Bengal Energy Announces Fiscal Q3 2011 Results

About this update from Bengal Energy Ltd.

[{"type":"text","content":"\n\n\n\n Feb. 11, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Feb. 11 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating\n results for the third quarter of fiscal 2011.\n\n\nRecent Highlights\n\n\n\nBengal improved its access to capital and better positioned itself for\n accelerated growth in India and Australia through the completion of a\n fully subscribed $12 million financing at $1.00 per share in September\n 2010 and a fully subscribed $9 million bought-deal financing at $1.20\n per share in January 2011.\n\n\n\n\nPromotion of Mr. Chayan Chakrabarty from his role as President of Bengal\n for the last three years to President and Chief Executive Officer on\n November 26, 2010. Mr. Chakrabarty is former Vice President,\n International, with Daylight Resources Trust and held senior roles with\n Verenex Energy Inc., Ross Smith Energy Group and Golder Associates Ltd.\n\n\n\n\nOn February 4, 2011, announced that Mr. Peter Gaffney had joined\n Bengal's Board of Directors effective immediately. Mr. Gaffney, a\n chartered engineer and geologist, is an independent adviser to the\n international oil and gas industry. He was a founding partner of\n Gaffney, Cline and Associates, an international petroleum management\n and technical advisory firm, having direct involvement with the firm\n until it was acquired in 2008.\n\n\n\nHIGHLIGHTS\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n&#...

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