Bankers Petroleum draws a blank in Albania

published 16 April 2012

Canadian oil and gas exploration outfit Bankers Petroleum has suspended drilling on its Ardenica exploration well in block F in Albania after it came up dry.

Drilling reached a total depth of 2,030 metres on April 11th. Subsequent petro-physical and drilling data indicates that the well penetrated several thick porous sands but did not encounter any hydrocarbon shows that would merit testing.

The company will study the well and seismic data to further evaluate and upgrade several other prospects mapped on the 185,000 acre block.