Latest News Bengal Energy Ltd (C-BNG) - News Release
Bengal Energy to case Cuisinier 6 well in Australia
2012-07-03 08:27 ET - News Release
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BNG Close 2012-06-29 C$ 0.58
Mr. Chayan Chakrabarty reports
BENGAL'S 2012 CUISINIER DRILLING CAMPAIGN NOW THREE FOR THREE
Bengal Energy Ltd.'s Cuisinier 6 well, the third well in the 2012 Cuisinier appraisal drilling campaign on the Barta subblock 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 well encountered approximately 5.6 metres of sandstone with a preliminary estimate of a minimum of 3.8 metres net pay. The DC70 at Cuisinier 6 appears to be positioned on a second oil-bearing channel trend that is different than that of the Cuisinier 1, 3, 4 and 5 wells. This is supported by a preliminary pressure survey from the well indicating virgin pressures in the DC70 sand at Cuisinier 6.
Cuisinier 6 is located approximately 1.25 kilometres northeast of the Cuisinier 1 discovery well. Cuisinier 6 is the seventh successful well of seven drilled to date.
One additional well is expected to follow immediately, Cuisinier North 1, and will be located approximately 2.9 kilometres north of Cuisinier 1. This final well in the Cuisinier campaign will be drilled to test the Murta as well as the Jurassic Birkhead/Hutton formations.
The operator expects to commence downhole completion activities for all of the appraisal wells at Cuisinier in July once the drilling campaign has been completed.
Bengal holds a 25-per-cent working interest in the Barta block, ATP 752P.