Bengal Energy Ltd. today announces its financial and operating results for the fourth quarter of fiscal 2022 ended March 31, 2022. FOURTH-QUARTER FISCAL 2022 HIGHLIGHTS: The following is an overview of the financial and operational results during the three-and twelve-months ending March 31, 2022. All amounts are in Canadian funds unless otherwise noted: Financial Summary: Reserves - Bengal's independently evaluated Proved [...]
Bengal Energy Ltd. announces the issuance of its independent oil and natural gas Resource assessment report dated March 30, 2022, with an effective date of March 20, 2022 . Highlights of Resource Report: At March 20, 2022, the Company's unrisked Best Estimate Contingent Resources were 1.1 million stock tank barrels of light crude and medium crude oil and 19.0 billion standard cubic feet of conventional natural gas for a [...]
Bengal Energy Ltd. is pleased to announce that the German-Australian Chamber of Commerce has produced positive results from a screening study to evaluate tailor-made and novel technologies targeted specifically at Bengal's upcoming Cooper Basin operated activities with the objective of lowering Bengal's carbon footprint and operating costs. Renewable electrification and carbon capture projects are among several innovative [...]
Bengal Energy Ltd. has commenced field operations with the goal of transforming the Company into an operated producer in Australia. These field operations, at Wareena and Caracal, have the potential to materially increase Company production levels, with Bengal estimating that, on successful completion of the operations, corporate production may increase to up to 550 - 700 boe/d. The Company believes that any increased [...]
Bengal Energy Ltd. is pleased to announce the closing of its previously announced non-brokered private placement . Under the Private Placement, Bengal issued an aggregate of 52,317,821 common shares of the Company at a price of C$0.08 per Common Share for aggregate gross proceeds of approximately C$4.2 million. As discussed in Bengal's announcement of March 1, 2022, the net proceeds from the Private Placement, along with [...]
Bengal Energy Ltd. is pleased to announce that it has entered into definitive agreements with respect to a non-brokered private placement of approximately 52.3 million common shares of the Company at a price of $0.08 per Common Share for aggregate gross proceeds of approximately $4.2 million . All amounts are in Canadian dollars. The Private Placement is expected to close on or about March 3, 2022 . Closing of the Private [...]
Bengal Energy Ltd. today announces its financial and operating results for the third quarter of fiscal 2022 ended December 31, 2021. THIRD QUARTER FISCAL 2022 HIGHLIGHTS: The following is an overview of the financial and operational results during the three-and nine-months ending December 31, 2022. All amounts are in Canadian funds, unless otherwise noted: Financial Summary: Sales Revenue - Crude oil sales revenue was [...]
Bengal Energy Ltd. today announces that drilling of the Chef-1 exploration well, located in the Authority to Prospect 752 within the Barta sub-block, Potential Commercial Area 206 , has been completed. Following a review of the well logs, the ATP 752 joint venture parties have decided to plug and abandon the well. This exploration well is located outside of the producing Cuisinier field Petroleum Lease 303 , in a location [...]
Bengal Energy Ltd. is pleased to announce the Cuisinier Oil Field Water Injection Pilot Program commenced sustained water injection on November 12, 2021. The previously producing Cuisinier 24 well was converted to a water injector with produced water from Cuisinier 7 pipelined to the C24 location and injected into the reservoir. Currently, the water injection rate is 377 barrels of water per day, with 4,000 barrels of [...]
Bengal Energy Ltd. today announces its financial and operating results for the second quarter of fiscal 2022 ended September 30, 2021. SECOND QUARTER FISCAL 2022 HIGHLIGHTS: The following is an overview of the financial and operational results during the three-and six-months ending September 30, 2021. All amounts are in Canadian funds, unless otherwise noted: Financial Summary: Sales Revenue - Crude oil sales revenue was [...]
Bengal Energy Ltd. today announces that drilling of the Legbar-1 exploration well operated by Bengal's farm-in partner Santos QNT Pty Ltd and located in a 420 square kilometers block in the southern portion of Authority to Prospect 934 , has been completed. Data indicated that the Legbar-1 Well intersected good quality reservoir sands within the primary Permian Toolachee formation, however these sands contained [...]
Bengal Energy Ltd. is pleased to announce that it has been informed by its farm-in partner Santos QNT Pty Ltd of the spudding of its Legbar farm-in well on October 5, 2021. The farm-in agreement between Bengal and Santos covers a portion of Bengal's 100% owned ATP 934 oil and gas exploration tenement in southwestern Queensland. The Legbar Well has an expected drilling time of approximately three weeks. Under the terms of [...]
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