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 junior oil and gas exploration and production company with assets in Australia, primarily in the Cooper Basin. Its common shares trade on the Toronto Stock Exchange under the symbol "BNG." News about Bengal often centers on its crude oil and natural gas operations, financial performance and corporate developments.
Investors following BNGLF and Bengal Energy can expect regular updates on quarterly and annual financial and operating results. The company’s releases discuss crude oil sales revenue, production volumes in barrels of oil per day, operating netback, funds from (used in) operations and net income or loss. These disclosures provide insight into how Bengal’s Cooper Basin assets, such as PL 303 Cuisinier and ATP 934 Barrolka, are performing over time.
Bengal also issues news on its asset base and technical initiatives. Recent communications have described water injection activities at the Cuisinier field, appraisal and development opportunities in non-productive petroleum licenses, and the role of the PPL 138 gas pipeline in connecting potential gas production to existing networks. Updates on permits like PCA 332 Tookoonooka and ATP 934, including regulatory amendments and relinquishments of non-prospective areas, are also part of the company’s news flow.
Corporate and capital structure developments feature in Bengal’s announcements as well. Examples include elections of directors at annual and special meetings, changes in the company’s auditor, and refinancing transactions such as the replacement of a joint venture payables loan with a new secured loan. For investors and observers, the Bengal Energy news page offers a centralized view of operational results, portfolio changes and governance events affecting the BNGLF and BNG listings.
Bengal Energy (OTC:BNGLF) reported Q3 fiscal 2026 results for the quarter ended December 31, 2025. Oil sales were CAD $1.012M, down 29% year-over-year; production averaged 115 bopd (down 7%). Realized oil price was US$63.63/bbl (down 15%). Funds from operations were CAD (129k) and net loss was CAD (415k). Operating netback fell to CAD 28.17/bbl. Capital expenditures were CAD $2k. The company restored four workover wells but volumes have not returned to pre-workover levels.
Bengal Energy (OTC:BNGLF) reported Q2 fiscal 2026 results for the quarter ended September 30, 2025, showing weaker operating and financial metrics versus prior year.
Key figures: crude oil sales of CAD $0.9M (down 24% YoY), production 114 bopd (down 10% YoY), realized price US$68.97/bbl (down 16% YoY), funds used in operations CAD (0.4M), and net loss CAD (0.7M). Operating netback fell to CAD $15.10/bbl from CAD $42.84/bbl a year earlier. Production was reduced by well downtime and Cooper Basin flooding, and planned farm-out and M&A initiatives remain stalled while oil prices and equity markets are weak.
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.