Bankers Petroleum Limited Obtaining commitment to resolve outstanding audit

 
TIDMBNK 
 
Bankers Petroleum announces obtaining commitment to resolve outstanding audit 
through international third-party 
 
CALGARY, Sept. 14, 2015 /CNW/ - Bankers Petroleum Ltd. ("Bankers" or the 
"Company") (TSX: BNK, AIM: BNK) is pleased to announce that it has obtained a 
commitment from the Albanian National Agency for Natural Resources (AKBN) to 
engage a third-party international auditor to resolve an outstanding audit 
regarding eligible operating and capital expenses for cost recovery, as has 
been previously disclosed in the company's financial statements. 
 
Over the coming weeks, the parties will select an international auditor and 
expect to reach a conclusion on the matter over the next several months. This 
effort is expected to also resolve a recently received tax balance assessment 
of US$57 million based on the aforementioned outstanding audit. 
 
"This represents a significant step towards enhancing transparency in the 
administration and regulation of oil and gas activities in Albania. Bankers 
views this commitment by the authorities as an important milestone in the 
ongoing improvement of our operations." commented David French, President and 
Chief Executive Officer of Bankers Petroleum. 
 
About Bankers Petroleum Ltd. 
 
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and 
production company focused on developing large oil and gas reserves. In 
Albania, Bankers operates and has the full rights to develop the Patos-Marinza 
heavy oilfield, has a 100% interest in the Kuçova oilfield, and a 100% interest 
in Exploration Block "F". Bankers' shares are traded on the Toronto Stock 
Exchange and the AIM Market in London, England under the stock symbol BNK. 
 
 
 
 
David French, President and Chief Executive Officer, [phone]; Doug Urch, 
Executive VP, Finance and Chief Financial Officer, [phone]; Laura 
Bechtel, Investor Relations Analyst, [phone]; Email: 
[e-mail], Website: www.bankerspetroleum.com; AIM 
NOMAD: Canaccord Genuity Limited, Henry Fitzgerald-O'Connor / Wei Loon Yap, +44 
0 207 523 8000; AIM BROKER: FirstEnergy Capital LLP, Hugh Sanderson / David van 
Erp, [phone] 
 
 
 
 
 
 
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(END) Dow Jones Newswires

September 14, 2015 08:00 ET (12:00 GMT)