Bankers Pet Share Discussion Threads

[boilerboy] 08/1/2009 19:12

This share price has to be a bargain now. This company has so many prospects.

[vision88] 22/12/2008 22:01

looks good for shorters

[pugugly] 22/12/2008 08:40

Toplist faller today in spite of directors buys. Heavy oil is certainly out of favour.

anyone any views as to wheter this one may be going bust or facing a very large dilutive right issue?

[c2b] 03/9/2008 08:21

Have found the website and quote reference for my split shares..



BNK PETROLEUM INC (TSE:C.BKX)

From the website.............

History
In July, 2008 BNK Petroleum, Inc. announced its official spin off from the Canadian-based oil and gas exploration and production company, Bankers Petroleum, Inc., of which it had been a part since 2005. With properties concentrated in Oklahoma, Texas, New York, Mississippi and Alabama, BNK Petroleum Inc. continues to aggressively target growth in production and reserves throughout the United States under its wholly-owned subsidiary BNK Petroleum (US) Inc. BNK Petroleum Inc. is a California-based energy company focused on the strategic acquisition, exploration, and production of large oil and gas reserves.

In the early years, as a part of Bankers Petroleum, Ltd., BNK Petroleum Inc.'s first project was in Palo Duro, Texas when it began leasing acreage in 2005. Soon after the Company commenced drilling science wells in Palo Duro, as well as making an additional strategic acquisition. In May, 2006 BNK Petroleum, Inc. acquired all but one of Vintage Petroleum's unconventional assets from Occidential Petroleum for $30 million - $20 million in Bankers stock, and $10 million in cash.

With a purposeful commitment to the strategic balancing of acquisitions and drilling, the Company continued to grow steadily and at an impressive rate. BNK Petroleum Inc., then still operating as part of Bankers Petroleum, Inc., began drilling in Oklahoma and New York with varied interest levels and continued financial success. The Company drilled its first encouraging vertical well in late 2006 and followed this by expanding its operations with four horizontal wells in the Carter/Johnson County project in 2007, now referred to as BNK's Tishomingo gas field. BNK Petroleum, Inc. was among the early adopters to recognize that improvements in horizontal drilling and completion technologies would enable the industry to develop vast new supplies of natural gas from unconventional reservoirs such as sandstone and shale.

With a strategically driven commitment to the balancing of production, development and exploration, BNK Petroleum, Inc. now has approximatly 350,000 net acres of leases throughout North America.

........................................................................

BNK PETROLEUM INC. ANNOUNCES $20 MILLION BOUGHT DEAL FINANCING
July 18, 2008, (Calgary, Alberta) BNK Petroleum Inc. (TSX: BKX) is pleased to announce it has entered into an agreement with Canaccord Capital Corporation as lead underwriter on behalf of a syndicate of underwriters, pursuant to which such underwriters have agreed to purchase, on a bought deal private placement basis, 11,000,000 common shares of BNK Petroleum Inc. at a price of $1.85 per common share. Gross proceeds of the offering will be $20,350,000.
In addition, the Underwriters will be entitled to an option, exercisable prior to the closing date of the offering, to purchase up to an additional 2,600,000 common shares at $1.85 per common share for additional gross proceeds of up to $4,810,000.
The net proceeds from this financing will be used for general corporate purposes.
All common shares issued pursuant to this financing will be subject to a four month hold period commencing on the date of closing. Closing is expected to occur on or about August 14, 2008, subject to receipt of all necessary regulatory and stock exchange approvals.
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[c2b] 01/9/2008 22:51

I've got some. Do we know what happened to the American side of the share split and how we get a quote for those shares ? Do we also know exactly what has changed to turn this sometime promising company that became a dog and has now amazingly become highly promising again ?

[boilerboy] 01/8/2008 19:42

I cant be the only one on Advfn in this. Can I !

[boilerboy] 01/8/2008 15:31

Nice 22k buy. I make that about 50 grand

[boilerboy] 01/8/2008 12:50

Anyone else in BNK?

[boilerboy] 01/8/2008 11:19

www.bankerspetroleum.com

9 Analysts with BUY Recomendations

Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves in Albania (located northwest of Greece in South Eastern Europe). The Company is targeting growth in production and reserves through the application of new and proven technologies by a strong experienced technical team. Bankers' strategic objective is to remain focused on exploration and production activities 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 oil field is the largest onshore oil field in continental Europe, holding approximately two billion barrels of original oil in place. Bankers' three-year growth plan for this field has an objective to achieve a target field production of 20,000 bopd by the end of 2010.

Bankers also has a 100% interest in the Kucova oil field, which holds approximately 490 million barrels of original oil in place. The Company is in the process of creating a development plan for this field, which is expected to be composed of a combination of reactivations, recompletions and secondary recovery schemes such as waterfloods.

Bankers shares are traded on the Toronto Stock Exchange (TSX) and the Alternative Investment Market (AIM) in London , England under the ticker symbol BNK. Its' 2009 Warrants are listed on the TSX under the symbol BNK.WT and on AIM under the symbol BNKW. Its' 2012 Warrants are listed on the TSX under the symbol BNK.WT.A.

[boilerboy] 31/7/2008 11:15

This looks a good investment

[bronek1959b] 12/5/2008 18:19

someone knew rns was coming .

[tpsev] 09/5/2008 17:51

hopeing for a good day monday---------

[regandjess] 28/3/2008 14:35

brone........true, very true....better than having too much bull#### on here as well.

[bronek1959b] 27/3/2008 19:13

REG.DOES,NT MATTER .SP IS RISING AND THATS WHAT COUNTS,NOT THE NUMBER OF POSTERS.

[regandjess] 27/3/2008 18:53

With the strong price movement and the recently announced 3 year plan, I would have expected this BB to be a lot busier.

[unionhall] 10/3/2008 12:08

Discontinued.

[gippy] 07/3/2008 23:22

Doing very well!
The new guys that came on board in November have now taken control.
They have obtained 50% interest in another Albanian oilfield with option to go to 100%. Albania is the key asset here and if they had spent more cash on developing this rather than chasing gas in the US they might have performed even better.
New funding is now in place and something is on the boil judging by the recent action.
About time this got taken more seriously by the wider investing community in the UK?

[chopsy] 07/3/2008 17:42

Doing well, aren't they?

[magnus9] 05/1/2008 12:33

Quite like the look of BNK after seeing it mentioned on this Canadian business channel:


(fast forward to 5mins 20secs)

[gippy] 07/11/2007 22:57

Little news? The announcement on 2nd Nov regarding recruitment of new personnel experienced in heavy oil recovery is very significant for Albania. Current reserves of 93 Million barrels are less than 5% of the 1.96 Billion barrels of original oil in place. If these guys can increase reserves and production by using enhanced recovery techniques for Bankers by the same magnitude as their previous success then this will justify the current share price increase.

[tpsev] 07/11/2007 18:01

still gi=oing up on little news ?

[tpsev] 05/11/2007 19:45

something going on just keeps going up 22p/36p

[mikecoxhard2] 15/9/2007 21:17

on annual revenu of 24 million££ is this undervauled?

[chopsy] 19/4/2007 21:42

Gee, I wasn't watching close enough, didn't get that dip at 0.12, would have liked that.