Bengal Energy purchases drilling rig
Bengal Energy Ltd. provide the following updates on the Company's ongoing operational activities in Australia. To facilitate its drilling plans, the Company has
Bengal Energy Ltd. 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, Australia. The Rig is a 750 HP carrier-mounted Double with a depth capability of 3,000m utilizing 3-1/2" drill pipe. The Company is excited by the opportunity to deploy the Rig into its ATP 732 exploratory drilling campaign and also to have the Rig available, when not in use by Bengal, for potential future business development opportunities in the Basin. Its possession gives Bengal a vital strategic advantage over its competition in an environment where drilling services are costly and often difficult to procure.