Business
Bengal Announces Operational Update for its Expanded Development Program
Calgary, Alberta--(Newsfile Corp. - August 23, 2021) - Bengal Energy Ltd. (TSX: BNG) (" Beng...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"Bengal Announces Operational Update for its Expanded Development ProgramCalgary, 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 of Thargomindah, Queensland, Fyfe Pty Ltd for surface facilities engineering and pipeline integrity, InGauge Energy Pty Ltd for drilling and well completion planning and execution, Risk Safety Management Associates Pty. Ltd. for all aspects of Bengal's health and safety program, planning and monitoring and T29 Holdings Pty Ltd for all aspects relating to surface access, native title and tenure, estimated rehabilitation cost and tenure, and title regulatory matters. As all such contractors are based in Queensland, entering into these contracts is in keeping with Bengal's ESG practice of hiring locally. PL 1110 Wareena, PL 1109 Ghina, PL 188 Ramses, PL 411 Karnak, PPL 138 pipeline (100% working interest)The Company is currently finalizing reinstatement plans for its recently acquired 100% working interest in four PLs near to ATP 934 (the Company's 100% owned natural gas exploration block). While not currently producing, all PLs have existing wells indicating log pay, drill stem test results and/or gas production from the Permian formation. Bengal has identified four wells to be tested and re-completed for production in its first phase of development. Specifically, this program is expected to include the following development activities:recommissioning of the 26km pipeline, which the Company has 100% working interest in, to tie the previously producing Wareena liquids-rich gas wells into a nearby compression station accessing the Eastern Australia local and export market; work-over of the Ramses well which demonstrated both a Permian gas discovery and oil-zone completion in a cased well and recovered 588 bbls/d of light crude oil, based on a 105-minute drill stem test. No transient pressure analysis was carried out. Because of the relatively short duration of the DST...