Press Release Archive

2021

Bengal Energy Announces Cuisinier Oil Field Water Injection Program Commencement

November 30, 2021

Calgary, Alberta--(Newsfile Corp. - November 30, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ("C24") 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 ...
Bengal Energy Announces Fiscal 2022 Second Quarter Results

November 04, 2021

Calgary, Alberta--(Newsfile Corp. - November 4, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 - ...
Bengal Energy Ltd. Announces Legbar-1 Exploration Well Update

October 14, 2021

Calgary, Alberta--(Newsfile Corp. - October 14, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces that drilling of the Legbar-1 exploration well (the "Legbar-1 Well") operated by Bengal's farm-in partner Santos QNT Pty Ltd ("Santos") and located in a 420 square kilometers (104,000 acres) block (the "Santos Farm-in Block") in the southern portion of Authority to Prospect 934 ("ATP 934"), has been completed. Data indicated that the Legbar-1 Well intersected good ...
Bengal Energy Ltd. Announces Commencement of Drilling of the High-Impact Santos Operated Legbar Farm-in Well in the Cooper Eromanga Basin

October 05, 2021

Calgary, Alberta--(Newsfile Corp. - October 5, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that it has been informed by its farm-in partner Santos QNT Pty Ltd ("Santos") of the spudding of its Legbar farm-in well (the "Legbar Well") on October 5, 2021. The farm-in agreement between Bengal and Santos (the "Farm-in Agreement") covers a portion of Bengal's 100% owned ATP 934 oil and gas exploration tenement in ...
Bengal Energy Ltd. Announces Election of Directors

September 28, 2021

Calgary, Alberta--(Newsfile Corp. - September 28, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal") is pleased to announce that the nominees listed in the information circular - proxy statement dated August 24, 2021 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 28, 2021 in Calgary, Alberta are set out below.Election of DirectorsOn a vote by ballot, each ...
Bengal Energy Announces Operational Update for Its Expanded Development and Exploration Programs

September 13, 2021

Calgary, Alberta--(Newsfile Corp. - September 13, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update on its planning for the natural gas and oil development program on its 100% working interest in the Wareena, Ghina, Karnak and Ramses Petroleum Leases ("PLs"), as well as the re-entry and fracture stimulation of its 100%-owned Caracal well on ATP 732 in its Cooper Basin operating area. In addition, the Company ...
Bengal Announces AGM Details and Board of Directors Renewal

August 26, 2021

Calgary, Alberta--(Newsfile Corp. - August 26, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update respecting its Annual General Meeting of shareholders (the "Meeting") and upcoming changes to the board of directors (the "Board") of the Company.Meeting DetailsBengal will hold the Meeting on Tuesday, September 28, 2021 at 10:00 a.m. (Calgary time) in the Main Floor Conference Centre at 715 - 5th Avenue S.W., Calgary, Alberta. The ...
Bengal Announces Operational Update for its Expanded Development Program

August 23, 2021

Calgary, Alberta--(Newsfile Corp. - August 23, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") announces its plan for the natural gas and oil development program on its 100% working interest in the Wareena, Ghina, Karnak and Ramses Petroleum Leases ("PLs") in its Cooper Basin operating area.In readiness for this program, the Company is pleased to announce that it has signed formal service contracts with Ago Vires Pty Ltd as principal contractor operating ...
Bengal Energy Announces Fiscal 2022 First Quarter Results

August 10, 2021

Calgary, Alberta--(Newsfile Corp. - August 10, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial and operating results for the first quarter of fiscal 2022 ended June 30, 2021. FIRST QUARTER FISCAL 2022 HIGHLIGHTS: The following is an overview of the financial and operational results during the three month period ended June 30, 2021. All amounts are in Canadian funds, unless otherwise noted: Financial Summary: Sales ...
Bengal Energy Announces Fourth Quarter and Fiscal 2021 Year End Results

June 21, 2021

Calgary, Alberta--(Newsfile Corp. - June 21, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2021. FISCAL YEAR END & FOURTH QUARTER 2021 HIGHLIGHTS: The following is an overview of the financial and operational results during the three and twelve month periods ended March 31, 2021. All amounts are in Canadian funds, ...
Bengal Announces Corporate Video Presentation

May 25, 2021

Calgary, Alberta--(Newsfile Corp. - May 25, 2021) - Bengal Energy Ltd. (TSX: BNG) (the "Company") is pleased to announce our Company Corporate Video Presentation which can be viewed through the following link: https://bengalenergy.ca/wp-content/uploads/Bengal Presentation FINAL 2021.05.mp4.About BengalBengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal's common shares trade on ...
Bengal Announces Latest Corporate Presentation

April 21, 2021

Calgary, Alberta--(Newsfile Corp. - April 21, 2021) - Bengal Energy Ltd. (TSX: BNG) (the "Company") is pleased to announce our latest Corporate Presentation, which can be viewed through the following link: https://bengalenergy.ca/wp-content/uploads/2021/04/Bengal-Energy-Management-Presentation-2021.04.21.pdfAbout BengalBengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal's common shares trade on the TSX under the symbol "BNG". ...
Bengal Announces Stock Option Grant

March 22, 2021

Calgary, Alberta--(Newsfile Corp. - March 22, 2021) - Bengal Energy Ltd. (TSX: BNG) (the "Company") announces that it has issued an aggregate of 11,340,000 options to purchase common shares of the Company pursuant to its Stock Option Plan. The options were granted on March 19, 2021 to employees, officers and directors of the Company and have an exercise price of $0.08/share, being the closing price of the Company's common shares on the TSX on ...
Bengal Announces Executive Changes

March 05, 2021

Calgary, Alberta--(Newsfile Corp. - March 5, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") announces that Mr. Matt Moorman has tendered his resignation as Chief Financial Officer of Bengal, effective March 4, 2021, to pursue other opportunities."We appreciate Matt'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.With the departure of Mr. Moorman, Bengal has appointed Mr. ...
Bengal Energy Announces Closing of Private Placement and Debt Settlement

February 26, 2021

Calgary, Alberta--(Newsfile Corp. - February 26, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement ("Private Placement") of common shares in the capital of the Company ("Common Shares") to Texada Capital Management Ltd. ("Texada"). Bengal is also pleased to announce the closing of the transactions contemplated by the debt settlement agreement (the "Debt Settlement") with its senior secured lender Westpac ...
Bengal Energy Provides Update on Debt Settlement and Equity Financing

February 19, 2021

Calgary, Alberta--(Newsfile Corp. - February 19, 2021) -  Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update with respect to its previously announced debt settlement transaction (the "Debt Settlement") and concurrent private placement. Bengal has now received formal written notification from the Australian Foreign Investment Review Board that it will not object to the Private Placement. As previously announced, the Toronto Stock Exchange (the "TSX") has conditionally approved ...
Bengal Energy Announces Fiscal 2021 Third Quarter Results and Subsequent Event Notice

February 12, 2021

Calgary, Alberta--(Newsfile Corp. - February 12, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial results for the third quarter of fiscal 2021 ended December 31, 2020.Subsequent Event Notice As previously announced, Bengal has reached an agreement with its senior secured lender Westpac Banking Corporation ("Westpac") to settle all principal amounts outstanding under the credit facility (the "Credit Facility") and extinguish the debt owing to Westpac (the "Debt Settlement"). ...
Bengal Energy Announces Reliance on Financial Hardship Exemption in Connection with Private Placement and Debt Settlement

February 01, 2021

Calgary, Alberta--(Newsfile Corp. - February 1, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce further details with respect to its previously announced non-brokered private placement ("Private Placement") of common shares in the capital of the Company ("Common Shares") to Texada Capital Management Ltd. ("Texada"). Further to the Company's press release of Monday January 25, 2021, Bengal has entered into a subscription agreement with Texada whereby Texada has agreed ...
Bengal Energy Announces Debt Settlement and Equity Financing

January 25, 2021

Calgary, Alberta--(Newsfile Corp. - January 25, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the execution of a binding agreement (the "Debt Settlement Agreement") with its senior secured lender Westpac Banking Corporation ("Westpac") in respect of the settlement all indebtedness and liabilities owing by Bengal's wholly owned subsidiary Bengal Energy (Australia) Pty Ltd. ("Bengal Pty") to Westpac under its secured credit facility (the "Facility"). Bengal is also pleased ...
Bengal Energy Announces Operations Update

January 19, 2021

Calgary, Alberta--(Newsfile Corp. - January 19, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update on ongoing operational matters.Water Injection Pilot - The Cuisinier pilot project is scheduled to commence active water injection in late January 2021. This program is designed to begin increasing pressure in the pool and thereby increase the expected oil recovery in both productivity and reserves. As injected volumes ramp up the project ...

