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Bengal Hits 216% Upswing in Oil Production; Credits Cooper Basin

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Bengal Hits 216% Upswing in Oil Production; Credits Cooper Basin

Bengal Energy Ltd. has reported its financial and operating results for the fiscal year ended March 31, 2013 .

Fiscal Year-End 2013 Milestones

2013 was an active and successful period for Bengal, evidenced by the continued growth in our production, reserves and revenue, as well as the achievement of several important milestones which further advance our progress and set the stage for future expanded development. 

Q4 Production increased 216%

Corporate production in the fourth quarter averaged 325 barrels of oil equivalent per day (boe/d), an increase of 216% over 103 boe/d for the same period in 2012.  Average annual production of 170 boe/d in 2013 increased by 26% over the 135 boe/d during fiscal 2012.  These increases are directly attributable to production growth from wells in the…

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