UPDATE 1-Bankers Petroleum’s key Albanian oilfield output jumps in Q1

* Q1 Patos-Marinza production jumps 44 pct to 11,894 bopd

* Says current production 13,500 bopd

April 7 (Reuters) – Canada’s Bankers Petroleum Ltd’s
first-quarter production from the Patos-Marinza
oilfield in Albania rose 44 percent.

The Calgary, Alberta-based oil and gas company reported
11,894 barrels of oil per day (bopd) from the oilfield in the
quarter, compared with 8,282 bopd last year.

The company also said total average production in the period
was 12,147 bopd.

Bankers Petroleum has a deal with state-owned Albpetrol Sh.A
since June 2004 to takeover and re-activate 120-130 wells every
year in Albania.

The Patos-Marinza oilfield’s first-quarter average oil price
was $68.06 per barrel. In the quarter, Nymex light crude futures
(CLc1: Quote, Profile, Research) jumped past $100 a barrel.

The company also said the current production rate exceeds
13,500 bopd.

Shares of the company closed at C$8.36 on Wednesday on the
Toronto Stock Exchange.

(Reporting by Aftab Ahmed in Bangalore; Editing by Maju
Samuel)

UPDATE 1-Bankers Petroleum’s key Albanian oilfield output jumps in Q1