Drilling & Completions
Bengal's Cooper Wells on Production; Connected to Pipeline
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Bengal Energy Ltd. has reported that the Cuisinier to Cook liquids pipeline located on the Barta sub-block of Authority to Prospect (ATP) 752P in the Cooper-Eromanga Basin in Queensland, has now been commissioned and production from all eight Cuisinier oil wells has now commenced.
Bengal has a 25% net interest in the 360,000 acre Barta Block.
This is an important development for Bengal, because it enables production from the previously drilled 8 Cuisinier wells to be delivered to sales points through a pipeline, rather than trucking. As a result of this pipeline connectivity, volatility in production volumes can be reduced, with opportunities to potentially enhance netbacks. For the last fiscal year ending March 31, 2013 Bengal's field netback on this high quality Cuisinier…
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