RE: Bankers Petroleum supplements SEDAR filings fo This is the only highlighted section that I found in the re-filed MD&A. It was added in the middle of page 21. Quite silly that the company would be required to re-file for this:
"The DC&P have been designed to provide reasonable assurance that information required to be disclosed by
Bankers in its annual filings, interim filings or other reports filed or submitted by Bankers under securities
legislation is recorded, processed, summarized and reported within the time periods specified in the securities
legislation and include controls and procedures designed to ensure that information required to be disclosed by Bankers in its annual filings, interim filings or other reports filed or submitted under securities legislation is
accumulated and communicated to Bankers’ management, including its certifying officers, as appropriate to
allow timely decision regarding required disclosure. The Company’s CEO and CFO have concluded, based on
their evaluation as of December 31, 2011 that the Company’s internal controls over financial reporting and
disclosure controls and procedures are effective to provide reasonable assurance that material information
related to the issuer, is made known to them by others within the Company.
ICFR is a process designed by, or under the supervision of, the Company’s certifying officers, and effected by
the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the Company’s GAAP and includes those policies and procedures that pertain to the
maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions
of the assets of the Company; are designed to provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with the Company’s GAAP, and that
receipts and expenditures of the Company are being made only in accordance with authorizations of
management and directors of the Company; and are designed to provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the issuer’s assets that could
have a material effect on the annual financial statements or interim financial reports."