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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery lost $1.07 to $40.67 on the New York Merc, while Brent for January lost 99 cents to $43.57 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.70 to WTI ($25.97), up from a discount of $14.85. Natural gas for December lost 1.4 cents to $2.371. The TSX energy index lost 1.44 points to close at 181.42.

Abby Badwi's Bankers Petroleum Ltd. (BNK) lost 13 cents to $2.10 on 3.56 million shares, despite promotional efforts in London by president and chief executive officer David French. He was in town for the World Oil & Gas Week. In an interview with Proactive Investors, a media and PR firm, he talked up Bankers' assets in Albania, where it is currently producing about 20,000 barrels a day from the Patos-Marinza heavy oil field. He focused on Bankers' drilling, cost-cutting and EOR (enhanced oil recovery) efforts. These are going so well, said Mr. French, that "in our plan right now, even at mid-level pricing -- so imagine $50 (U.S.) Brent going to $60 (U.S.), basically the strip between now and 2020 -- we can see ourselves self-funding growing from 20,000 barrels a day to 30,000 barrels a day in that same period." He sounded pleased, although this represents a marked change from the plan he laid out last year. Back then (meaning from the summer of 2014 through October, 2014), he was touting Bankers' plan to boost production to 40,000 barrels a day by 2020, a goal he dubbed "40 by 20." Now the name is presumably "30 by 20." Bankers has had to scale back in the wake of the oil price crash. Still, Mr. French remains as thrilled as ever with Bankers' Albanian position, calling it "a wonderful sandbox to play in."

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