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Bengal Energy cases potential oil-producing well in Australia

CALGARY -- Bengal Energy announced that its Cuisinier 9 well has been cased as a future oil producer. This is Bengal’s fifth well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block portion of Authority to Prospect 752P in the Cooper-Eromanga Basin, in Queensland, Australia.

The Cretaceous Murta member was the primary target, and Bengal' s preliminary petrophysical analysis shows 6.5 m of net sandstone, and approximately 4.3 m of net pay in the Murta DC70 sand.  Cuisinier 9 is in the southeastern part of the Cuisinier structure, further delineating the pool area, while validating 3D seismic interpretation. The Cuisinier 9 well is situated approximately 1.9 km southeast of the Cuisinier 1 discovery well.  Cuisinier 9 is the 13th successful well, of 13 drilled, in the Cuisinier drilling campaign to date.

The program carries a contingent well targeting the Murta member reservoir, which is based on success of the five-well drilling campaign undertaken in 2013. The decision to drill this contingent well is being considered by the Barta JV.  In the interim, the operator will utilize the rig for another campaign on an adjoining tenement, upon completion of Cuisinier 9.  Should the decision be made to proceed, the drilling rig could return to spud the contingent Cuisinier well in approximately eight weeks.

It is anticipated that the operator will commence downhole completion activities in July 2013.

Bengal holds a 25% working interest in the Barta sub-block of Authority to Prospect 752P, where Santos Energy is operator and holds a 45% WI. Senex Energy and Arrow Energy each hold a 15% WI.

06/03/2013

 

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