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Bengal Sees Successful Year Onshore Australia

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Bengal Sees Successful Year Onshore Australia

Bengal Energy Ltd. has reported its financial and operating results for the third fiscal quarter of 2014 (period ended December 31, 2013).

In the quarter, Bengal advanced several key developments which contributed to the Company's continued growth strategy. Bengal recorded another profitable quarter driven by stable Australian production volumes and high netbacks from its ultra-light, large oil in place producing Cuisinier property. All 14 wells drilled to date at Cuisinier are now producing, and exploration in the Tookoonooka joint venture has continued with partner, Beach Energy Ltd. With producing oil weighted assets in Australia and prospects in India, Bengal has a portfolio of projects at various stages of development, from exploration through to production and cash flow generation.

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