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Bankers Petroleum Ltd.

10:58 AM EST - Bankers Petroleum Ltd. : reported third-quarter net income of US$4.88 million, compared to US$264 thousand last year. Income from continuing operations was US$4.88 million or US$0.026 per share, higher than US$572 thousand or US$0.004 per share in the prior-year quarter. Bankers generated funds from operations of US$14.8 million, up from US$6.4 million for the same period in 2007. Revenues grew to US$26.3 million from US$14.4 million in the year-ago quarter. Bankers Petroleum Ltd. shares T.BNK are trading up 8 cents at $1.10.