Bengal's Cuisinier Drilling Campaign Continues to Produce Positive Results

By Midnight Trader,  June 19, 2012, 09:23:59 AM EDT

Bengal Energy Ltd. (BNG.TO), which is trading near a year low 64 cents, announced that the Cuisinier 5 well, the second well in the 2012 Cuisinier appraisal drilling campaign on the Barta Block portion of ATP 752P in the Cooper-Eromanga Basin, Australia, is to be cased as a future oil producer.

The Cretaceous Murta member, DC70 sand was the primary target and the zone came in high to prognosis encountering approximately 4.5 metres of sandstone with a preliminary estimate of a minimum of 2 metres net pay. The DC70 sand appears to be located within an interpreted channel environment which exhibits well developed porosity. A drill stem test carried out by the operator recovered 53.2 degree API oil and gas cut drilling fluid.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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