Bankers Petroleum provides the following operational and corporate updates.

Bankers' inaugural oil export sales shipment out of the Petrolifera Italo Albanese Terminal ("PIA Terminal") in the new port of Vlore, Albania was completed on July 13, 2009. The export operations went efficiently and three additional export cargos are scheduled for the month of July and four cargos in August.

Bankers' 13,000 cubic meter storage capacity at the PIA Terminal will facilitate faster and larger oil shipments, ensure safer transport and offloading operations and can lead to the ability to realize higher oil sales prices.

Second quarter production averaged 6,385 bopd from the Patos Marinza oil field in Albania compared to first quarter production of 5,864 bopd. The Patos Marinza average oil price for the second quarter was $35.11 per barrel, representing 55% of the Brent oil price, as compared to the first quarter average price of $24.73 per barrel (56% of Brent oil price). The Company realized in excess of 60% of the Brent oil price in June for some exports as a result of narrowing light and heavy oil differentials.

Drilling on the second horizontal well #5014 in the Patos Marinza field commenced on July 8th and is scheduled to reach total measured depth of 2,000 meters with 500 to 600 meters of lateral section by the end of this month. The first horizontal well #5013, drilled in December 2008, is currently producing at a rate of 170 bopd and has produced in excess of 26,000 barrels since starting production in January 2009. Fluid levels in the well remain high. Nine additional horizontal wells are planned for the remainder of 2009 and Bankers exit production target is 8,000 bopd.

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