Business
Bengal Energy Confirms 100% Cuisinier Drilling Success Rate and Gives Status Update on Production and Completions
Jun. 15, 2011 (Canada NewsWire Group) -- CALGARY, AB, June 15, 2011 /CNW/ - Bengal Energy Lt...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n Jun. 15, 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, AB, June 15, 2011 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to give an update on current\n production and completion operations at Cuisinier.\n\n\nThe initial Cuisinier discovery well ("Cuisinier 1") began production in\n May 2010 and has cumulatively produced over 63,000 barrels of oil to\n April 30, 2011 with no appreciable water-cut. The well's daily\n productive capability continues to be in excess of 350 barrels of oil\n per day (bopd) (88 bopd net to Bengal). The well has been produced\n intermittently over the last few months due to logistical problems\n related to severe flooding earlier this year in central Australia. The\n operator is investigating additional tank storage options to improve\n oil sales and mitigate downtime at Cuisinier 1. Improvements are being\n seen. The operator reported that 10,481 barrels of oil were delivered\n for sale in April, averaging 340 bopd on a calendar-day basis (net 85\n bopd) over the month.\n\n\nTwo appraisal development wells on the Cuisinier discovery ("Cuisinier\n 2") and ("Cuisinier 3") and an exploration well ("Barta North 1") were\n cased as potential oil wells over the past six months. Cuisinier 2 was\n drilled approximately 450 metres northeast of Cuisinier 1 and\n encountered three separate pay sands in the Murta sandstone to a depth\n 28 m below the base of...