Block Admission Return

16th Sep 2009 07:00

Bankers Petroleum Ltd. - Block Admission Return

CALGARY, Sept. 16 /CNW/ - The Company makes the following announcement with respect to the issuance of common shares, options and warrants for the period from March 1, 2009 to August 31, 2009.

COMMON SHARES ISSUED & OUTSTANDING ------------------------------------------------------------------------- Warrants Exercised (pursuant to the 2009, 2010 Warrants Shares Shares and 2012 Exercised May equity Outstanding Outstanding Options warrant (by IFC offering - August 31, March 1, 2009 Exercised issuances) and EBRD) prospectus 2009 ------------------------------------------------------------------------- 182,586,470 929,503 141,500 16,000,000 25,143,800 224,801,273 ------------------------------------------------------------------------- OPTIONS OUTSTANDING ------------------------------------------------------------------------- Stock Exercise Options Stock Options Stock Stock Stock Price $/ Outstanding Outstanding Options Options Options share August 31, March 1, 2009 Exercised Granted Cancelled (Cdn.) 2009 ------------------------------------------------------------------------- 10,667,617 ------------------------------------------------------------------------- 30,000 1.83 ------------------------------------------------------------------------- 21,667 1.28 ------------------------------------------------------------------------- 3,000 1.05 ------------------------------------------------------------------------- 41,668 1.29 ------------------------------------------------------------------------- 5,000 1.05 ------------------------------------------------------------------------- 27,778 2.19 ------------------------------------------------------------------------- 11,112 2.37 ------------------------------------------------------------------------- 3,000,000 1.83 ------------------------------------------------------------------------- 1,500 1.05 ------------------------------------------------------------------------- 86,667 1.05 ------------------------------------------------------------------------- 43,333 1.05 ------------------------------------------------------------------------- 66,667 2.37 ------------------------------------------------------------------------- 20,000 1.35 ------------------------------------------------------------------------- 85,000 2.05 ------------------------------------------------------------------------- 61,666 4.35 ------------------------------------------------------------------------- 3,333 1.05 ------------------------------------------------------------------------- 10,000 1.83 ------------------------------------------------------------------------- 29,000 2.05 ------------------------------------------------------------------------- 86,334 2.05 ------------------------------------------------------------------------- 63,333 1.68 ------------------------------------------------------------------------- 119,333 3.03 ------------------------------------------------------------------------- 83,333 1.98 ------------------------------------------------------------------------- 31,667 1.42 ------------------------------------------------------------------------- 80,001 1.48 ------------------------------------------------------------------------- 80,000 1.58 ------------------------------------------------------------------------- 18,333 1.21 ------------------------------------------------------------------------- TOTALS: ------------------------------------------------------------------------- 10,667,617 -929,503 +3,030,000 -150,222 12,617,892 -------------------------------------------------------------------------

Stock Options are issued in accordance with the Bankers Stock Option Plan.

WARRANTS OUTSTANDING ------------------------------------------------------------------------- Exercise Warrants Warrants Price $/ Outstanding Outstanding Warrants Warrants Warrants share August 31, March 1, 2009 Exercised Issued Cancelled (Cdn.) 2009 ------------------------------------------------------------------------- 9,713,375 ------------------------------------------------------------------------- 141,500 2.49 ------------------------------------------------------------------------- TOTALS: ------------------------------------------------------------------------- 9,713,839 - 141,500 Nil Nil 9,572,339 -------------------------------------------------------------------------

The above warrants are issued in accordance with the 2009, 2010 and 2012 warrant issuances.

Separate to the Warrants listed in the table above the International Finance Corporation ("IFC", a member of the World Bank Group) and the European Bank for Reconstruction and Development ("EBRD") exercised their entire warrant holdings of 8.0 million warrants each, issued on May 8, 2009 and priced at CDN$1.50/share, generating proceeds of CDN$12.0 million. The warrants were granted to both institutions as part of the previously announced US$110 million credit facility. The resultant common shares issued to IFC and EBRD were admitted to trading on AIM on July 20, 2009 and July 30, 2009 respectively and are not accounted for within the blocklisting entitlement.

On October 1, 2008 the Company applied to AIM for a blocklisting entitlement of 19,099,529 of common shares. As at August 31, 2009 17,953,326 common shares are remaining under this blocklisting entitlement.

The total current capitalization of the Company is 224,801,273 common shares, 12,617,892 options and 9,572,339 warrants.

This press release is being issued in compliance with the rules of the AIM market of the London Stock Exchange.

For further information: Douglas Urch, Chief Financial Officer, (403) 513-2691, (403) 228-9506; AIM NOMAD: Canaccord Adams Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500; AIM JOINT BROKERS: Canaccord Adams Limited, Ryan Gaffney, Henry Fitzgerald-O'Connor, +44 20 7050 6500; Tristone Capital Ltd., Nick Morgan, +44 20 7355 5800 (BNK)

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