Bengal Energy Ltd.

Recent News

  • Bengal Energy Announces Independent Oil and Natural Gas Resource Report

    Calgary, Alberta--(Newsfile Corp. - March 30, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") announces the issuance of its independent oil and natural gas Resource assessment report dated March 30, 2022, with an effective date of March 20, 2022 (the "Resource Report"). Highlights of Resource Report:At March 20, 2022, the Company's unrisked Best Estimate Contingent Resources were 1.1 million stock tank barrels ("MMstb") of light crude and medium crude oil and 19.0 billion standard cubic feet ("Bscf")...

    2022-03-30 9:00 AM EDT
  • Bengal Energy Announces Positive Results from Sustainability Screening Study for Cooper Basin Operated Projects in Queensland, Australia

    Calgary, Alberta--(Newsfile Corp. - March 14, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that the German-Australian Chamber of Commerce ("AHK Australien") has produced positive results from a screening study to evaluate tailor-made and novel technologies targeted specifically at Bengal's upcoming Cooper Basin operated activities with the objective of lowering Bengal's carbon footprint and operating costs. Renewable electrification and carbon capture projects are among several innovative technologies identified by the study which may...

    2022-03-14 8:00 PM EDT
  • Bengal Provides Initial Operational Update for Wareena and Caracal

    Calgary, Alberta--(Newsfile Corp. - March 9, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") has commenced field operations with the goal of transforming the Company into an operated producer in Australia. These field operations, at Wareena and Caracal, have the potential to materially increase Company production levels, with Bengal estimating that, on successful completion of the operations, corporate production may increase to up to 550 - 700 boe/d. The Company believes that any increased production, coupled with...

    2022-03-09 8:00 AM EST
  • Bengal Announces Closing of Common Share Non-Brokered Private Placement at $0.08/Common Share

    Calgary, Alberta--(Newsfile Corp. - March 7, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement (the "Private Placement"). Under the Private Placement, Bengal issued an aggregate of 52,317,821 common shares of the Company (the "Common Shares") at a price of C$0.08 per Common Share for aggregate gross proceeds of approximately C$4.2 million. As discussed in Bengal's announcement of March 1, 2022, the net proceeds from...

    2022-03-07 7:30 PM EST
  • Bengal Announces Common Share Non-Brokered Private Placement at $0.08/Common Share

    Calgary, Alberta--(Newsfile Corp. - March 1, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that it has entered into definitive agreements with respect to a non-brokered private placement of approximately 52.3 million common shares of the Company (the "Common Shares") at a price of $0.08 per Common Share for aggregate gross proceeds of approximately $4.2 million (the "Private Placement"). All amounts are in Canadian dollars.The Private Placement is expected to close on...

    2022-03-01 8:00 PM EST
  • Bengal Energy Announces Fiscal 2022 Third Quarter Results

    Calgary, Alberta--(Newsfile Corp. - February 10, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial and operating results for the third quarter of fiscal 2022 ended December 31, 2021. THIRD QUARTER FISCAL 2022 HIGHLIGHTS: The following is an overview of the financial and operational results during the three-and nine-months ending December 31, 2022. All amounts are in Canadian funds, unless otherwise noted: Financial Summary: Sales Revenue - Crude oil sales revenue was...

    2022-02-10 7:15 PM EST
  • Bengal Energy Announces Chef-1 Exploration Well Update

    Calgary, Alberta--(Newsfile Corp. - December 30, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces that drilling of the Chef-1 exploration well, located in the Authority to Prospect 752 ("ATP 752") within the Barta sub-block, Potential Commercial Area 206 (PCA 206), has been completed. Following a review of the well logs, the ATP 752 joint venture parties have decided to plug and abandon the well. This exploration well is located outside of the producing Cuisinier field...

    2021-12-30 6:00 PM EST
  • Bengal Energy Announces Cuisinier Oil Field Water Injection Program Commencement

    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 day, with 4,000 barrels of...

    2021-11-30 7:30 AM EST