Bengal Energy Ltd.

Bengal Energy Ltd. announces that it has entered into an amendment to its secured credit facility with the Australian based Westpac Institutional Bank , which includes a 14 month deferral of all principal payments on the Credit Facility. Pursuant to the Amendment, the Credit Facility has a new maturity date of February 15, 2020 and provides the continuance of the borrowing base of US$12.5 million, of which the full amount [...]

Bengal Energy Ltd. today announces its development program for 2019 and financial results for the second quarter of fiscal 2019 ended September 30, 2018. CALENDAR 2019 DEVELOPMENT FORECAST: 2019 Drilling Program – Bengal and its joint venture partners on the ATP 752 Barta Block will participate in a six well drilling program in the Cuisinier oil field commencing in Q2 2019 targeting high graded targets for [...]

Bengal Energy Ltd. is pleased to announce that the nominees listed in the information circular – proxy statement dated August 20, 2018 were elected as directors of Bengal. The detailed results of the vote for the election of directors held at its annual meeting of shareholders on September 27, 2018 in Calgary, Alberta are set out below. Election of Directors On a vote by ballot, each of the following seven nominees [...]

Bengal Energy Ltd. announces that the Company and its joint venture partners have successfully completed a three well hydraulic stimulation program in the Cuisinier oil field on ATP 752 Barta Block . Hydraulic Stimulation The frac program has exceeded Bengal’s technical and commercial expectations. The frac program targeted Cuisinier North-1, Shefu-1 and Cuisinier-24. Prior to the frac program, the aggregate gross [...]

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 [...]