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UPDATE: Bengal Energy Begins Drilling Campaign, Cuisinier Development in Cooper Basin; Shares Up 6%

Bengal Energy Ltd. (BNG.TO) announced that drilling operations on the Cuisinier 7 appraisal well, the first well of the planned 2013 five-well development and appraisal drilling campaign, commenced on March 20, 2013. Cuisinier 7 is located on the company's 25%-owned Barta sub-block of Authority to Prospect 752P.

Cuisinier 7 is an immediate offset to the Cuisinier 6 well, which on its Extended Production Test period has shown average daily production rates of 750 barrels of oil per day since testing began on October 15, 2012.

BNG was up more than 6% to 67 cents, trading near 52-week low $0.485.

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

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