Bengal Energy Ltd.

Bengal Energy Ltd. is pleased to announce it has achieved positive initial results from its pilot waterflood activities in its joint-venture Cuisinier oil field in Queensland, Australia. Based on the field Operator Santos's analysis of field performance since the water flood pilot commenced, the Company will recommend to the Operator that the water flood program be extended to other wells in the Cuisinier field. The [...]

Bengal Energy Ltd. is pleased to announce that water shut-off operations at its Wareena 1 and Wareena 5 sites have been completed successfully. The water shut-off operations at the two Wareena sites were completed on time and on budget, with initial results that may support the Company's plans for further interventions designed to increase natural gas flow. Subject to the success of these interventions and positive test [...]

Bengal Energy Ltd. today announces its financial and operating results for the first quarter of fiscal 2023 ended June 30, 2022. FIRST-QUARTER FISCAL 2023 HIGHLIGHTS: The following is an overview of the financial and operational results during the three-months ending June 30, 2022. All amounts are in Canadian funds unless otherwise noted: Financial Summary: Sales revenue - Crude oil sales revenue was $2.5 million in the [...]

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 [...]