2020

Bengal Energy Announces Fiscal 2021 Second Quarter Results

November 24, 2020

Calgary, Alberta--(Newsfile Corp. - November 24, 2020) -  Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial results for the second quarter of fiscal 2021 ended September 30, 2020.SECOND QUARTER FISCAL 2021 SUMMARY: The following is an overview of the financial and operational results during the three month period ended September 30, 2020: Financial Summary: Sales Revenue - Crude oil sales revenue was $1.3 million in the second quarter of fiscal ...
Bengal Energy Announces Credit Facility Amendment

October 09, 2020

Calgary, Alberta--(Newsfile Corp. - October 9, 2020) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that on September 30,2020 Westpac Institutional Bank and the Company executed an agreement to extend the maturity date of the Company's bank debt of US$ 12.4 million to February 28, 2021. The Company will continue to discuss with its lender a long term solution to recapitalize its credit facility."About Bengal Bengal Energy Ltd. ...
Bengal Energy Ltd. Announces Election of Directors

September 25, 2020

Calgary, Alberta--(Newsfile Corp. - September 25, 2020) - Bengal Energy Ltd. (TSX: BNG) ("Bengal") is pleased to announce that the nominees listed in the information circular - proxy statement dated August 24, 2020 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 23, 2020 in Calgary, Alberta are set out below.Election of DirectorsOn a vote by ballot, each ...
Bengal Energy Announces Fiscal 2021 First Quarter Results

August 13, 2020

Calgary, Alberta--(Newsfile Corp. - August 13, 2020) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ...
Bengal Energy Ltd. and Santos Agree to Farmin Terms and the Drilling of a High Impact Exploration Well in Cooper Eromanga Basin

July 28, 2020

Calgary, Alberta--(Newsfile Corp. - July 28, 2020) -  Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce it has agreed the terms of a Farmin Agreement with Santos QNT Pty Ltd. ("Santos") 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 ...
Bengal Energy Announces Fourth Quarter and Fiscal 2020 Year End Results

June 25, 2020

Calgary, Alberta--(Newsfile Corp. - June 25, 2020) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ...
Bengal Energy Announces Fiscal 2020 Third Quarter Results

February 13, 2020

Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ...

2019

Bengal Energy Announces Fiscal 2020 Second Quarter Results

November 12, 2019

Calgary, Alberta--(Newsfile Corp. - November 12, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ...
Bengal Energy Ltd. Announces Election of Directors

September 18, 2019

Calgary, Alberta--(Newsfile Corp. - September 18, 2019) -  Bengal Energy Ltd. (TSX: BNG) ("Bengal") 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 DirectorsOn a vote by ...
Bengal Energy Announces Signing of a Binding Sales and Purchase Agreement for the Acquisition of Petroleum Leases Complementary to its 100% Owned and Operated ATP 934 Barrolka Permit - Cooper Basin, Queensland, Australia

September 12, 2019

Calgary, Alberta--(Newsfile Corp. - September 12, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that it has executed a binding Sale and Purchase Agreement to acquire a 100% working interest in four Petroleum Leases ("PLs") and a natural gas pipeline indirectly connected to transportation infrastructure into the Eastern Australia Gas Market. (collectively, the "Assets"). These non-productive PLs are highly compatible with and in close proximity to Bengal's 100% ...
Bengal Energy Announces Fiscal 2020 First Quarter Results

August 12, 2019

Calgary, Alberta--(Newsfile Corp. - August 12, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial results for the first quarter of fiscal 2020 ended June 30, 2019FIRST 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, ...
Bengal Announces Initial Production Results From 2019 Cuisinier Drilling Campaign and Fracture Stimulation

July 23, 2019

Calgary, Alberta--(Newsfile Corp. - July 23, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 (Bengal's working interest is 30.357%).Completion and connection operations of the wells drilled (three wells) and fracture stimulated (two new wells and two existing wells) during ...
Bengal Announces Resignation of Vice President, Exploration

July 02, 2019

Calgary, Alberta--(Newsfile Corp. - July 2, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ...
Bengal Energy Announces Fourth Quarter and Fiscal 2019 Year End Financial, Operating and Reserve Results

June 25, 2019

Calgary, Alberta--(Newsfile Corp. - June 25, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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. ("GLJ"). Despite pricing volatility and a year of minimal development activity, fiscal 2019 saw overall improved sales ...
Bengal Announces Completion of 2019 Cuisinier Drilling Campaign

April 04, 2019

Calgary, Alberta--(Newsfile Corp. - April 4, 2019) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") 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 ("PL 303') on Authority to Prospect 752, Barta Block (Bengal's working interest is 30.357%).Development Drilling:Two of the four development wells, Cuisinier 29 and Cuisinier 30 were located on ...
Bengal Energy Announces Fiscal 2019 Third Quarter Results

February 13, 2019

CALGARY, Alberta, Feb. 13, 2019 -- Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial results for the third quarter of fiscal 2019 ended December 31, 2018. THIRD QUARTER FISCAL 2019 SUMMARY Financial Summary: Sales Revenue – Crude oil sales revenue was $2.0 million in Q3 fiscal 2019, which is 37% lower than the $3.2 million recorded in Q3 fiscal 2018 and 39% lower than Q2 ...

2018

Bengal Energy Announces Credit Facility Amendment and 2019 Drilling Program Update

November 19, 2018

CALGARY, Alberta, Nov. 19, 2018 -- Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) announces that it has entered into an amendment (the “Amendment”) to its secured credit facility (the “Credit Facility”) with the Australian based Westpac Institutional Bank (“Westpac”), 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 (the “New Maturity Date”) ...
Bengal Energy Announces Calendar 2019 Development Forecast Highlights and Fiscal 2019 Second Quarter Results

November 13, 2018

CALGARY, Alberta, Nov. 13, 2018 -- Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) 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 ...
Bengal Energy Ltd. Announces Election of Directors

September 27, 2018

CALGARY, Alberta, Sept. 27, 2018 -- Bengal Energy Ltd. (TSX: BNG) ("Bengal") 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 ...
Bengal Energy Announces Successful Cuisinier Well Stimulation, Waterflood and Development Program Updates

September 26, 2018

CALGARY, Alberta, Sept. 26, 2018 -- Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) announces that the Company and its joint venture partners have successfully completed a three well hydraulic stimulation program (“frac program”) in the Cuisinier oil field on ATP 752 Barta Block (Bengal’s working interest is 30.357%). 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 ...
Bengal Energy Announces Chookola-1 Exploration Well Update

September 21, 2018

CALGARY, Alberta, Sept. 21, 2018 -- Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces that drilling of the Chookola-1 exploration well, located in the Authority to Prospect 752 ("ATP 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 ...
Bengal Energy Announces Barta West Exploration Well

August 14, 2018

CALGARY, Alberta, Aug. 14, 2018 -- Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) 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 ...
Bengal Energy Announces Fiscal 2019 First Quarter Results

August 13, 2018

CALGARY, Alberta, Aug. 13, 2018 -- Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) 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 ...
Bengal Energy Announces Fourth Quarter and Fiscal 2018 Year End and Reserve Results

June 19, 2018

CALGARY, Alberta, June 19, 2018 -- Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") 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. ("GLJ"). FISCAL YEAR END & FOURTH QUARTER 2018 HIGHLIGHTS: The following is an overview of the ...
Bengal Energy Announces Credit Facility Amendment and Principal Deferral

March 22, 2018

CALGARY, Alberta, March 22, 2018 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces that it has successfully negotiated an amendment (the “Amendment”) to its secured credit facility (the “Credit Facility”) with the Australian based Westpac Institutional Bank (“Westpac”), 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 ...
Bengal Energy Announces Fiscal 2018 Third Quarter Results

February 13, 2018

CALGARY, Alberta, Feb. 13, 2018 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) 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 ...
Bengal Energy Announces Consolidation of 100% ownership of ATP 934 Barrolka Permit – Cooper Basin, Queensland Australia

January 23, 2018

CALGARY, Alberta, Jan. 23, 2018 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) is pleased to announce the acquisition of an additional 28.57% working interest in its operated natural gas prospective permit Authority to Prospect 934 (“ATP 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 ...
Bengal Energy Announces Executive Appointment

January 02, 2018

CALGARY, Alberta, Jan. 02, 2018 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces the appointment of Mr. Matthew Moorman as Chief Financial Officer (“CFO”) 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 and tax planning.  Previously, ...

2017

Bengal Energy Ltd. Provides Additional Details With Respect to Its Fully Subscribed Rights Offering

January 06, 2017

CALGARY, ALBERTA--(Jan. 6, 2017) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to provide additional details with respect to its previously announced rights offering which expired on December 28, 2016 (the "Rights Offering"). This news release is supplemental to the news release issued on December 29, 2016 announcing closing of the Rights Offering and contains insider participation details ...
Update to Acquisition of Common Shares of Bengal Energy Ltd.

