Bankers Petroleum exploration well update

Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) reports that the Ardenica exploration well on Block "F" in Albania reached total depth of 2,030 meters on April 11. End Quote

(1888PressRelease) April 14, 2012 - Subsequent petrophysical and drilling data indicates that the well penetrated several thick porous sands however, did not encounter any hydrocarbon shows that would merit testing. The well was cased and suspended. The Company will study the well and seismic data to further evaluate and upgrade several other prospects mapped on the 185,000 acre block.

Review by Qualified Person

This release was reviewed by Suneel Gupta, Executive Vice President and Chief Operating Officer of Bankers Petroleum Ltd., who is a "qualified person" under the rules and policies of AIM in his role with the Company and due to his training as a professional engineer (member of APEGGA) with over 20 years' experience in domestic and international oil and gas operations.

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 and 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.

For further information:
Abby Badwi
President and Chief Executive Officer
(403) 513-2694

Doug Urch
Executive VP, Finance and Chief Financial Officer
(403) 513-2691

Mark Hodgson
VP, Business Development
(403) 513-2695

Email: investorrelations ( @ ) bankerspetroleum dot com
Website: www.bankerspetroleum.com

AIM NOMAD:
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor
+44 20 7050 6500

AIM JOINT BROKERS:
Canaccord Genuity Limited
Ryan Gaffney/ Henry Fitzgerald-O'Connor
+44 20 7050 6500

Macquarie Capital Advisors
Ben Colegrave/Paul Connolly
+44 20 3037 5639

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