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Bengal Energy Expands Cuisiner Pool Area
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Bengal Energy Ltd. has announced its financial and operating results for the fourth quarter and the fiscal year ended March 31, 2015.
Chayan Chakrabarty, Bengal's President and CEO said: "We are pleased with the results from our Cuisinier drilling program this year. We have added to our production base, successfully expanded the pool area thus providing an excellent foundation for future production and reserve growth. We also are enjoying attractive net-backs, compared to our North American peers, and our significant hedging position provides Bengal with a very favorable corporate netback at current market prices that will allow us to remain flexible in a supressed oil price environment. The Company continues to pursue our long-term growth strategy of developing our large oil-in-place…
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