January 09, 2017

CALGARY, ALBERTA--(Jan. 9, 2017) - NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Pursuant to the early warning requirements of applicable Canadian securities laws, and in connection with the rights offering (the "Rights Offering") of Bengal Energy Ltd. ("Bengal" or the "Company") which closed on December 29, 2016, Texada Capital Management Ltd. ("Texada"), a corporation controlled by William (Bill) Wheeler ...
Bengal Energy Announces Fiscal 2017 Third Quarter Results

February 08, 2017

CALGARY, ALBERTA--(Feb. 8, 2017) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the third quarter of fiscal 2017 ended December 31, 2016. "During the quarter Bengal successfully completed a rights offering that will fund our development program on the Barta Sub-Block" said Chayan Chakrabarty, President and CEO of Bengal. "This development program will add value with the completion and tie-in of the Cuisinier oil wells drilled ...
Bengal Energy Announces Exploration and Operational Update

May 04, 2017

CALGARY, ALBERTA--(May 4, 2017) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its exploration and operational update. EXPLORATION UPDATE: Natural Gas Demand In Australia, the significant increase in demand associated with newly commissioned liquefied natural gas ("LNG") export projects suggests that the Eastern Australia gas market will need significant new supply of natural gas in the medium term. The strong natural gas demand environment has continued to develop in ...
Bengal Energy Announces Cuisinier Field Commercial Update

May 08, 2017

CALGARY, Alberta, May 08, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) today announces a commercial update on its Cuisinier Field. ATP 752 BARTA BLOCK/CUISINIER FIELD: Commercial Effective April 1, 2017 Bengal has executed a new Crude Oil Sale and Purchase Agreement (“COSPA”) with the South Australia Cooper Basin Joint Venture to which Bengal sells the majority of its oil production.  The new COSPA has improved pricing over previous levels based on ...
Bengal Energy Announces Fourth Quarter and Fiscal 2017 Year End and Reserve Results

June 16, 2017

CALGARY, Alberta, June 16, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2017 and the results of its independent reserve evaluation for the year ended March 31, 2017 as prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). FISCAL YEAR END & FOURTH QUARTER 2017 HIGHLIGHTS: The following is an overview of the ...
Bengal Energy Announces Fiscal 2018 First Quarter Results

August 11, 2017

CALGARY, Alberta, Aug. 11, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) today announces its financial and operating results for the first quarter of fiscal 2018 ended June 30, 2017. FISCAL Q1 2018 HIGHLIGHTS: The following is an overview of the financial and operational results during the three-month period ended June 30, 2017: Financial Highlights: Sales Revenue – Crude oil sales revenue was $2.3 million in ...
Bengal Energy Announces Resignation Of Chief Financial Officer

September 07, 2017

CALGARY, Alberta, Sept. 07, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) today announces that Mr. Jerrad Blanchard has tendered his resignation as Chief Financial Officer of Bengal, effective September 29, 2017, to pursue other opportunities. "We sincerely appreciate Jerrad's professionalism, commitment and contributions to our Company during the last three and one half years and we wish him the very best in his future endeavors," said Chayan Chakrabarty, President and ...
Bengal Energy Announces Executive Appointment

September 20, 2017

CALGARY, Alberta, Sept. 20, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces the appointment of Mr. Scott Megaffin, CA, CFA as Chief Financial Officer of the Company, effective September 29, 2017. Mr. Megaffin brings to Bengal a strong technical background, coupled with hands-on experience in all aspects of corporate finance, business development, and capital markets for public companies.  Previously, Mr. Megaffin served as the manager of Business Development and Budgeting ...
Bengal Energy Ltd. Announces Election of Directors

September 20, 2017

CALGARY, Alberta, Sept. 20, 2017 -- Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce that the nominees listed in the information circular – proxy statement dated August 22, 2017 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 20, 2017 in Calgary, Alberta are set out below. Election of Directors On a vote by ...
Bengal Energy Announces Credit Facility Renewal and Extension

September 27, 2017

CALGARY, Alberta, Sept. 27, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) announces that it has successfully negotiated an extension of its secured credit facility (the “Credit Facility”) with Westpac Institutional Bank (“Westpac”).  The Credit Facility has been extended to December 31, 2019 and provides a borrowing base of US$12.5 million of which the full amount is currently drawn. The Credit Facility derives its borrowing capacity based on the Company’s independently ...
Bengal Energy Announces Fiscal 2018 Second Quarter Results

November 08, 2017

CALGARY, Alberta, Nov. 08, 2017 -- 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: Credit Facility Update - On September 25, 2017, the Company extended ...
Bengal Energy Announces Resignation Of Chief Financial Officer

December 18, 2017

CALGARY, Alberta, Dec. 18, 2017 -- Bengal Energy Ltd. (TSX:BNG) (“Bengal” or the “Company”) 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 search for a ...

2016

Bengal Energy Announces Successful Cuisinier Well Stimulation Program and Provides Operations Update

January 27, 2016

CALGARY, ALBERTA--(Jan. 27, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Company and its joint venture parties have successfully completed the previously announced hydraulic stimulation program on ATP 752 Barta Block (Bengal's working interest is 30.357%). The hydraulic stimulation campaign has exceeded Bengal's technical and commercial expectations. Four of the five wells have now been placed back into production demonstrating an aggregate incremental rate of over 200 gross barrels of ...
Bengal Energy Announces Fiscal 2016 Third Quarter Results

February 10, 2016

CALGARY, ALBERTA--(Feb. 10, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the third quarter of fiscal 2016 ended December 31, 2015. "Bengal, like many of our peers, faced a challenging oil price environment during the third quarter. However despite the low price, we realized solid netbacks of approximately CDN $28 per bbl, when factoring in the contributions from our hedging program," said Chayan Chakrabarty, President ...
Bengal Energy Announces Corporate Reserves as at March 31, 2016

May 03, 2016

CALGARY, ALBERTA--(May 3, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces the results of its independent reserve evaluation for the year ended March 31, 2016 as prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). The Company's annual audit of its financial statements is not yet complete and accordingly all financial amounts referred to in this press release are estimates and are subject to revision. Complete reserves disclosure will be included in Bengal's ...
Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results

June 17, 2016

CALGARY, ALBERTA--(June 17, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2016. "In Fiscal 2016, Bengal continued to focus on growing reserves, reducing costs and improving financial flexibility. Operationally and financially, I am pleased with the progress Bengal made over the past year, despite the challenging commodity price environment," said Chayan Chakrabarty, Bengal's President and ...
Bengal Energy Commences 2016 Drilling Campaign in Australia's Cooper Basin

July 26, 2016

CALGARY, ALBERTA--(July 26, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces that the Company and its joint venture parties have commenced the 2016 drilling campaign on ATP 752 Barta Block in the Cooper Basin, Australia (Bengal's working interest is 30.357%). The program consists of five wells within Petroleum Lease ("PL") 303 at the Cuisinier field comprised of four development/ appraisal locations and one near field exploration well. Three of the ...
Bengal Energy Announces Fiscal 2017 First Quarter Results

August 11, 2016

CALGARY, ALBERTA--(Aug. 11, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the first quarter of fiscal 2017 ended June 30, 2016. "Although the commodity price environment continues to challenge global exploration and production companies, we remain pleased with Bengal's operational and financial progress through the first quarter of fiscal 2017," said Chayan Chakrabarty, President and CEO of Bengal. "Our active hedging program continues to realize ...
Bengal Energy Announces Credit Facility Renewal and Extension

August 25, 2016

CALGARY, ALBERTA--(Aug. 25, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that it has successfully negotiated an extension of its secured credit facility with Westpac Institutional Bank ("Westpac"). The revised facility has been extended to December 31, 2018 and provides a borrowing base of US$15 million of which US$12.5 million is currently drawn. The Westpac credit facility derives its borrowing capacity based on the Company's independently evaluated proven reserves profile, which form ...
Bengal Energy Announces Exploration Discovery in Australia

September 09, 2016

CALGARY, ALBERTA--(Sept. 9, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that the first four wells of the Cuisinier 2016 five well drilling campaign have been cased as future oil producers in the Murta horizon. The most recent well, Shefu-1, was drilled as a near field exploration well situated on the western flank of the Cuisinier Petroleum Lease 303 ("PL 303"), approximately 3.6 kilometers west of the nearest ...
Bengal Energy Ltd. Announces Election of Directors

September 20, 2016

CALGARY, ALBERTA--(Sept. 20, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce that the nominees listed in the information circular - proxy statement dated August 19, 2016 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 20, 2016 in Calgary, Alberta are set out below. Election of Directors On a vote by ballot, ...
Bengal Energy Announces Fiscal 2017 Second Quarter Results

November 10, 2016

CALGARY, ALBERTA--(Nov. 10, 2016) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the second quarter of fiscal 2017 ended September 30, 2016. "We are extremely pleased with the results from our five well 2016 Cuisinier drilling program," said Chayan Chakrabarty, President and CEO of Bengal. "We have successfully expanded the Cuisinier pool area with our Shefu-1 exploration well and added to our foundation for future production ...
Bengal Energy Ltd. Announces Rights Offering

November 23, 2016

CALGARY, ALBERTA--(Nov. 23, 2016) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce it has filed today a rights offering circular (the "Rights Offering Circular") and related notice of rights offering (the "Notice of Rights Offering") with the securities regulatory authorities in each of the provinces and territories of Canada in connection an offering (the "Rights Offering") ...
Acquisition of Rights of Bengal Energy Ltd.

