Bankers Petroleum Q1 Production Rises 16%

Bankers Petroleum Ltd

reported a 16% surge in its first-quarter production. Bankers Petroleum's average Q1 production climbed to 14,120 barrels of oil per day (bopd), versus 12,147 bopd last year. Its sales from the Patos-Marinza oilfield rose to 13,280 bopd, from 11,894 bopd in the year-earlier period. Bankers Petroleum shares closed at $3.8245 yesterday.