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Last C$0.18 CAD
Change Today +0.01 / 5.88%
Volume 12.5K
As of 4:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

bengal energy ltd (BNG) Snapshot

Open
C$0.20
Previous Close
C$0.17
Day High
C$0.20
Day Low
C$0.17
52 Week High
08/11/14 - C$0.54
52 Week Low
07/27/15 - C$0.15
Market Cap
12.3M
Average Volume 10 Days
8.2K
EPS TTM
C$-0.0026
Shares Outstanding
68.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BENGAL ENERGY LTD (BNG)

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bengal energy ltd (BNG) Details

Bengal Energy Ltd., together with its subsidiaries, operates as a junior oil and gas exploration and production company in Australia, India, and Canada. The company explores for, develops, and produces oil and gas reserves. It holds interest in Cuisinier, Tookoonooka, and Wompi blocks located in the Cooper basin in Australia; and the Cauvery basin in onshore India. The company was formerly known as Avery Resources and changed its name to Bengal Energy Ltd. in July 2008. Bengal Energy Ltd. is based in Calgary, Canada.

9 Employees
Last Reported Date: 06/22/15

bengal energy ltd (BNG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$218.8K
Chief Financial Officer
Total Annual Compensation: C$60.0K
Executive Vice President
Total Annual Compensation: C$168.3K
Vice President of Exploration
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2014.

bengal energy ltd (BNG) Key Developments

Bengal Energy Ltd Reports Audited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended March 31, 2015

Bengal Energy Ltd. reported audited consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported total revenue of $3,378,000 against $5,272,000 a year ago. Operating netback was $2,166,000 against $3,369,000 a year ago. Funds from operations were $939,000 or $0.01 per share basic and diluted against $2,218,000 or $0.03 per share basic and diluted a year ago. Net loss was $1,052,000 or $0.02 per share basic and diluted against $1,804,000 or $0.03 per share basic and diluted a year ago. Adjusted net loss was $474,000 or $0.01 per share basic and diluted against $1,936,000 or $0.03 per share basic and diluted a year ago. Capital expenditures were $2,410,000 against $2,048,000 a year ago. For the year, the company reported total revenue of $15,669,000 against $19,822,000 a year ago. Operating netback was $9,256,000 against $13,198,000 a year ago. Funds from operations were $4,589,000 or $0.07 per share basic and diluted against $8,183,000 or $0.13 per share basic and diluted a year ago. Net loss was $3,172,000 or $0.05 per share basic and diluted against net profit of $150,000 or $0.00 per share basic and diluted a year ago. Adjusted net loss was $6,052,000 or $0.09 per share basic and diluted against adjusted net earnings of $23,000 or $0.00 per share basic and diluted a year ago. Capital expenditures were $13,463,000 against $16,647,000 a year ago. For the quarter, the company reported oil production of 506 bpd against 472 bpd a year ago. Natural gas was 114 mcfd against 180 mcfd a year ago. For the year, the company reported oil production of 452 bpd against 433 bpd a year ago. Natural gas was 164 mcfd against 201 mcfd a year ago. Natural gas liquids was 1 boepd against 2 boepd a year ago.

Bengal Energy Ltd Announces the Phase Two Drilling Campaign on ATP 752 Barta Block

Bengal Energy Ltd. announced that the Company and its joint venture parties have completed the Phase Two drilling campaign on ATP 752 Barta Block. Average gross production from the Cuisinier field in March 2015, prior to the tie-in of the new Phase Two wells and the reactivation of the Cuisinier-6 well, was approximately barrels of oil per day. The Phase Two drilling campaign exceeded Bengal's technical and commercial expectations. With three of the four cased wells now completed as oil wells, the JV has successfully expanded the pool boundaries and tested the structural flank positions for the presence of oil. The last well of the Phase Two drilling campaign, Cuisinier-21, tested the northwest flank of the Cuisinier structure. The well encountered oil in the Murta DC70 zone with reservoir pressure at approximately 96% of virgin pressure. The Murta DC70 zone in this well came in structurally below what had been established by other producing wells. Upon perforation the Cuisinier-21 well naturally flowed approximately 380 bopd at 100% oil cut. Bengal expects production rates from the well to increase through mechanical lifting. The Cuisinier-21 results confirm a significant increase in the pool size and establish an oil column greater than 42 metres within the Murta DC70, which factors Bengal expects to contribute to an increase in the pool's discovered oil initially-in-place and reserves. Cuisinier-20, the second of two development wells in the Phase Two drilling campaign, came in on structure, encountering a well-developed Murta DC70 channel sand that is approximately 14 metres thick, which on logs resembles Bengal's original Cuisinier-1 discovery well. To date, the Cuisinier-1 well has had cumulative production of over 192,000 barrels of oil. Cuisinier-20 has been perforated and completed as an oil well. Final on-stream production rates will be confirmed once the well is put into production. Both Cuisinier-20 and 21 are being flow line connected into Cuisinier facilities and are expected to come on stream in the coming weeks, adding to Bengal's aggregate production volumes. The remaining Phase Two wells, Cuisinier-17 and Cuisinier-19, were drilled on the northwest and southeast flanks of the Cuisinier structure, respectively. The Cuisinier-17 well was cased and perforated, has swabbed low rates of oil and has now been suspended pending finalization of an appropriate stimulation program. The Cuisinier-19 well encountered a thick Murta DC70 sand within the established oil window. However, it also appears to have sub- optimal permeability. Given the current volatility of crude oil prices, the Company will evaluate various stimulation options for both Cuisinier-17 and 19 prior to committing additional capital.

Bengal Energy Ltd Announces Earnings and Production Results for the Third Quarter and Nine Months Ended December 31, 2014

Bengal Energy Ltd. announced earnings and production results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total revenues of $3,944,000 compared with $5,516,000 for the same period a year ago. Cash from operations was $1,492,000 compared with $2,170,000 for the same period a year ago. Funds from operations was $1,318,000 or $0.02 per basic and diluted share compared with $2,862,000 or $0.05 per basic and diluted share for the same period a year ago. Net loss was $1,293,000 or $0.02 per basic and diluted share compared with net income of $573,000 or $0.01 per basic and diluted share for the same period a year ago. Capital expenditures was $4,489,000 compared with $6,462,000 for the same period a year ago. For the nine months, the company reported total revenues of $12,291,000 compared with $14,550,000 for the same period a year ago. Cash from operations was $5,943,000 compared with $5,485,000 for the same period a year ago. Funds from operations was $3,703,000 or $0.06 per basic and diluted share compared with $6,657,000 or $0.11 per basic and diluted share for the same period a year ago. Net loss was $2,120,000 or $0.03 per basic and diluted share compared with net income of $1,954,000 or $0.03 per basic and diluted share for the same period a year ago. Capital expenditures was $11,053,000 compared with $14,599,000 for the same period a year ago. For the quarter, the company produced natural gas of 180 mcfpdc ompared with 184 mcfpd for the same period a year ago. Natural gas liquids was 2 boepd with 2 boepd for the same period a year ago. For the nine months, the company produced natural gas of 181 mcfpdcompared with 208 mcfpd for the same period a year ago. Natural gas liquids was 1 boepd with 2 boepd for the same period a year ago.

 

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