CALGARY, July 21 /CNW/ - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or "the Company") today announced that the second well of the Company's seven well Joint Venture program with Santos Ltd. (ASX: STO, NASDAQ: STOSY) ("Santos"), a major Australian oil and gas exploration and production company, will be plugged and abandoned. The next 3 wells to be drilled in the Santos-led Joint Venture and 200 sq. km. of 3D seismic will be done at no cost to Bengal. Other farm-in partners are Australian companies Bow Energy Limited and Victoria Petroleum Limited.
About Bengal
Bengal Energy Ltd. is an international junior oil and gas exploration and production company based in Calgary, Alberta. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Please note Bengal currently trades on the TSX under the symbol ARY and will begin to trade under the symbol BNG on Tuesday, July 22, 2008.
Disclaimers
Except for statements of historical fact, all statements in this press release, without limitation, regarding new projects, acquisitions, and future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
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