Bengal Energy Ltd.

Bengal Energy Ltd. today announces that drilling of the Chookola-1 exploration well, located in the Authority to Prospect 752 within the Barta sub-block, has been completed. Following a review of the well logs, the ATP 752 joint venture parties have decided to plug and abandon the well. The well encountered oil shows at multiple levels; however, no commercial pay was identified at this location. This exploration well is [...]

Bengal Energy Ltd. today announces that the Barta joint venture parties have completed the Barta West 3D seismic interpretation and have agreed upon the location for this first exploration well on the newly acquired 3D. The location on ATP 752 Barta Block in the Cooper Basin, Australia, known as the Chookola-1 well is located approximately 8.5 kms west of the producing Barta North-1 oil well in the Cuisinier Petroleum [...]

Bengal Energy Ltd. today announces its financial and operating results for the first quarter of fiscal 2019 ended June 30, 2018. FISCAL Q1 2019 HIGHLIGHTS: The following is an overview of the financial and operational results during the three month period ended June 30, 2018: Financial Highlights: Sales Revenue – Crude oil sales revenue was $3.2 million in the first quarter of fiscal 2019, which is 39% higher than [...]

CALGARY, Alberta, June 19, 2018 -- Bengal Energy Ltd. today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2018 and the results of its independent reserve evaluation for the year ended March 31, 2018 as prepared by GLJ Petroleum Consultants Ltd. . FISCAL YEAR END & FOURTH QUARTER 2018 HIGHLIGHTS: The following is an overview of the financial and operational results [...]

CALGARY, Alberta, March 22, 2018 -- Bengal Energy Ltd. announces that it has successfully negotiated an amendment to its secured credit facility with the Australian based Westpac Institutional Bank , which includes a deferment of principal payments on the Credit Facility. The Credit Facility continues to have an expiry date of December 31, 2019 and provides a borrowing base of US$12.5 million, of which the full amount is [...]

CALGARY, Alberta, Feb. 13, 2018 -- Bengal Energy Ltd. today announces its financial and operating results for the third quarter of fiscal 2018 ended December 31, 2017. FISCAL Q3 2018 SUMMARY: The following is an overview of the financial and operational results during the three-month period ended December 31, 2017: Operational Summary: Production Volumes – Production in the third quarter of fiscal 2018 averaged 354 [...]

CALGARY, Alberta, Jan. 23, 2018 -- Bengal Energy Ltd. is pleased to announce the acquisition of an additional 28.57% working interest in its operated natural gas prospective permit Authority to Prospect 934 located in the under-exploited Cooper Basin natural gas fairway. Bengal has now consolidated its ownership of ATP 934 to 100%. The purchase consideration is AUS$311,221 cash and potential future cash payments of up to [...]

CALGARY, Alberta, Jan. 02, 2018 -- Bengal Energy Ltd. announces the appointment of Mr. Matthew Moorman as Chief Financial Officer of the Company, effective today January 2, 2018. Mr. Moorman brings 20 years of senior financial experience in the energy sector to Bengal, along with extensive domestic and international capital market experience and a strong background in public financial reporting, corporate governance, M&a [...]

CALGARY, Alberta, Dec. 18, 2017 -- Bengal Energy Ltd. today announces that Mr. Scott Megaffin has tendered his resignation as Chief Financial Officer of Bengal, effective December 18, 2017, to pursue other opportunities. "We appreciate Scott's contributions to our Company and we wish him the best in his future endeavours," said Chayan Chakrabarty, President and Chief Executive Officer of Bengal. Bengal has initiated a [...]

CALGARY, Alberta, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) today announces its financial and operating results for the second quarter of fiscal 2018 ended September 30, 2017. FISCAL Q2 2018 SUMMARY: The following is an overview of the financial and operational results during the three-month period ended September 30, 2017: Operational Summary [...]