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Article: united states : Bankers Petroleum provides operational and corporate update.
- Article from:
- TendersInfo
- Article date:
- October 10, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to announce the following operational and corporate updates.
Production
Third quarter production averaged 5,881 bopd from the Patos Marinza oil field in Albania compared to second quarter production of 5,826 bopd. Net oil inventory at the end of September was 5,660 barrels higher compared to the second quarter inventory. Timing of successful re-activation and new wells being placed on production impacted average production for the quarter, however, exit production rate exceeded 6,200 bopd and the Company is on track to meet its production target of 7,000 bopd by the end of ...