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Bengal Energy To Drill Two Follow-Up Wells To Recent Oil Discovery in Australia's Onshore Cooper Basin
Bengal Energy To Drill Two Follow-Up Wells To Recent Oil Discovery in Australia's Onshore Cooper ...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n\n Oct. 26, 2010 (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\nCALGARY, Oct. 26 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to announce that rig mobilization operations have commenced for the drilling of the next well (the "Barta North Well") in the Barta drilling program, as a follow-up well to the successful Cuisinier-1 oil discovery in the Cooper Basin. A four-month extended production test on the 13 meter thick Murta zone in the nearby Cuisinier-1 well indicates production capability that exceeds original estimates, with the Murta zone being capable of sustained gross production greater than 400 barrels per day of high quality 52 degree API oil.\nThe Barta North Well is to be located approximately four kilometers south west of the Cuisinier-1 well and is targeting oil accumulations in both the Cretaceous Murta and Jurassic Hutton formations. The well is expected to spud in early November, will be drilled to a total depth of approximately 2,030 meters and is expected to take approximately 13 days to drill and case.\nBengal, through its wholly-owned subsidiary, Avery Resources (Australia) Pty Ltd., will contribute 55% of the drilling costs of the Barta North Well to complete its earning requirement in the 360,000 acre Barta Block of ATP 752P, earning a 25% interest (current 14.26%) in the block, including the producing Cuisinier-1 well.\nThe Barta North Well will be followed by a Cuisinier appraisal well (the &qu...