Bengal Energy Sells Alberta Assets, Progressing Activity In Australia

摘要

The $2.2 million from the disposition of relatively small, non-operated production assets in the Kaybob region of Alberta will enable Bengal Energy Ltd. to more quickly advance a number of higher impact prospects in Australia and India, says the company. The Kaybob assets contributed approximately $117,000 to Bengal's net operating income and 54 bbls of oil equivalent per day production over the last six months. The assets comprise less than a net section of land which makes them non-strategic to the company.