Bankers Petroleum to release first quarter operational update April 5, 2016 and completes year-end filings

CALGARY, March 31, 2016 /CNW/ - Bankers Petroleum Ltd. ("Bankers" of the "Company") (TSX: BNK, AIM: BNK) is scheduled to release its 2016 First Quarter Operational Update on Tuesday, April 5, 2016 at 5:00 am MDT (7:00 am EDT, 12:00 pm BST).

2015 Year-end Filings

Bankers has now filed its Annual Information Form and Statement of Reserves Data and other Oil and Gas Information reports (Form 51-101) on SEDAR (www.sedar.com).

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 and Eastern Europe.  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".  In 2015 Bankers acquired an 85% interest in the rights to explore the Püspökladány Block concession within the Pannonian Basin located in north eastern Hungary.  Bankers' shares are traded on the Toronto Stock Exchange and the AIM Market in London, England under the stock symbol BNK.

SOURCE Bankers Petroleum Ltd.

David French, President and Chief Executive Officer, [phone]; Doug Urch, Executive VP, Finance and Chief Financial Officer, [phone]; Laura Bechtel, Investor Relations and Corporate Communications Specialist, [phone], Email: [email protected], Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Genuity Limited, Henry Fitzgerald-O'Connor, [phone]; AIM BROKER: FirstEnergy Capital LLP, Hugh Sanderson / David van Erp, [phone]