Bengal Energy Ltd. Announces Commencement of Drilling of the High-Impact Santos Operated Legbar Farm-in Well in the Cooper Eromanga Basin
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 southwestern Queensland. The Legbar Well...
2021-10-05 6:00 AM EDT
Bengal Energy Ltd. Announces Election of Directors
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 of the following six nominees...
2021-09-28 4:56 PM EDT
Bengal Energy Announces Operational Update for Its Expanded Development and Exploration Programs
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 continues to advance its exploration...
2021-09-13 6:00 PM EDT
Bengal Announces AGM Details and Board of Directors Renewal
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 Meeting will be...
2021-08-26 6:30 AM EDT
Bengal Announces Operational Update for its Expanded Development Program
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 out of its home base...
2021-08-23 6:30 AM EDT
Bengal Energy Announces Fiscal 2022 First Quarter Results
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 Revenue - Crude oil sales...
2021-08-10 8:23 PM EDT
Bengal Energy Announces Fourth Quarter and Fiscal 2021 Year End Results
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, unless otherwise noted: Financial Summary:...
2021-06-21 7:00 AM EDT
Bengal Announces Corporate Video Presentation
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...
2021-05-25 7:30 AM EDT
Bengal Announces Latest Corporate Presentation
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...
2021-04-21 6:07 PM EDT
Bengal Announces Stock Option Grant
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 that date. The options...
2021-03-22 7:00 AM EDT
Bengal Announces Executive Changes
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...
2021-03-05 7:00 AM EST
Bengal Energy Announces Closing of Private Placement and Debt Settlement
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...
2021-02-26 7:00 AM EST
Bengal Energy Provides Update on Debt Settlement and Equity Financing
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...
2021-02-19 7:00 AM EST
Bengal Energy Announces Fiscal 2021 Third Quarter Results and Subsequent Event Notice
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...
2021-02-12 7:25 AM EST
Bengal Energy Announces Reliance on Financial Hardship Exemption in Connection with Private Placement and Debt Settlement
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...
2021-02-01 6:00 AM EST
Bengal Energy Announces Debt Settlement and Equity Financing
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")....
2021-01-25 7:00 AM EST
Bengal Energy Announces Operations Update
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 is...
2021-01-19 10:36 PM EST
Bengal Energy Announces Fiscal 2021 Second Quarter Results
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 $1.3 million in the second quarter of fiscal 2021, which...
2020-11-24 3:35 PM EST
Bengal Energy Announces Credit Facility Amendment
Calgary, Alberta--(Newsfile Corp. - October 9, 2020) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that on September 30,2020 Westpac Institutional Bank and the Company executed an agreement to extend the maturity date of the Company's bank debt of US$ 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. is an international junior oil...
2020-10-09 5:02 PM EDT
Bengal Energy Ltd. Announces Election of Directors
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 of the following seven nominees...
2020-09-25 2:50 PM EDT