Business
Bengal Announces Early Results from Cuisinier Drilling Campaign
CALGARY, June 4, 2012 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ( " Bengal " or the " Company ...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, June 4, 2012 /CNW/ - Bengal Energy Ltd. (TSX: BNG) (\"Bengal\" or the \"Company\") is pleased to announce that the Cuisinier 4 well (the \"Cuisinier 4\"), the first well in the 2012 Cuisinier appraisal drilling campaign on\n the Barta Block portion of ATP 752P in the Cooper-Eromanga Basin,\n Australia, is to be cased as a future oil producer. The Cretaceous\n Murta member, DC70 sand was the primary target and the zone came in\n high to prognosis encountering approximately 21.8 metres of sandstone\n with a preliminary estimate of a minimum of 9.1 metres net pay. The\n entire Murta interval was cored by the operator with a total of 51.2\n metres of core cut (49.5 metres recovered). There were hydrocarbon\n indications through the entire Murta member, approximately 37 metres in\n total.\n\n\nCuisinier 4 is located approximately 600 metres north-west of the\n Cuisinier 1 discovery well (the \"Cuisinier 1\").\n\n\nThree additional wells will follow immediately with the next being\n Cuisinier 5 located approximately 1,600 metres south of Cuisinier 1.\n The operator expects to commence completion activities in July once the\n drilling campaign has been completed.\n\n\nBengal holds a 25% working interest in the Barta permit, ATP 752P.\n\n\nAbout Bengal\nBengal Energy Ltd. is an international junior oil and gas exploration\n and production company with assets in Australia and India. The Company\n is committed to growing shareholder value through international\n exploration, production and acquisitions. Bengal trades on the TSX\n under the symbol BNG. Additional information is available at www.bengalenergy.ca.\n\n\nForward-Looking StatementsThis news release contains certain forward-looking statements or\n information (\"forward-looking statements\") as defined by applicable\n securities laws that involve substantial known and unknown risks and\n uncertainties, many of which are beyond Bengal's control. These\n statements relate to future events or our future performance. All\n statements other than statements of historical fact may be forward\n looking statements. The use of any of the words \"plan\", \"expect\",\n \"prospective\", \"project\", \"intend\", \"believe\", \"should\", \"anticipate\",\n \"estimate\", or other similar words or statements that certain events\n \"may\" or \"will\" occur are intended to ident...