03:33 PM EST - Bankers Petroleum Ltd. : announced the Company's first quarter operational update. Average production from the Patos-Marinza oilfield in Albania for the first quarter of 2013 was 16,916 barrels of oil per day (bopd), 4.7% higher than 16,163 bopd in the fourth quarter of 2012. Oil sales during the quarter averaged 16,605 bopd, 3.6% higher than the previous quarter average of 16,033 bopd. The crude oil inventory at March 31, 2013 was 340,000 barrels, 26,000 barrels higher than 313,000 barrels at December 31, 2012. The Patos-Marinza first quarter average oil price was approximately $89.42 per barrel (representing 80% of the Brent oil price of $112.43 per barrel), as compared with the 2012 fourth-quarter average oil price of $78.53 per barrel (71% of the Brent oil price of $110.08 per barrel). Bankers Petroleum Ltd.
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