| Albanian authorities evacuate village after oil well blast | |
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TIRANA, Albania (AP) -- Albanian authorities are evacuating residents of a village following an explosion at a Canadian-owned oil well. No injuries were reported.
A statement from the Calgary-based Bankers Petroleum Ltd. said an "uncontrolled leak of natural gas occurred during drilling operation" Wednesday in Marinze, 130 kilometers (80 miles) south of the capital Tirana.
Residents were being evacuated due to fumes from the blast, which the company said were not harmful. It said it was working with local authorities to evacuate residents and later clean the area.
Energy Ministry spokesman Dardan Malaj said some residents were refusing to leave their homes.
Bankers Petroleum has been operating in Albania since 2004, and produces up to 1.2 million tons of oil per year. Last year, Albania produced a total of 1.4 million tons.
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Bankers Petroleum Ltd.
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CODE : BNK.TO |
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CUSIP : 38142Q |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Bankers Petroleum is a oil exploration company based in Canada. Bankers Petroleum produces oil, natural gas in Albania, and holds various exploration projects in Albania. Its main asset in production is PATOS-MARINZA in Albania and its main exploration properties are KUÇOVA and KUCOVA HEAVY OILFIELD in Albania. Bankers Petroleum is listed in Canada, in Germany and in United Kingdom. Its market capitalisation is CA$ 2.8 billions as of today (US$ 2.1 billions, € 1.9 billions). Its stock quote reached its lowest recent point on December 31, 2007 at CA$ 0.35, and its highest recent level on April 26, 2024 at CA$ 10.81. Bankers Petroleum has 261 560 000 shares outstanding. |