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Bankers reports Q2 average production at 14,167 barrels of oil per day


Published Jul 6, 2012
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Bankers Petroleum Ltd.-2

Bankers Petroleum Ltd. provide the following second quarter operational update.

The average second quarter 2012 production was 14,167 barrels of oil per day (bopd). Oil sales from the Patos-Marinza oilfield in Albania during the quarter averaged 14,169 bopd, 7% higher than the first quarter 2012 rate. The crude oil inventory at June 30th was 305,000 barrels, relatively consistent with 312,000 barrels at March 31st, 2012. Average production in June was 14,817 bopd.

The Patos-Marinza second quarter average oil price was approximately US$76.53 per barrel (representing 71% of the Brent oil price of US$108.19 per barrel), as compared with the first quarter average oil price of US$84.96 per barrel (72% of the Brent oil price of $118.49 per barrel).

Tags: Bankers Petroleum Ltd.



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