Welcome to our dedicated page for Bengal Egy news (Ticker: BNGLF), a resource for investors and traders seeking the latest updates and insights on Bengal Egy stock.
Bengal Energy Ltd. (BNGLF) is an international energy company focused on oil and gas exploration in Australia’s Cooper Basin. This page provides investors and industry observers with timely updates on operational developments, financial results, and strategic initiatives.
Access authoritative information about Bengal Energy’s exploration programs, production updates, and technical innovations. Our curated collection includes press releases detailing drilling results, partnership announcements, and progress reports on resource maturation strategies using advanced methods like 3D seismic analysis and water injection programs.
Key updates cover permit acquisitions, farm-out opportunities, infrastructure developments, and quarterly performance metrics. Stay informed about operational milestones through verified reports on well stimulation techniques, production optimization efforts, and geological evaluations.
Bookmark this page for direct access to Bengal Energy’s official communications and analysis of their asset portfolio in stable regulatory environments. Check regularly for new insights into their disciplined approach to capital allocation and risk-managed exploration strategies.
Bengal Energy Ltd. (TSX: BNG) announced the results of its annual and special meeting of shareholders held on September 29, 2025, in Calgary, Alberta. The company's shareholders elected five directors to the board through a ballot vote.
All nominated directors received overwhelming support, with four out of five nominees receiving over 99.98% approval. The elected directors include Chayan Chakrabarty, Brian J. Moss, Barry Herring, W.B. (Bill) Wheeler, and R. Neal Grant. Notable was W.B. Wheeler's election with 98.81% of votes in favor.
Bengal Energy (TSX:BNG) reported its Q1 fiscal 2026 results, showing significant declines across key metrics. The company's crude oil sales revenue dropped 45% to $1.0 million compared to $1.9 million in Q1 fiscal 2024. Production decreased 31% to 120 barrels of oil per day (bopd) from 174 bopd in the previous year.
The company reported funds from operations of $23,000, down from $203,000 in Q1 fiscal 2024, and a net loss of $0.3 million. The production decline was attributed to changes in field measurement processes, natural declines, and delayed workover activity due to flooding in the Cooper Basin. Operating netback per barrel decreased to $54.08 from $64.08 year-over-year.
Bengal Energy (TSX: BNG, BNGLF) reported its fiscal 2025 fourth quarter and year-end results, showing significant declines in key metrics. The company's Q4 crude oil sales revenue dropped 46% to $1.0 million compared to $1.8 million in Q4 fiscal 2024, primarily due to lower realized prices and reduced production.
Production decreased to 126 barrels of oil per day (bopd) in Q4 fiscal 2025, down 22% from 162 bopd in Q4 fiscal 2024, mainly due to downhole issues in four Cuisinier wells. The company reported a net loss of $3.0 million in Q4 fiscal 2025, compared to an $11.6 million loss in the same period last year.
The company's Proved Plus Probable (2P) Reserves stood at 1,817 thousand barrels as of March 31, 2025, slightly down from 1,857 Mbbls in the previous year. The net present value (NPV10, before tax) of Bengal's 2P Reserves remained stable at $42.6 million ($0.09 per share) compared to $42.1 million in fiscal 2024.
Bengal maintains assets in Australia's Cooper Basin, including interests in multiple Petroleum Leases (PLs) and Authority to Prospect (ATP) blocks. The company is evaluating results from its water injection program at Cuisinier, though mechanical failures have led to extended shut-in periods.
Bengal Energy (TSX: BNG) has announced a refinancing agreement for its joint venture payables loan through a new loan agreement with Texada Capital Management The original loan had an outstanding principal of AUD 1.8 million as of February 28, 2025.
The new Texada Loan, valued at CAD 1.7 million, will be used to fully repay the existing joint venture loan. Key terms include:
- Maturity date: April 1, 2027
- Interest rate: 10% per annum, payable quarterly
- Interest-only payments until maturity
- Minimum prepayment amount: CAD 200,000
The loan is secured by Bengal's present and future assets, excluding shares in Bengal Energy (Australia) Pty Notably, Texada is controlled by director W. B. Wheeler, who owns 82.2% of Bengal's common shares. The refinancing aims to reduce interest costs while maintaining financial flexibility for future growth.
