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Bengal Energy expands drilling program


Published Oct 3, 2014
Bengal Energy Ltd

Bengal Energy Ltd. says 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 fiscal 2015 average production rate. Cuisinier is situated within Petroleum Lease "PL" 303 of Barta sub-block, Cooper Basin, southwest Queensland, Australia where Bengal holds a 30.357% working interest (WI).

In light of the high quality oil produced at Cuisinier, Bengal's production commands a premium price over the Brent benchmark and contributes to industry leading operating netbacks.

Tags: Bengal Energy




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