2004 – Bankers is granted the Petroleum Agreement to operate the PatosMarinza oilfield.
2006 – Bankers Petroleum acquires four unconventional shale gas prospects in northern and central United States.
2007 – The first train of cascading tanks used to treat our oil at the Central Treatment Facility (CTF) was built. The CTF is a scalable facility where trains can be added treating capacity alongside our growth
2008 – Bankers acquires 50% interest in the Kucova oilfield
2008 – Bankers acquires the remaining 50% interest in Kucova through the acquisition of the remaining 50% of the issued and outstanding securities of the independent private company Sherwood International Petroleum Ltd. which is now a wholly-owned subsidiary of Bankers.
2008 – Bankers Petroleum spun out its North American assets as BNK Petroleum and refocusing Bankers Petroleum’s attention of the Patos-Marinza field.
2008 – Bankers drilled its first horizontal well, revitalizing the field, and increasing nearly doubling the recovery factor of the oil in place.
2009 – The Petrolifera Italo Albanese (PIA) Terminal in the port of Vlore, Albania was completed. Bankers has a total of 153,140 bbls storage at the port. 145,400 bbls of our oil can be shipped at a time from the port.
2009 – Bankers Petroleum finalized loan agreements with the International Finance Corporate (IFC), a member of the World Bank Group, and the European Bank for Reconstruction and development (EBRD) for the provision of reserved-based long term financing of up to US$110 million to fund capital requirements and working capital needs for the Company’s projects in Albania.
2009 – The International Finance Corporation (IFC) exercised its warrant holdings of 8.0 million warrants generating proceeds of CDN $12 million. The IFC is a global investor and advisor committed to promoting sustainable projects in developing member countries that are economically beneficial, financially and commercially sound, and environmentally and socially sustainable.
2009 – Bankers finalizes the Production Sharing Contract for the acquisition of Block F.
2012 – Bankers commenced operation of a pipeline to take oil from our Central Treating Facility in the field 11 km to the Fier Hub truck loading station. This was the first phase of a planned pipeline which will extend the 35 km stretch along the existing highway to the Port in Vlore.
2013 – Began preliminary infectivity testing at the first pilot polymer flood location.
2013 – The International Finance Corporation and the European Bank for Reconstruction and Development have approved an extension of the Company’s existing credit facility to September 2020. No repayments are required until September 2017, from which time the facility amount will decrease by 25% annually. Collectively the revolving loan facilities will increase to $200 million from the existing $100 million.
2014 – Bankers celebrates 10 years of operating in Albania.
2014 – Drilled our first pilot multi-lateral well, the first of its kind in an unconsolidated sandstone. Using this technology could help to unlock target locations with heavy oil mobility concerns and thinner pay zones to expand our development and improve recovery.
2014 – Completed the county’s first 3D seismic shoot to image the Bubullima area, at the northwest corner of our field as well as a portion of Block F. After interpreting the 3D seismic we will be able to better determine future Bubullima drilling locations as well as evaluate potential natural gas targets on Block “F”.
2014 – Bankers Petroleum has been awarded as a Fast Growth 50 company for the 3rd year in a row. The Fast Growth 50 program ranks businesses with significant growth in revenue, assets, capital expenditures and employees. The award is produced by Alberta Venture magazine and KPMG and is one of the most recognized business rankings in the province
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