December 02, 2016

CALGARY, ALBERTA--(Dec. 2, 2016) - NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW Pursuant to the early warning requirements of applicable Canadian securities laws, and in connection with the rights offering (the "Rights Offering") of Bengal Energy Ltd. ("Bengal" or the "Company") announced on November 23, 2016, Texada Capital Management Ltd. ("Texada"), a corporation controlled by William (Bill) Wheeler ("Mr. ...
Bengal Energy Ltd. Announces Completion of Fully Subscribed Rights Offering

December 29, 2016

CALGARY, ALBERTA--(Dec. 29, 2016) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWS WIRE SERVICES Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Corporation") is pleased to announce that it has completed its previously announced rights offering which expired on December 28, 2016 (the "Rights Offering"). The Rights Offering was fully subscribed and resulted in aggregate gross proceeds to Bengal of $4,090,667.76 and the issuance of 34,088,898 common shares ("Common Shares") ...
Acquisition of Common Shares of Bengal Energy Ltd.

December 30, 2016

CALGARY, ALBERTA--(Dec. 30, 2016) - NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Pursuant to the early warning requirements of applicable Canadian securities laws, and in connection with the rights offering (the "Rights Offering") of Bengal Energy Ltd. ("Bengal" or the "Company") which closed on December 29, 2016, Texada Capital Management Ltd. ("Texada"), a corporation controlled by William (Bill) Wheeler ...

2015

Bengal Energy Announces Redemption of 10% Non-Convertible Notes

January 21, 2015

CALGARY, ALBERTA--(Jan. 21, 2015) - NOT FOR RELEASE OVER U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S. Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the redemption of the $1.75 million principal amount of the Company's 10% outstanding unsecured non-convertible redeemable notes (the "Notes"). Bengal has issued a notice of redemption to holders of the Notes pursuant to which Bengal has redeemed the Notes, effective today (the "Redemption Date"), ...
Bengal Energy Announces Third Quarter Fiscal 2015 Results

February 12, 2015

CALGARY, ALBERTA--(Feb. 12, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announced today its financial and operating results for the third fiscal quarter of 2015 (period ended December 31, 2014). FISCAL Q3 2015 HIGHLIGHTS: During the Company's third fiscal quarter of 2015, Bengal continued to execute its growth strategy with the drilling of six wells in its Phase Two drilling program at its Cuisinier asset in the Cooper Basin, ...
William (Bill) Wheeler Acquires Securities of Bengal Energy Ltd.

April 10, 2015

CALGARY, ALBERTA--(April 10, 2015) - William (Bill) Wheeler ("Mr. Wheeler"), directly and indirectly, has acquired ownership or control of 57,000 common shares of Bengal Energy Ltd. ("Bengal"), representing approximately 0.08% of the total issued and outstanding common shares of Bengal, through the facilities of the Toronto Stock Exchange in reliance on the normal course purchase exemption set out in Section 4.1 of Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids. As a result, ...
Bengal Energy Provides Cuisinier Operations Update

May 04, 2015

CALGARY, ALBERTA--(May 4, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Company and its joint venture parties ("JV") have completed the Phase Two drilling campaign on ATP 752 Barta Block (Bengal's working interest 30.357%). Average gross production from the Cuisinier field in March 2015, prior to the tie-in of the new Phase Two wells and the reactivation of the Cuisinier-6 well, was approximately 1,653 barrels of oil per day ("bopd") ...
Bengal Energy Reports Significant Increases in Year End Fiscal 2015 Reserves and Value

June 19, 2015

CALGARY, ALBERTA--(June 19, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces significant increases in the net present value and volume of its reserves following the completion of its fiscal 2015 year-end independent reserves report (the "Report"). The Report is issued following an independent evaluation of the Company's producing oil and gas properties by GLJ Petroleum Consultants Ltd. ("GLJ") of Calgary, Alberta effective March 31, 2015. The Company's reserves were evaluated by GLJ ...
Bengal Energy Announces Strong Fourth Quarter and Fiscal 2015 Year End Results and Significant 2P Reserves Additions

June 22, 2015

CALGARY, ALBERTA--(June 22, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2015. "We are pleased with the results from our Cuisinier drilling program this year," said Chayan Chakrabarty, Bengal's President and CEO. "We have added to our production base, successfully expanded the pool area thus providing an excellent foundation for future production and reserve ...
Bengal Energy Announces Fiscal 2016 First Quarter Results

August 12, 2015

CALGARY, ALBERTA--(Aug. 12, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the first quarter of fiscal 2016 ended June 30, 2015. "Notwithstanding the difficult commodity price environment that global exploration and production companies are facing, we are very pleased with Bengal's operational and financial progress in the first quarter of fiscal 2016," said Chayan Chakrabarty, President and CEO of Bengal. "We continued to realize gains ...
Bengal Energy Ltd. Announces Election of Directors

September 22, 2015

CALGARY, ALBERTA--(Sept. 22, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce that the nominees listed in the management proxy circular dated August 21, 2015 were elected as directors of Bengal. The detailed results of the vote for the election of directors held at its annual general meeting of shareholders on September 22, 2015 in Calgary, Alberta are set out below. Election of Directors On a vote by ballot, each of ...
Bengal Energy Announces Fiscal 2016 Second Quarter Results

November 13, 2015

CALGARY, ALBERTA--(Nov. 13, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces its financial and operating results for the second quarter of fiscal 2016 ended September 30, 2015. "Bengal delivered a solid quarter of results despite the challenging oil price environment. Our continuing resilience is highlighted by our growing production base at Cuisinier, which provided the Company with stable funds flow in the first half of fiscal 2016," said Chayan Chakrabarty, President ...

2014

Bengal Energy Announces Drilling Results of Tangalooma-1 at Tookoonooka in Australia's Cooper Basin

January 02, 2014

CALGARY, ALBERTA--(Jan. 2, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that Beach Energy Ltd. ("Beach") has completed drilling operations at Tangalooma-1, the first of two fully funded exploration wells to be drilled in Bengal's Tookoonooka block within Australia's Cooper Basin under the Beach joint venture (the "JV"). The well failed to define a commercial hydrocarbon accumulation and has been plugged and abandoned. Under the terms of the JV, Beach will ...
Bengal Energy Announces Extension of Maturity Date of $1.75 Million Private Placement Non-Convertible Notes

January 24, 2014

CALGARY, ALBERTA--(Jan. 24, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces that it has agreed with the holders of Bengal's $1,750,000 aggregate principal amount of non-convertible notes ("Non-Convertible Notes") to extend the term of the Non-Convertible Notes from January 24, 2014 to January 24, 2015 and to provide the holders with the right to demand repayment on at least 15 business days prior written notice to Bengal. All of the Non-Convertible ...
Bengal Energy Announces Third Quarter Fiscal 2014 Results

February 12, 2014

CALGARY, ALBERTA--(Feb. 12, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce its financial and operating results for the third fiscal quarter of 2014 (period ended December 31, 2013). In the quarter, Bengal advanced several key developments which contributed to the Company's continued growth strategy. Bengal recorded another profitable quarter driven by stable Australian production volumes and high netbacks from its ultra-light, large oil in place producing Cuisinier property. All ...
Acquisition of Common Shares of Bengal Energy Ltd.

