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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Bankers Petroleum Ltd., Valuation and Financial Data 8
Bankers Petroleum Ltd., Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
Bankers Petroleum Ltd., Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Bankers Petroleum Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 11
Bankers Petroleum Ltd., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Bankers Petroleum Ltd., Quarterly Production Trends 13
Bankers Petroleum Ltd., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 14
Bankers Petroleum Ltd., Crude Oil Production 15
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 15
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 16
Bankers Petroleum Ltd., Valuation and Financial Data, 2011-2015 17
Bankers Petroleum Ltd., Share Price Performance, 2011-2015 17
Share Price Performance, 2011-2015 17
Key Valuation Metrics, 2011-2015 18
Bankers Petroleum Ltd., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 20
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 23
Crude Oil Production and Reserves By Country/Region, 2011-2015 24
Crude Oil/Liquids Reserve Changes, 2011-2015 26
Total Crude Oil and Natural Gas Reserves Life Index 27
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 27
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 28
Bankers Petroleum Ltd., E&P Costs Trends 30
Allocation of the Upstream Capital Expenditure 30
Upstream Capital Expenditure, 2011-2015 30
Acquisition Costs By Country/Region, 2011-2015 31
Exploration and Development Costs, By Country/Region, 2011-2015 32
Oil and Gas Cost Per boe, US$/boe 33
Oil and Gas Cost Per boe, US$/boe, 2011-2015 33
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 34
Bankers Petroleum Ltd., Reserve Replacement Ratio 36
Oil and Gas Production Replacement Ratio 36
Oil and Gas Production Replacement Ratio, 2011-2015 36
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 38
Bankers Petroleum Ltd., Results of Oil & Gas Operations Trend 41
Oil and Gas Revenue and Expenses 41
Oil and Gas Revenue and Expenses, 2011-2015 41
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 42
Oil and Gas Revenue and Expenses, Per boe 47
Oil and Gas Revenue and Expenses, By boe, 2011-2015 47
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 48
Oil and Gas Performance Metrics 52
Well Statistics 53
Producible Oil and Gas Well, 2011-2015 53
Producible Oil and Gas Well, By Country/Region, 2011-2015 54
Exploration and Development Wells Drilled, 2011-2015 57
Recent Developments 58
Bankers Petroleum Ltd. - Recent Developments 58
Aug 31, 2016: Bankers Petroleum Announces Domestic Crude Oil Sales Contract 58
Aug 29, 2016: Bankers Petroleum Announces Results Of The Binding Third-Party Audit Regarding The 2011 Tax Dispute 58
Aug 11, 2016: Bankers Petroleum Announces 2016 Second Quarter Financial And Operational Results 59
Jul 06, 2016: Bankers Petroleum Operational Update For The Second Quarter 2016 61
Jun 08, 2016: Bankers Petroleum Announces Resumption Of Operations And Corporate Transaction Update 62
Jun 02, 2016: Bankers Petroleum Temporarily Shuts-In Production Due To A Business Interruption At The Port 62
Jun 01, 2016: Bankers Petroleum Temporarily Curtails Production Due To A Business Interruption At The Port 63
May 05, 2016: Bankers Petroleum Announces 2016 First Quarter Financial And Operational Results 63
Apr 05, 2016: Bankers Petroleum Operational Update For The First Quarter 2016 66
Mar 10, 2016: Bankers Petroleum Announces 2015 Financial Results 67
Appendix 70
Methodology 70
Coverage 70
Secondary Research 70
Primary Research 70
Data Information Sources 71
Company Source 71
SEC/Other Regulatory Filings 71
Other Sources 71
Expert Panel Validation 71
Data Definition 71
Oil and Gas Reserves 71
Units of Measure 72
About GlobalData 72
Disclosure 72
Disclaimer 72
List of Tables
Table 1: Bankers Petroleum Ltd., Key Facts 7
Table 2: Bankers Petroleum Ltd., Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: Bankers Petroleum Ltd., Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: Bankers Petroleum Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Table 5: Bankers Petroleum Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 11
Table 6: Bankers Petroleum Ltd., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Table 7: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 13
Table 8: Bankers Petroleum Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Table 9: Bankers Petroleum Ltd., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Table 10: Bankers Petroleum Ltd., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Table 11: Bankers Petroleum Ltd., Share Price Performance, 2011-2015 17
Table 12: Bankers Petroleum Ltd., Key Valuation Metrics, 2011-2015 18
Table 13: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19
Table 14: Bankers Petroleum Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 21
Table 15: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 22
Table 16: Bankers Petroleum Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23
Table 17: Bankers Petroleum Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 25
Table 18: Bankers Petroleum Ltd., Crude Oil Reserve Changes, mmbbl, 2011-2015 26
Table 19: Bankers Petroleum Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 27
Table 20: Bankers Petroleum Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 29
Table 21: Bankers Petroleum Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 30
Table 22: Bankers Petroleum Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 31
