Bengal Energy Ltd. today announces its financial results for the first quarter of fiscal 2021 ended June 30, 2020. FIRST QUARTER FISCAL 2021 SUMMARY: The following is an overview of the financial and operational results during the three month period ended June 30, 2020: Financial Summary: Sales Revenue - Crude oil sales revenue was $1.1 million in the first quarter of fiscal 2021, which is 45% lower than the $2.0 million [...]
Bengal Energy Ltd. is pleased to announce it has agreed the terms of a Farmin Agreement with Santos QNT Pty Ltd. covering a portion of Bengal's ATP 934 oil and gas exploration tenement in south western Queensland. Under the terms of the Farmin Agreement, Santos will pay 100% of the well costs of a one well work program with an estimated cost of AUS$ 2.7 million. Bengal's ATP 934 exploration project and development PLs [...]
Bengal Energy Ltd. today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2020. FISCAL YEAR END & FOURTH QUARTER 2020 HIGHLIGHTS: The following is an overview of the financial and operational results during the three and twelve month periods ended March 31, 2020: Financial Summary: Sales Revenue - Crude oil sales revenue was $1.1 million in the fourth quarter of [...]
Bengal Energy Ltd. today announces its financial results for the third quarter of fiscal 2020 ended December 31, 2019. THIRD QUARTER FISCAL 2020 SUMMARY: The following is an overview of the financial and operational results during the three and nine month periods ended December 31, 2019: Financial Summary: ● Sales Revenue - Crude oil sales revenue was $2.4 million in the third quarter of fiscal 2020, which is 20% higher than the $2.0 million recorded in Q3 fiscal 2019. Higher sales volume in Q3, fiscal 2020 compared to Q3 fiscal 2019 was the main driver for the improved revenue performance despite a lower weighted average US Brent price. ● Hedging - The Company's credit facility requires that a minimum of 50% of oil production be hedged forward by a minimum of 12 ... [...]
Bengal Energy Ltd. today announces its financial results for the second quarter of fiscal 2020 ended September 30, 2019. SECOND QUARTER FISCAL 2020 SUMMARY: The following is an overview of the financial and operational results during the three month period ended September 30, 2019: Financial Summary: Acquisition: - On September 12, 2019, the Company signed a purchase sales agreement for the previously announced [...]
Bengal Energy Ltd. is pleased to announce that the nominees listed in the information circular - proxy statement dated August 19, 2019 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 September 18, 2019 in Calgary, Alberta are set out below. Election of Directors On a vote by ballot, each of the following seven [...]
Bengal Energy Ltd. is pleased to announce that it has executed a binding Sale and Purchase Agreement to acquire a 100% working interest in four Petroleum Leases and a natural gas pipeline indirectly connected to transportation infrastructure into the Eastern Australia Gas Market. . These non-productive PLs are highly compatible with and in close proximity to Bengal's 100% owned and operated natural gas prospective permit [...]
Bengal Energy Ltd. today announces its financial results for the first quarter of fiscal 2020 ended June 30, 2019 FIRST QUARTER FISCAL 2020 SUMMARY: The following is an overview of the financial and operational results during the three month period ended June 30, 2019: Financial Summary: Sales Revenue - Crude oil sales revenue was $2.0 million in the first quarter of fiscal 2020, which is 39% lower than the $3.2 million [...]
Bengal Energy Ltd. today announces the initial production and fracture stimulation results of its 2019 drilling campaign within the Cuisinier Production License 303 on Authority to Prospect 752 Barta Block in the Cooper Basin, Queensland, Australia . Completion and connection operations of the wells drilled and fracture stimulated during the first half of calendar 2019 have now been completed. Before these new wells were [...]
Bengal Energy Ltd. announces that it has accepted the resignation of Mr. Gordon MacMahon as Vice President, Exploration. "On behalf of the Board and the Company, I would like to thank Gordon for his time and dedication to Bengal," stated Chayan Chakrabarty, President and Chief Executive Officer. "We wish him the very best in his future endeavors." The Company is in the process of evaluating replacement candidates based on [...]
Bengal Energy Ltd. today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2019 and the results of its independent reserve evaluation for the year ended March 31, 2019 as prepared by GLJ Petroleum Consultants Ltd. . Despite pricing volatility and a year of minimal development activity, fiscal 2019 saw overall improved sales revenue from the Company's core light oil [...]
Bengal Energy Ltd. today announces the results of its 2019 drilling campaign that commenced in February 2019 and consisted of four development wells and one appraisal well within the Cuisinier Production License 303 on Authority to Prospect 752, Barta Block . Development Drilling: Two of the four development wells, Cuisinier 29 and Cuisinier 30 were located on the northwest side of the Cuisinier pool close to production [...]
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