CALGARY, ALBERTA--(Marketwired - Jun 22, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2015. "We are pleased with the results from our Cuisinier drilling program this year," said Chayan Chakrabarty, Bengal's President and CEO. "We have added to our production base, successfully expanded the [...]
CALGARY, ALBERTA--(Marketwired - June 19, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces significant increases in the net present value and volume of its reserves following the completion of its fiscal 2015 year-end independent reserves report (the "Report"). The Report is issued following an independent evaluation of the Company's producing oil and gas properties by GLJ Petroleum Consultants [...]
CALGARY, ALBERTA--(Marketwired - May 4, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Company and its joint venture parties ("JV") have completed the Phase Two drilling campaign on ATP 752 Barta Block (Bengal's working interest 30.357%). Average gross production from the Cuisinier field in March 2015, prior to the tie-in of the new Phase Two wells and the reactivation of the [...]
CALGARY, ALBERTA--(Marketwired - Feb 12, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announced today its financial and operating results for the third fiscal quarter of 2015 (period ended December 31, 2014). FISCAL Q3 2015 HIGHLIGHTS: During the Company's third fiscal quarter of 2015, Bengal continued to execute its growth strategy with the drilling of six wells in its Phase Two drilling program at [...]
Bengal is pleased to announce the redemption of the $1.75 million principal amount of the Company's 10% outstanding unsecured non-convertible redeemable notes. Bengal has issued a notice of redemption to holders of the Notes pursuant to which Bengal has redeemed the Notes, effective today, for a redemption price equal to the outstanding principal amount of the Notes plus all accrued and unpaid interest thereon to but [...]
CALGARY, ALBERTA--(Marketwired - Dec 18, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce that the nominees listed in the management proxy circular dated November 18, 2014 were elected as directors of Bengal. The detailed results of the vote for the election of directors held at its annual and special meeting of shareholders on December 18, 2014 in Calgary, Alberta are set out below. Election of [...]
CALGARY, ALBERTA--(Marketwired - Dec 8, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Authority to Prospect ("ATP") 752P joint venture, in which the Company holds 30.4% and 38% working interests in the Barta and Wompi sub-blocks respectively, has completed the exploration drilling program Nubba-1 (in the Wompi sub-block) and Wicho East-1 (in the Barta sub-block). The ATP 752P [...]
CALGARY, ALBERTA--(Marketwired - Nov 13, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce its financial and operating results for the second fiscal 2015 quarter ended September 30, 2014. FISCAL Q2 2015 HIGHLIGHTS: During the Company's second fiscal quarter of 2015, Bengal continued to execute its growth strategy and realized significant increases to its production and secured [...]
CALGARY, ALBERTA--(Marketwired - Oct 24, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the closing of its US $25.0 million secured credit facility (the "Facility") with Westpac Institutional Bank. The Facility is secured by the Company's producing assets in the Cuisinier field in Australia's Cooper Basin over a three-year term. In advance of the initial draw, Bengal will initiate [...]
CALGARY, ALBERTA--(Marketwired - Oct 1, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that four of the 2014 Phase One Cuisinier oil wells have been tied-in and are producing, resulting in an additional preliminary gross production rate of approximately 1,100 barrels of oil per day ("bopd") or 334 bopd net to Bengal. Bengal's current total net production is approximately 650 bopd [...]
CALGARY, ALBERTA--(Marketwired - Sep 29, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announced today that its annual and special meeting of common shareholders will be held on Thursday, December 18, 2014 at 10:00 a.m. MST (12:00 p.m. EST) ("the Meeting"). Following the conclusion of formal business at the Meeting, President and CEO Chayan Chakrabarty will review Bengal's operations and strategy for [...]
CALGARY, ALBERTA--(Marketwired - Aug 14, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that it has agreed on final credit approved terms for its US $25.0 million secured credit facility (the "Facility") with Westpac Institutional Bank ("Westpac" or the "Lender"). Bengal anticipates final closing of the Facility agreement to occur within the next three weeks subject to the [...]