 8/26/09 - View Story

  • Sonic announces appointment of Richard Wadsworth as new CEO

    CNW Group via Yahoo! - 8/26/09 - View Story

  • Bankers Petroleum loses $1.67-million in Q2

    Stockwatch - 8/14/09 - View Story

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