February 27, 2014

CALGARY, ALBERTA--(Feb. 27, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.William (Bill) Wheeler, a director of Bengal Energy Ltd. (the "Company"), reports that in February 2014, Mr. Wheeler directly and indirectly acquired ownership or control over an additional 1,534,500 common shares (the "Common Shares") of the Company. The purchases were made throughout February 2014 in the open market under ...
Bengal Energy Announces Largest Drilling Campaign in Company History and Operational Update

March 31, 2014

CALGARY, ALBERTA--(March 31, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the commencement of the largest drilling campaign in the Company's history, with 15 wells planned to be drilled over the next 12 months. Bengal also provides details about this drilling program and an update on its ongoing operations in both Australia and India. Operational Update A summary of the drilling program and upcoming milestones in both Australia and ...
Bengal Energy Announces 100% Success Rate in Cuisinier Phase One Development Drilling Program and Provides Operational Update

May 14, 2014

CALGARY, ALBERTA--(May 14, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to provide an operational update, including details of the Company's recent successful Phase One drilling campaign at its Cuisinier ultra-light oil property situated within the Barta Sub Block (ATP 752) in Australia's Cooper Basin. Cuisinier, Australia From late March to early May, 2014, Bengal carried out the first of its two-phase development and appraisal drilling campaign in Cuisinier ...
Bengal Energy Reports Significant Increases in Year End Fiscal 2014 Reserves and Value

May 20, 2014

Before Tax Proved plus Probable Reserves Value Equates to More Than Double the Company's Current Enterprise Value CALGARY, ALBERTA--(May 20, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce significant increases in the net present value and volume of its reserves following the completion of its fiscal 2014 year-end independent reserves report (the "Report"). The Report is the result of an independent evaluation of the Company's producing oil and gas ...
Bengal Energy Announces Term Sheet for a US$20 Million Secured Credit Facility and Provides 2014 Cuisinier Exploration Program Update

May 27, 2014

CALGARY, ALBERTA--(May 27, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that it has signed an indicative term sheet for a US $20.0 million secured credit facility (the "Facility") with a leading Australian commercial bank (the "Lender"), and provides an update on its Cuisinier exploration program. US $20 Million Secured Credit Facility The Facility contemplates a borrowing base of up to US $20 million, over a three year ...
Bengal Energy Announces Drilling Results of Koki Exploration Well in Australia's Cooper Basin

June 13, 2014

CALGARY, ALBERTA--(June 13, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Barta Block joint venture, in which the Company holds a 30.4% working interest, has completed drilling operations at Koki-1 (the "Koki-1 Well"), the first of two planned exploration wells to be drilled in Bengal's Cuisinier ("ATP") 752P Barta Sub Block within Australia's Cooper Basin. The Koki-1 Well failed to define a commercial hydrocarbon accumulation and has been plugged and ...
Bengal Energy Announces Fourth Quarter and Record Fiscal 2014 Year End Results

June 16, 2014

CALGARY, ALBERTA--(June 16, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce its financial and operating results for the fourth quarter and full year fiscal 2014 results (periods ended March 31, 2014). FISCAL YEAR END & FOURTH QUARTER 2013 HIGHLIGHTS: 2014 was a successful period for Bengal, evidenced by the continued growth in our production, reserves and revenue, as well as the achievement of several important milestones which further advance ...
Bengal Energy Announces Passing of Director

July 07, 2014

CALGARY, ALBERTA--(July 7, 2014) - Bengal Energy Ltd. (TSX:BNG)("Bengal" or the "Company") announces with much regret and profound sadness the sudden passing this weekend of Stephen Inbusch, a director of the Company. Mr. Inbusch had been with Bengal since 2012 and was a valued member of the board of directors. He will be missed.
Bengal Energy Announces First Quarter Fiscal 2015 Results

August 12, 2014

CALGARY, ALBERTA--(Aug. 12, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces its financial and operating results for the first fiscal 2015 quarter ended June 30, 2014. FISCAL Q1 2015 HIGHLIGHTS: During the first quarter of the Company's fiscal 2015 year, Bengal continued its development strategy, resulting in the successful drilling of four light oil wells in the Company's Cuisinier asset in the Cooper Basin, Australia. With the positive results coming from ...
Bengal Energy Announces a US $25 Million Secured Credit Facility

August 14, 2014

Calgary, Alberta – Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) is pleased to announce that it has agreed on final credit approved terms for its US $25.0 million secured credit facility (the “Facility”) with Westpac Institutional Bank (“Westpac” or the “Lender”).  Bengal anticipates final closing of the Facility agreement to occur within the next three weeks subject to the satisfaction of the usual closing conditions, including a final due diligence review. The Facility contemplates ...
Bengal Energy Announces Annual and Special Meeting of Shareholders on December 18, 2014

September 29, 2014

CALGARY, ALBERTA--(Sept. 29, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announced today that its annual and special meeting of common shareholders will be held on Thursday, December 18, 2014 at 10:00 a.m. MST (12:00 p.m. EST) ("the Meeting"). Following the conclusion of formal business at the Meeting, President and CEO Chayan Chakrabarty will review Bengal's operations and strategy for investors. Meeting Location: The Sandman Hotel ...
Bengal Energy Announces Operational Update with Record Production and Expands Drilling Program

October 01, 2014

CALGARY, ALBERTA--(Oct. 1, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that four of the 2014 Phase One Cuisinier oil wells have been tied-in and are producing, resulting in an additional preliminary gross production rate of approximately 1,100 barrels of oil per day ("bopd") or 334 bopd net to Bengal. Bengal's current total net production is approximately 650 bopd from Cuisinier, representing an 80% increase over the first quarter ...
Bengal Energy Finalizes US $25 Million Secured Credit Facility and Announces Redemption of 10% Non-Convertible Notes

October 24, 2014

CALGARY, ALBERTA--(Oct. 24, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the closing of its US $25.0 million secured credit facility (the "Facility") with Westpac Institutional Bank. The Facility is secured by the Company's producing assets in the Cuisinier field in Australia's Cooper Basin over a three-year term. In advance of the initial draw, Bengal will initiate a program to hedge approximately 280,000 barrels of oil over the term ...
Bengal Energy Announces Second Quarter Fiscal 2015 Results and Adopts Advance Notice By-Law for Director Nominations

November 13, 2014

CALGARY, ALBERTA--(Nov. 13, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce its financial and operating results for the second fiscal 2015 quarter ended September 30, 2014. FISCAL Q2 2015 HIGHLIGHTS: During the Company's second fiscal quarter of 2015, Bengal continued to execute its growth strategy and realized significant increases to its production and secured funding to proceed with an expanded six to nine well Phase Two drilling program ...
Bengal Energy Announces Gas Discovery in Australia's Cooper Basin

December 08, 2014

CALGARY, ALBERTA--(Dec. 8, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Authority to Prospect ("ATP") 752P joint venture, in which the Company holds 30.4% and 38% working interests in the Barta and Wompi sub-blocks respectively, has completed the exploration drilling program Nubba-1 (in the Wompi sub-block) and Wicho East-1 (in the Barta sub-block). The ATP 752P exploration permit is located within Australia's Cooper Basin. New Natural Gas Discovery at ...
Bengal Energy Ltd. Announces Election of Directors

December 18, 2014

CALGARY, ALBERTA--(Dec. 18, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce that the nominees listed in the management proxy circular dated November 18, 2014 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 December 18, 2014 in Calgary, Alberta are set out below. Election of Directors On a vote by ballot, each of ...

2013

Bengal Energy Announces $3.5 Million Private Placement of Convertible and Non-Convertible Notes

January 21, 2013

/NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./CALGARY, Jan. 21, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") of $3.5 million of short-term, convertible and non-convertible notes. The Private Placement will assist the Company in accelerating its drilling schedule for Cuisinier, Tookoonooka and ...
Bengal Energy Announces Closing of its Previously Announced $3.5 Million Private Placement of Convertible and Non-Convertible Notes

January 25, 2013

/NOT FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./CALGARY, Jan. 25, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of $3.5 million of short-term, convertible and non-convertible notes. Members of the Board of Directors of the Company subscribed for approximately 85% of the ...
Bengal Energy Announces Fiscal Q3 2013 Results. Cuisinier field production hits 1,315 (net 328) barrels of oil per day from five wells

February 13, 2013

Cuisinier field production hits 1,315 (net 328) barrels of oil per day from five wells TSX: BNGCALGARY, Feb. 13, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the three and nine months ended December 31, 2012. The Company's drilling success in Australia and aggressive exploration and development program are expected to drive continued growth.FISCAL Q3 2013 HIGHLIGHTS:Cuisinier - Combined oil production exceeds initial estimates: ...
Bengal Energy Announces Commencement of the 2013 Cuisinier Development and Appraisal Well Drilling Campaign in the Cooper Basin, Australia

March 22, 2013

CALGARY, March 22, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that drilling operations on the Cuisinier 7 appraisal well ("Cuisinier 7"), the first well of the planned 2013 five-well development and appraisal drilling campaign, commenced on March 20, 2013. Cuisinier 7 is located on the Company's 25%-owned Barta sub-block of Authority to Prospect ("ATP") 752P. Cuisinier 7 is an immediate offset to the Cuisinier 6 well, which ...
Bengal Energy Announces $5.0 Million Brokered Private Placement

March 27, 2013

/NOT FOR DISSEMINATION IN THE UNITED STATES/CALGARY, March 27, 2013 - Bengal Energy Ltd. (TSX: BNG) (the "Company") is pleased to announce its intention to complete a brokered private placement of common shares ("Common Shares") pursuant to which the Company will raise up to C$5,000,000 (the "Offering") at a price to be determined in the context of the market. The Offering is being conducted on a "commercially reasonable best efforts" basis through a syndicate of ...
Bengal's Drilling Campaign Now 9 for 9 at Cuisinier in the Cooper Basin

April 04, 2013

CALGARY, April 4, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that Cuisinier 7, the first well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, is to be cased as a future oil producer.The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately 7.5 metres of ...
Bengal Energy Announces Pricing of its Previously Announced $5.0 Million Brokered Private Placemen

