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Bengal Energy Announces Results for the Year Ended March 31, 2010 - Company compiles inventory of long-term prospects on operated acreage
Bengal Energy Announces Results for the Year Ended March 31, 2010 - Company compiles inventory of...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n\n Jun. 9, 2010 (Canada NewsWire Group) -- Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announced its financial and operating results for the year ended March 31, 2010.\nBengal moved aggressively in fiscal 2010 to establish a platform for significant international growth. Within the past two years, the Company has now increased its undeveloped land position by 250% to 2.3 million net acres, 87% of which is operated by Bengal.\nRecent highlights:\n\n\n >\n\n\nBengal's Annual Management's Discussion and Analysis and Annual Consolidated Financial Statements can be viewed at www.bengalenergy.ca or www.sedar.com.\n\nAbout Bengal\n\nBengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in India and Australia. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal trades on the TSX under the symbol BNG. Additional information is available at www.bengalenergy.ca.\n\nForward-Looking Statements\n\nThis news release contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, many of which are beyond Bengal's control. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward looking statements. The projections, estimates and beliefs contained in such forward looking statements are based on management's estimates, opinions, and assumptions at the time the statements were made, including assumptions relating to: the impact of general global economic conditions in Canada and in the United States, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified operating or management personnel, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and fluctuations in market valuations of companies with respect to announced transactions and the final valuations thereof, and the ability to obtain required approvals from regulatory authorities. We believe the expectations reflected in those forward-looking statements are reasonable but, no assurance...