Exploration & Production | Drilling / Well Results | Top Story
Bengal Wells Hit Record Production at Cuisinier Property
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Bengal Energy Ltd. has reported record production volumes along with an operational update from its activities in the Cooper Basin, Queensland, Australia.
Production VolumesBengal is pleased to announce that during July 2013, 11 of the 14 wells in its Cuisinier area (PL 303) of the Cooper Basin were producing, and achieved average monthly gross production of 1,936 barrels of oil per day (b/d). Based on the Company's 25% working interest in Cuisinier, net production to Bengal would be 484 b/d, an increase of 55% over the oil volumes reported in the most recent quarter.
Applying the Company's increased working interest in the field of 30.357% (the acquisition of which is expected to close in September 2013, effective March 15, 2013), Bengal's average volumes from Cuisinier in July would be…
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