April 09, 2013

/NOT FOR DISSEMINATION IN THE UNITED STATES/CALGARY, April 9, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that it has priced its previously announced brokered private placement of common shares ("Common Shares").  Pursuant to the private placement the Company will issue up to 8,333,334 Common Shares at a price of $0.60 per share for aggregate gross proceeds of up to approximately C$5,000,000 (the "Offering").  The Offering is being ...
Bengal Energy Announces Closing of Brokered Private Placement

April 16, 2013

CALGARY, ALBERTA--(April 16, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES. Bengal Energy Ltd. (TSX:BNG) (the "Company") is pleased to announce that it has closed its previously announced brokered private placement (the "Offering") of common shares ("Common Shares"). Toll Cross Securities Inc. and National Bank Financial Inc. (together, the "Agents") acted as agents in respect of the Offering. Pursuant to the Offering, the Company issued a total of 9,500,666 Common Shares at a ...
Bengal Energy Extends Maturity Date of $1.75 Million Private Placement Non-Convertible Notes

April 18, 2013

CALGARY, April 18, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") announces that it has agreed with the holders of Bengal's $1,750,000 aggregate principal amount of non-convertible notes ("Non-Convertible Notes") to extend the term of the Non-Convertible Notes from July 24, 2013 to January 24, 2014.  As consideration for the extension of the maturity date, Bengal and the holders have also agreed that the interest rate payable under the Non-Convertible Notes will be ...
Bengal's Drilling Campaign Continues to Show 100% Success Rate - Now 10 for 10 at Cuisinier in the Cooper Basin

April 23, 2013

CALGARY, April 23, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 8 well ("Cuisinier 8"), the second well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block ("Barta sub-block") portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.The Cretaceous Murta member, DC70 sand was the primary target and the well ...
Bengal Energy Granted Petroleum Lease for ATP 752P in Australia; Cuisinier Production to Ramp up With Eight Oil Wells on Stream

April 25, 2013

CALGARY, April 25, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the Company has received the final grant of Petroleum Lease 303 ("PL 303") from the Queensland Government in Australia, allowing all eight Cuisinier oil wells to produce.Over the past month, oil production from the Cuisinier field has averaged approximately 1,100 barrels of oil per day ("bopd") (275 bopd net to Bengal) of 52 degree gravity oil ...
Bengal Drilling Campaign continues to show 100% Success Rate at Cuisinier in the Cooper Basin

May 06, 2013

CALGARY, May 6, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that Cuisinier 10 ("Cuisinier 10"), the third well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block ("Barta Block") portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately ...
Bengal Energy to Form Strategic Joint Venture with Beach Energy Ltd. for Cooper Basin Exploration and Development Program

May 23, 2013

Beach to fund 100% of an AUD$11.5 million drilling and 3D seismic program to earn 50%CALGARY, May 23, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that it has agreed to form a strategic joint venture (the "JV") for the exploration and development of its 100% owned Tookoonooka Block ("ATP 732") in the Cooper Basin of Australia with Beach Energy Ltd. ("Beach"), an Australian energy company (ASX: BPT).Highlights:Beach will ...
Bengal’s Drilling Campaign continues to show 100% Success Rate at Cuisinier in the Cooper Basin

May 24, 2013

CALGARY, May 24, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that Cuisinier 11 ("Cuisinier 11"), the fourth well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.The Cretaceous Murta member was the primary target, and Bengal's preliminary petrophysical analysis shows approximately 2.3 metres ...
Bengal’s Drilling Campaign continues 100% Success Rate at Cuisinier in the Cooper Basin

June 03, 2013

CALGARY, June 3, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that Cuisinier 9 ("Cuisinier 9"), the fifth well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.The Cretaceous Murta member was the primary target, and Bengal's preliminary petrophysical analysis shows 6.5 metres of ...
Bengal Energy announces commissioning of the Cuisinier to Cook pipeline and production update from Cuisinier oil wells in Cooper Basin, Australia

June 07, 2013

CALGARY, June 7, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces that the Cuisinier to Cook liquids pipeline located on the Barta sub-block ("Barta Block") of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin in Queensland, has now been commissioned and production from all eight Cuisinier oil wells has now commenced. Bengal has a 25% net interest in the 360,000 acre Barta Block. This is an important development ...
Bengal Energy Announces Year End Fiscal 2013 Results

June 17, 2013

CALGARY, June 17, 2013 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial and operating results for the fiscal year ended March 31, 2013. FISCAL YEAR END & FOURTH QUARTER 2013 HIGHLIGHTS: 2013 was an active and successful period for Bengal, evidenced by the continued growth in our production, reserves and revenue, as well as the achievement of several important milestones which further advance our progress and set ...
Bengal Energy Announces Agreement to Increase Interest in the Cuisinier Oil Field and Related Permit ATP 752P to 30.357%

June 26, 2013

CALGARY, June 26, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that it has exercised its pre-emptive right to purchase an additional 5.357% interest in the Cuisinier Oil Field and the Authority to Prospect ("ATP") 752P (the "Acquisition") in the Cooper-Eromanga Basin in Queensland, Australia, bringing the Company's total ownership to 30.357%.  The Cuisinier Oil Field has 13 successful light oil wells drilled to date, is connected by ...
Bengal Energy Announces $8.0 Million Private Placement to Fund Acquisition of Additional Interest in Cuisinier

July 04, 2013

CALGARY, July 4, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that it will be conducting a non-brokered private placement of 8,000 units ("Units") of the Company at a price of $1,000 per Unit for aggregate gross proceeds of $8.0 million (the "Private Placement"). The proceeds from the Private Placement will be used to fund the Company's previously announced exercise of a pre-emptive right to purchase an additional ...
Bengal Energy Announces Closing of $8.0 Million Private Placement

July 05, 2013

CALGARY, July 5, 2013 - Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement of 8,000 units ("Units") of the Company at a price of $1,000 per Unit for aggregate gross proceeds of $8.0 million (the "Private Placement").  The proceeds from the Private Placement will be used to fund the Company's previously announced purchase of an additional 5.357% interest in its key ...
Bengal Energy Announces Election by Insiders to Convert Convertible Notes

July 22, 2013

Calgary, Alberta – Bengal Energy (TSX: BNG) ("Bengal", or the "Company") is pleased to announce that certain insiders of the Company have elected to convert $1.5 million of short-term convertible notes (the “Convertible Notes”), into common shares (“Common Shares”) of Bengal at an exercise price of $0.56 per Common Share. The Convertible Notes were issued pursuant to a private placement of $3.5 million of both Convertible and non-convertible Notes (the “Notes”), of which insiders ...
Bengal Energy Announces First Quarter Fiscal 2014 Results

August 14, 2013

CALGARY, ALBERTA--(Aug. 14, 2013) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce its financial and operating results for the first fiscal 2014 quarter ended June 30, 2013. FISCAL Q1 2014 HIGHLIGHTS: During the first quarter of the Company's fiscal 2014 year, Bengal continued its current strategy, resulting in further growth in production and cash flow through the period. With the drilling success realized to date in the Company's Cuisinier ...
Bengal Energy Announces Record Production and Operational Update from Activities in Cooper Basin, Australia

August 28, 2013

CALGARY, ALBERTA--(Aug. 28, 2013) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces record production volumes along with an operational update from its activities in the Cooper Basin, Queensland, Australia. Production Volumes: Bengal is pleased to announce that during July 2013, 11 of the 14 wells in its Cuisinier area (PL 303) of the Cooper Basin were producing, and achieved average monthly gross production of 1,936 barrels of oil per day (b/d). ...
Bengal Energy Ltd. Announces Election of Directors

September 25, 2013

CALGARY, ALBERTA--(Sept. 25, 2013) - Bengal Energy Ltd. (TSX:BNG) ("Bengal") is pleased to announce that the nominees listed in the management proxy circular dated August 26, 2013 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 25, 2013 in Calgary, Alberta are set out below. Election of Directors On a vote by ...
Bengal Energy Announces Second Quarter Fiscal 2014 Results

November 13, 2013

Record Production & Cash Flow Result in Another Profitable Quarter CALGARY, ALBERTA--(Nov. 13, 2013) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce its financial and operating results for the second fiscal 2014 quarter ended September 30, 2013. FISCAL Q2 2014 HIGHLIGHTS: During the Company's second fiscal quarter of 2014 (period ended September 30, 2013), Bengal continued to successfully execute its growth strategy and realized significant increases to its ...
Bengal Energy Announces Executive Appointment

November 26, 2013

CALGARY, ALBERTA--(Nov. 26, 2013) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces the appointment of Mr. Jerrad Blanchard, CA as Chief Financial Officer (CFO), effective December 1, 2013. Mr. Blanchard brings to Bengal a strong technical background, coupled with hands-on experience in all aspects of corporate finance, financial reporting, implementation of controls and governance for a public company operating in international jurisdictions. Prior to its sale earlier in 2013, Mr. Blanchard ...
Bengal Energy Announces Closing of Purchase of Additional Interest in the Cuisinier Oil Field and Operational Update

December 18, 2013

CALGARY, ALBERTA--(Dec. 18, 2013) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the closing of the previously announced purchase of an additional 5.357% working interest in the Cuisinier Oil Field and Petroleum Lease 303 ('PL303') (the "Acquisition") in the Cooper-Eromanga Basin in Queensland, Australia and to provide an operational update. Closing of Acquisition In addition to the incremental working interest acquired in Cuisinier, the Acquisition also includes a further ...

