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BRIEF-Bankers Petroleum says reached agreement to unfreeze Albanian bank accounts

Published 2015-12-04, 01:06 p/m
© Reuters.  BRIEF-Bankers Petroleum says reached agreement to unfreeze Albanian bank accounts
BNK
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Dec 4 (Reuters) - Bankers Petroleum Ltd BNK.TO :
* Press release - Bankers Petroleum reaches agreement to unfreeze Albanian bank
accounts
* Co,Albanian Government reached agreement for co to regain control of Albanian
bank accounts;operate in normal conditions at Patos-Marinza
* Bankers has agreed to make a deposit of 10% of the $57 million original tax
assessment amount to the tax office
* Says agreed to make further deposits of $4.275 million each month during the
2016 calendar year amounting to the $57 million total
* Upon conclusion of independent dispute-resolution process both parties agree to revisit 2011 profit tax assessment,payments made

* Source text for Eikon ID:nCNW8d6Q6a

* Further company coverage BNK.TO

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