Bengal Energy reported its Q3 fiscal 2025 financial results, showing a decline in performance. Crude oil sales revenue decreased 11% to $1.4 million compared to $1.6 million in Q3 fiscal 2024. Oil production dropped 22% to 124 bbl/d from 174 bbl/d year-over-year.
The company reported a net loss of $0.4 million, slightly improved from a $0.5 million loss in Q3 fiscal 2024, primarily due to lower royalties, operating and G&A costs. Funds from operations were $23 thousand, compared to negative $143 thousand in the previous year.
Production volumes decreased 29% to 11,420 bbls. The company is investigating material changes in production allocation provided by the Cuisinier operator. Capital activity was due to financing constraints. The company also faces new restrictions on petroleum activities in Queensland's Lake Eyre Basin catchment area, affecting some of its assets.
Bengal Energy (TSX: BNG) has announced a change in its auditor from KPMG LLP to MNP LLP, effective December 16, 2024. The transition occurred at the company's request, with KPMG resigning and MNP being appointed to fill the vacancy until the next annual shareholders' meeting. The company has filed the required documentation, including the Notice of Change of Auditor and letters from both KPMG and MNP, on SEDAR+ in compliance with National Instrument 51-102 - Continuous Disclosure Obligations.
Bengal Energy reports Q2 fiscal 2025 financial results with notable declines in performance. Crude oil sales revenue dropped 35% to $1.3 million compared to $1.9 million in Q2 fiscal 2024. Production decreased 28% to 127 bbl/d from 176 bbl/d year-over-year, despite a slight increase in realized price to US$84.61/bbl. The company reported a net loss of $0.6 million, compared to a $0.2 million loss in Q2 fiscal 2024. Funds used in operations were $0.3 million versus funds from operations of $0.1 million in the previous year. The company is investigating a material change in production allocation that resulted in a 50 bbl/d decrease in production.
Bengal Energy (TSX: BNG) announced the results of its annual general meeting of shareholders held on September 19, 2024, in Calgary, Alberta. Five nominees proposed by management were elected as directors of Bengal. The elected directors are:
- Chayan Chakrabarty: 408,990,223 votes (99.99%)
- Brian J. Moss: 408,939,378 votes (99.98%)
- Barry Herring: 408,945,123 votes (99.98%)
- W.B. (Bill) Wheeler: 404,088,029 votes (98.79%)
- R. Neal Grant: 408,984,478 votes (99.99%)
The nominees were listed in Bengal's information circular proxy statement dated August 12, 2024. The election was conducted by ballot vote, with the results showing overwhelming support for all candidates.
Bengal Energy (TSX: BNG) has filed its information circular and related materials for the upcoming Annual General Meeting on September 19, 2024. The company announced changes to its Board of Directors:
1. Peter Lansom will not seek re-election and will retire from the Board at the meeting.
2. As previously announced, Robert Steele will also retire from the Board.
3. R. Neal Grant, based in Adelaide, Australia, has been nominated for election to the Board. Mr. Grant brings over 40 years of experience in engineering, financial management, and operational roles, including work in the Cooper Basin and Western Canadian CO2 projects.
The company emphasized Mr. Grant's extensive background and its potential value to Bengal's strategic direction and growth.
Bengal Energy (TSX: BNG) has released its financial and operational results for Q1 fiscal 2025 ended June 30, 2024. Key highlights include:
- Crude oil sales revenue increased 14% to $1.9 million compared to Q1 fiscal 2024
- Production decreased 2% to 174 bbl/d
- Realized oil price increased 16% to US$90.35/bbl
- Funds from operations improved to $0.2 million from $nil in Q1 fiscal 2024
- Net loss reduced to $0.2 million from $0.4 million in Q1 fiscal 2024
The company continues to evaluate its water injection program at Cuisinier and is pursuing natural gas opportunities in its 100%-owned permits. Bengal is also in discussions about potential farm-out opportunities to increase shareholder value.
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