2012

Bengal Energy Announces Appointment of New Directors to Board

January 11, 2012

CALGARY, Jan. 11, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the appointment of three independent directors to its board - Dr. Brian J. Moss, Mr. Stephen N. Inbusch and Mr. Bill Wheeler. The new members bring a wealth of international exploration, development and financial experience to the Company as it advances its operations in Australia and India.Dr. Brian J. Moss, Ph.D., P.Geol: Dr. Moss brings more than ...
Bengal Energy Announces Fiscal Q3 2012 Results

February 14, 2012

CALGARY, Feb. 14, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the quarter ended December 31, 2011.Q3 2012 FISCAL HIGHLIGHTS:Averaged overall production of 157 boe/d for the quarter, an increase of 21% over 130 boe/d in the previous quarter and 67% higher than the 94 boe/d reported in the corresponding period of the previous year. This was due to increased production from Bengal's Cuisinier ...
Bengal Purchases Drilling Rig and Provides Update on Summer Drilling Program in Australia

April 05, 2012

CALGARY, April 5, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide the following updates on the Company's ongoing operational activities in Australia.To facilitate its drilling plans, the Company has purchased an Ideco H-44 drilling rig (the "Rig") and its associated equipment for initial use in its 2012 exploratory drilling program on the Company's 100% owned and operated permit ATP 732P Tookoonooka ("ATP 732") in the Cooper/Eromanga Basin of Queensland, ...
Bengal Announces Start of Cuisinier Drilling Campaign

May 23, 2012

CALGARY, May 23, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the 2012 Cuisinier drilling campaign on the Barta Block portion of ATP 752P in the Cooper Basin, Australia, has commenced with the first of four wells spud on May 20, 2012. The first three wells in the program are all appraisal wells targeting the oil bearing sands within the Cretaceous Murta Member within the Cuisinier field. ...
Bengal Announces Early Results from Cuisinier Drilling Campaign

June 04, 2012

CALGARY, June 4, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 4 well (the "Cuisinier 4"), the first well in the 2012 Cuisinier appraisal drilling campaign on the Barta Block portion of ATP 752P in the Cooper-Eromanga Basin, Australia, is to be cased as a future oil producer. The Cretaceous Murta member, DC70 sand was the primary target and the zone came in high to ...
Bengal Energy Announces Fiscal 2012 Results

June 14, 2012

CALGARY, June 14, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the year ended March 31, 2012.FISCAL 2012 HIGHLIGHTS:Production increased by 33%: Averaged overall production of 135 barrels of oil equivalent per day (boe/d), an increase of 33% over the 101 boe/d for the year ended March 31, 2011. This was a result of increased production from the Cooper Basin of Australia, including Cuisinier ...
Bengal’s Cuisinier Drilling Campaign Continues to Produce Positive Results

June 19, 2012

CALGARY, June 19, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 5 well (the "Cuisinier 5"), the second well in the 2012 Cuisinier appraisal drilling campaign on the Barta Block portion ( the "Barta Block") of ATP 752P in the Cooper-Eromanga Basin, Australia, is to be cased as a future oil producer.The Cretaceous Murta member, DC70 sand was the primary target and the zone came ...
Bengal’s 2012 Cuisinier Drilling Campaign Now Three for Three

July 03, 2012

CALGARY, July 3, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 6 well (the "Cuisinier 6"), the third well in the 2012 Cuisinier appraisal drilling campaign on the Barta Sub-Block portion (the "Barta Block") of ATP 752P in the Cooper-Eromanga Basin, Australia, is to be cased as a future oil producer.The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately ...
Bengal Energy Provides Final Cuisinier Drilling Campaign Data and Operational Update

July 13, 2012

CALGARY, July 13, 2012 -Cuisinier ProjectBengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the Cuisinier North 1 exploration well (the "Cuisinier North 1"), the fourth well in the 2012 Cuisinier drilling campaign on the Barta Block portion of Authority to Prospect 752P ("ATP 752P") in the Cooper-Eromanga Basin, Australia, has been cased as a future oil producer.The Cuisinier North 1 well was drilled to a total depth of 2,066 ...
Bengal Energy Announces Updated Corporate Presentation, Provides Operations Review of Australian Properties and Files MD&A and Financial Interim Report for Q1 Fiscal Year 2013

August 13, 2012

CALGARY, Aug. 13, 2012 - Bengal Energy Ltd. ("Bengal" or the "Company") (TSX: BNG) is pleased to provide an updated corporate presentation and operations review of its Australian properties and announce the filing of its unaudited, condensed consolidated interim Financial Statements and Management's Discussion and Analysis for the first quarter ended June 30, 2012. A copy of these documents can be viewed at www.sedar.com and on the Company's website: www.bengalenergy.ca.Operations Review - Onshore Australia Properties ...
Bengal Energy Announces now 8 for 8 in the Cooper Basin, Production ramping up with an estimated net minimum 275 bopd expected, Results indicate significantly larger play at Cuisinier in Australia’s Onshore Cooper Basin

September 18, 2012

CALGARY, Sept. 18, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that production testing on the recently drilled Cuisinier wells in Australia's Cooper Basin has been completed with positive results from all four wells. Combined new oil production from these four wells from the Murta formation is estimated at initial rates of approximately 800 barrels of oil per day (bopd) (net 200 bopd to Bengal). Flow line construction ...
Bengal announces Commencement of Operated Tookoonooka drilling campaign in the Cooper Basin, Australia

October 02, 2012

CALGARY, Oct. 2, 2012 - Bengal Energy (TSX: BNG) ("Bengal", or "the Company") is pleased to announce that drilling operations on Caracal-1, the first well of the Tookoonooka drilling campaign on the Company's 100%-owned Authority to Prospect or ("ATP") 732P ("Tookoonooka permit") commenced on October 2, 2012.The Tookoonooka drilling program, which will be completed using Bengal's recently purchased drilling rig, includes up to three exploration wells initially, all with primary zone targets that are fully ...
Bengal Energy Announces Over 600% 3P Reserve Increase in Mid-year Reserve Update, Cuisinier Field, Australia

October 05, 2012

CALGARY, Oct. 5, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce a summary of the results of an independent report (the "GLJ Report") of the quantity of oil reserve volumes contained on Company lands within the boundaries of the Barta sub-Block, of Authority to Prospect ("ATP") 752 onshore Australia in the Cooper/Eromanga Basins in the State of Queensland. The GLJ Report, effective September 30, 2012, was conducted by ...
Bengal Energy Reports On Tookoonooka Drilling Campaign Caracal-1 Cased As Potential Future Oil Producer, Cooper Basin, Australia

November 05, 2012

CALGARY, Nov. 5, 2012 - Bengal Energy (TSX: BNG) ("Bengal" or "the Company") is pleased to report that the first exploration well in the Company's Tookoonooka drilling campaign, Caracal-1, has been cased pending perforation and testing to confirm the prospectivity of this well as a future oil producer. Bengal operates and is the 100% working interest owner of the 654,335 acre permit Authority to Prospect 732P (the "Tookoonooka Permit"), located in the Cooper Basin, Queensland, ...
Bengal Energy Provides Update on Production Testing at Cuisinier Oil Field Production Tests Exceed Initial Estimates in Australia’s Cooper Basin

November 06, 2012

CALGARY, Nov. 6, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to report that it has been advised by the operator of the Cuisinier Oil Field of initial production testing results from recently drilled  wells. The Cuisinier Oil Field is located within the boundaries of the Barta sub-Block of Authority to Prospect ("ATP") 752P in the Cooper/Eromanga Basins in the State of Queensland, Australia. Bengal has a 25% working interest ...
Bengal Energy Announces Fiscal Q2 2013 Results. Drilling Results Set Stage for Production Growth

November 12, 2012

Drilling Results Set Stage for Production GrowthTSX: BNGCALGARY, Nov. 12, 2012 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the three and six months ended September 30, 2012. The Company focused on drilling during the quarter, spending $10 million to pursue its successful drilling program in Australia.FISCAL Q2 2013 HIGHLIGHTS:100% Drilling Success at Cuisinier:  Since March 2012, Bengal has drilled four oil producers, resulting in ...
Bengal Energy Confirms Caracal-1 as a New Oil Discovery on the Tookoonooka Block, Cooper Basin, Australia

November 21, 2012

CALGARY, Nov. 21, 2012 - Bengal Energy (TSX: BNG) ("Bengal", or "the Company") reports that the first exploration well in the Tookoonooka drilling campaign, Caracal-1, is a new oil discovery.  This new discovery has established light oil on a new and unexplored trend with the Caracal-1 well being the first well to be drilled on the very large 654,335 acre Authority to Prospect ("ATP") 732 (the "Tookoonooka Block") in the last 15 years. Seismic mapping ...