Table 23: Bankers Petroleum Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 32
Table 24: Bankers Petroleum Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 33
Table 25: Bankers Petroleum Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 35
Table 26: Bankers Petroleum Ltd., Oil and Gas Production Replacement Ratio, %, 2011-2015 37
Table 27: Bankers Petroleum Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 40
Table 28: Bankers Petroleum Ltd., Revenue and Expenses, US$ mil, 2011-2015 41
Table 29: Bankers Petroleum Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 46
Table 30: Bankers Petroleum Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 47
Table 31: Bankers Petroleum Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 51
Table 32: Bankers Petroleum Ltd., Oil and Gas Performance Metrics, 2011-2015 52
Table 33: Bankers Petroleum Ltd., Producible Oil and Gas Wells, 2011-2015 53
Table 34: Bankers Petroleum Ltd., Producible Oil and Gas Wells, By Country/Region, 2011-2015 56
Table 35: Bankers Petroleum Ltd., Exploratory and Developed Wells, 2011-2015 57
List of Figures
Figure 1: Bankers Petroleum Ltd., Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 8
Figure 2: Bankers Petroleum Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: Bankers Petroleum Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Figure 4: Bankers Petroleum Ltd., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 12
Figure 5: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 13
Figure 6: Bankers Petroleum Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Figure 7: Bankers Petroleum Ltd., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Figure 8: Bankers Petroleum Ltd., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Figure 9: Bankers Petroleum Ltd., Share Price Performance, CAD/Share, 2011-2015 17
Figure 10: Bankers Petroleum Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 18
Figure 11: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 19
Figure 12: Bankers Petroleum Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 20
Figure 13: Bankers Petroleum Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 20
Figure 14: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 22
Figure 15: Bankers Petroleum Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 23
Figure 16: Bankers Petroleum Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 24
Figure 17: Bankers Petroleum Ltd., Oil Production, By Country/Region, mmbbl, 2011-2015 24
Figure 18: Bankers Petroleum Ltd., Crude Oil Reserve Changes, mmbbl, 2015 26
Figure 19: Bankers Petroleum Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 27
Figure 20: Bankers Petroleum Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 28
Figure 21: Bankers Petroleum Ltd., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 28
Figure 22: Bankers Petroleum Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 30
Figure 23: Bankers Petroleum Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 31
Figure 24: Bankers Petroleum Ltd., Development Costs, By Country/Region, US$ mil, 2011-2015 32
Figure 25: Bankers Petroleum Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 33
Figure 26: Bankers Petroleum Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 34
Figure 27: Bankers Petroleum Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 34
Figure 28: Bankers Petroleum Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 36
Figure 29: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 38
Figure 30: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 38
Figure 31: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 39
Figure 32: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 39
Figure 33: Bankers Petroleum Ltd., Revenue and Expenses, US$ mil, 2011-2015 41
Figure 34: Bankers Petroleum Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 42
Figure 35: Bankers Petroleum Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 42
Figure 36: Bankers Petroleum Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 43
Figure 37: Bankers Petroleum Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 43
Figure 38: Bankers Petroleum Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 44
Figure 39: Bankers Petroleum Ltd., Production Costs, By Country/Region, US$ mil, 2011-2015 44
Figure 40: Bankers Petroleum Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 45
Figure 41: Bankers Petroleum Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 47
Figure 42: Bankers Petroleum Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 48
Figure 43: Bankers Petroleum Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 48
Figure 44: Bankers Petroleum Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 49
Figure 45: Bankers Petroleum Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 49
Figure 46: Bankers Petroleum Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 50
Figure 47: Bankers Petroleum Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 50
Figure 48: Bankers Petroleum Ltd., Oil and Gas Performance Metrics, 2011-2015 52
Figure 49: Bankers Petroleum Ltd., Producible Oil and Gas Wells, 2011-2015 53
Figure 50: Bankers Petroleum Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 54
Figure 51: Bankers Petroleum Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 54
Figure 52: Bankers Petroleum Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 55
Figure 53: Bankers Petroleum Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 55
Figure 54: Bankers Petroleum Ltd., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 56
Figure 55: Bankers Petroleum Ltd., Exploratory and Developed Wells, 2011-2015 57