Business
Bengal's Drilling Campaign continues 100% Success Rate at Cuisinier in the Cooper Basin
CALGARY , June 3, 2013 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company...
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\nCALGARY, June 3, 2013 /CNW/ - Bengal Energy Ltd. (TSX: BNG) (\"Bengal\" or the \"Company\") is pleased to announce that Cuisinier 9\n (\"Cuisinier 9\"), the fifth well in the 2013 Cuisinier appraisal\n drilling campaign on the Barta sub-block portion of Authority to\n Prospect (\"ATP\") 752P in the Cooper-Eromanga Basin, in Queensland,\n Australia, has been cased as a future oil producer.\n\n\nThe Cretaceous Murta member was the primary target, and Bengal's\n preliminary petrophysical analysis shows 6.5 metres of net sandstone\n and approximately 4.3 metres of net pay in the Murta DC70 sand. \n Cuisinier 9 is positioned on the southeastern part of the Cuisinier\n structure, further delineating the pool area while validating 3D\n seismic interpretation. The Cuisinier 9 well is situated approximately\n 1.9 kilometres southeast from the Cuisinier 1 discovery well. \n Cuisinier 9 is the 13th successful well of 13 drilled in the Cuisinier drilling campaign to\n date, maintaining Bengal's 100% success rate.\n\n\nThe program carries a contingent well targeting the Murta member\n reservoir which is based on success of the five well drilling campaign\n undertaken in 2013. The decision to drill this contingent well is being\n considered by the Barta JV.  In the interim, the operator will utilize\n the rig for another campaign on an adjoining tenement upon completion\n of Cuisinier 9.  Should the decision be made to proceed, the drilling\n rig could return to spud the contingent Cuisinier well in approximately\n 8 weeks.\n\n\nIt is anticipated that the operator will commence down-hole completion\n activities in July, 2013, and Bengal intends to provide updates\n periodically or as material developments arise.\n\n\nBengal holds a 25% working interest in the Barta sub-block of ATP 752P.\n\n\nAbout Bengal\n\n\nBengal Energy Ltd. is an international junior oil and gas exploration\n and production company based in Calgary, Alberta.  The Company is\n committed to growing shareholder value through international\n exploration, production and acquisitions.  Bengal trades on the TSX\n under the symbol BNG.  Additional information is available at www.bengalenergy.ca.\n\n\nForward-Looking Statements\n\n\nThis news release contains certain forward-looking statements or\n information (\"forward-looking statements...