2011

Bengal Energy Announces the Filing of a Preliminary Prospectus for PreviouslyAnnounced $7.9 million Equity Financing and Provides an Update on AustralianProperties

January 18, 2011

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Jan. 18 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that it has filed a preliminary short form prospectus with respect to its previously announced $7.9 million financing (the "Offering").  The Offering is being conducted on a "bought deal" basis through a syndicate of underwriters led by Mackie Research Capital Corporation and including ...
Bengal Energy Announces Closing of $9.0 million Bought Deal Financingincluding Over-Allotment Option

January 28, 2011

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / CALGARY, Jan. 28 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that it has closed its previously announced short form prospectus bought deal financing (the "Offering") with a syndicate of underwriters led by Mackie Research Capital Corporation and including Wellington West Capital Markets Inc. and Toll Cross Securities Inc. (the "Underwriters").  Pursuant to ...
Bengal Energy Announces Board of Directors Appointment

February 04, 2011

CALGARY, Feb. 4 - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that Mr. Peter Gaffney has joined Bengal's Board of Directors effective immediately. Mr. Gaffney, a chartered engineer and geologist, is an independent adviser to the international oil and gas industry. His focus is on strategic management issues and the integration of surface and subsurface operations with particular reference to National Oil Companies. He was a founding partner of ...
Bengal Energy Announces Fiscal Q3 2011 Results

February 11, 2011

CALGARY, Feb. 11 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the third quarter of fiscal 2011. Recent Highlights Bengal improved its access to capital and better positioned itself for accelerated growth in India and Australia through the completion of a fully subscribed $12 million financing at $1.00 per share in September 2010 and a fully subscribed $9 million bought-deal financing at $1.20 ...
Bengal Energy Provides Operational Update

February 14, 2011

CALGARY, Feb. 14 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide the following operational update: Onshore Australia ATP 752 Following the drilling and casing of the Barta North and Cuisinier 2 wells, located on the Barta Block ("Barta Block") within Authority to Prospect ("ATP") 752P in the Cooper Basin, Bengal and its partners have decided to drill an appraisal well (the "Cuisinier 3 Appraisal Well") at a location ...
Bengal Energy Posts Updated Corporate Presentation

February 22, 2011

CALGARY, Feb. 22 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today posted an updated corporate presentation on its website at www.bengalenergy.ca. The presentation describes Bengal's attractive portfolio of low-risk and high-impact drilling opportunities on 2.2 million net acres of undeveloped land in Australia and India. About Bengal Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in India and Australia. The Company is committed ...
Bengal Energy Ltd. Announces Oil and Natural Gas Resource Evaluation

March 01, 2011

CALGARY, March 1 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the results of an independent Resource Evaluation Report (the "Report") pertaining to the lands situated within Authority to Prospect 732P (Tookoonooka Block) ("ATP 732P"), located onshore in the Cooper/Eromanga Basin, Queensland, Australia (the Company is currently awaiting the formal grant of ATP 732P from the Queensland government).  The Report was prepared by Ryder Scott Company-Canada ("Ryder Scott").  ...
Bengal Energy Reports Cuisinier 3 Appraisal Well to be Cased as a PotentialOil Well

March 08, 2011

CALGARY, March 8 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to report that the second appraisal well on the Cuisinier discovery ("Cuisinier 3") is being cased as a potential Murta oil well. Cuisinier 3 is located in the onshore Cooper Basin, in Queensland, Australia. The well was drilled to a depth of 2,040 m and is located approximately 750 m south of the initial Cuisinier discovery well ("Cuisinier 1"). ...
Bengal Energy Awarded Final Grant of ATP 732P in Australia's Cooper Basin

March 10, 2011

CALGARY, March 10 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide this operational update: Final Grant of Authority to Prospect 732P (Tookoonooka Block) Bengal is pleased to announce the Ministerial Grant from the Department of Natural Resources and Mines of Authority to Prospect 732P ("ATP 732P"), located in the Cooper/Eromanga Basin, Queensland, Australia has been officially received with an effective starting date of April 1, 2011. Subject to ...
Bengal Energy Announces Closing of $25.5 Million Bought Deal Financing Including Over-Allotment Option

April 14, 2011

CALGARY, ALBERTA--(Marketwire - April 14, 2011) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce that it has closed its previously announced short form prospectus bought deal financing (the "Offering") with a syndicate of underwriters led by Wellington West Capital Markets Inc. and including Mackie Research Capital Corporation and Canaccord Genuity Corp. (the "Underwriters"). ...
Bengal Energy Announces Results for the Year Ended March 31, 2011 - CompanyAccelerates Growth Through Onshore Drilling and Offshore Upside

June 14, 2011

CALGARY, June 14, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the year ended March 31, 2011. Since the start of the fiscal year ending March 31, 2011, Bengal has raised $46.5 million (gross) through three fully-subscribed share offerings, added international expertise to its board of directors, brought one oil discovery on production, drilled three additional wells and continued exploration efforts on its ...
Bengal Energy Confirms 100% Cuisinier Drilling Success Rate and Gives StatusUpdate on Production and Completions

June 15, 2011

CALGARY, AB, June 15, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to give an update on current production and completion operations at Cuisinier. The initial Cuisinier discovery well ("Cuisinier 1") began production in May 2010 and has cumulatively produced over 63,000 barrels of oil to April 30, 2011 with no appreciable water-cut. The well's daily productive capability continues to be in excess of 350 barrels of oil per ...
Bengal Energy Provides Executive Management and Operational Update

August 17, 2011

CALGARY, Aug. 17, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the following additions to its executive management and update to its production, drilling and seismic operations. Executive Management The Company is pleased to announce that the following key appointments are being made to strengthen the Bengal executive team as the Company advances its operated activities on its 100% owned exploration permits in Australia and India: ...
Bengal Energy Announces Fiscal Q1 2012 Results - Strong Balance Sheet and Balanced Portfolio Contribute To Steady Growth

September 13, 2011

CALGARY, Sept. 13, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the quarter ended June 30, 2011. A highlights table is provided below. The Company exited the first quarter of fiscal 2012 with $37.6 million in cash, no debt and a balanced portfolio of exploration and development drilling opportunities on its extensive land base in Australia and India. Bengal's Cuisinier light oil discovery ...
Bengal Energy Reports Retirement of Board Member

October 07, 2011

CALGARY, Oct. 7, 2011 - (TSX: BNG) ("Bengal" or the "Company") announces that Mr. Richard A.N. Bonnycastle has retired as a director of Bengal.  Having served as a director of Bengal for the past 15 months through a major reorganization and successful fund-raisings, Mr. Bonnycastle now wishes to reduce his professional commitments and has tendered his resignation to the Board of Directors. Management and the Board of Directors of Bengal sincerely express their gratitude ...
Bengal Energy Announces Spud of Kingtree Well - Timor Sea

October 14, 2011

CALGARY, Oct. 14, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide this operational update: Offshore Australia - Timor Sea Exploration Permit AC/P 24 - Bengal wishes to advise that the Kingtree exploration well commenced drilling operations on October 14, 2011. The well will evaluate a large, shallow structure, defined on the basis of multiple 3D and 2D seismic data, on offshore Permit AC/P 24 in the Vulcan ...
Bengal Energy Announces Operational Developments

October 25, 2011

CALGARY, Oct. 25, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") has commenced operations on a number of its projects in both Australia and India and is expecting an active drilling and seismic acquisition program during 2011 and 2012. DRILLING & SEISMIC OPERATIONS: Australia Offshore AC/P 24 The Kingtree well located on the AC/P 24 permit in the Ashmore Cartier area, off the north coast of Australia in ...
Bengal Energy Announces Fiscal Q2 2012 Results - Production increases year over year after Australia drilling success

November 14, 2011

CALGARY, Nov. 14, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the quarter ended September 30, 2011. The Company entered the third quarter of fiscal 2012 with approximately $35.2 million in cash, no debt and a balanced portfolio of exploration and development drilling opportunities in Australia and India. Australia In Australia, Bengal's Cuisinier light oil discovery, which commenced production in May 2010, and ...
Bengal Energy - Operational Update and 2012 Plan

December 16, 2011

CALGARY, Dec. 16, 2011 - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide the following update on the Company's ongoing operational activities in Australia and India. Onshore Australia Authority to Prospect ("ATP") 752P Barta Block The Barta Block Joint Venture ("JV") plans to drill three appraisal/development wells and one exploration well in calendar Q2 2012 after the end of the wet season as a follow up to its four ...