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Bengal Energy declares over 600% 3P reserve increase in mid-year reserve update


Published Oct 8, 2012
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Bengal Energy

Bengal Energy Ltd. provide 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 GLJ Petroleum Consultants Ltd. ("GLJ") of Calgary, Alberta in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGEH") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). GLJ is a qualified reserves evaluator in accordance with NI 51-101.

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