RE:RE:RE:PL303 volumei think you need to re-read the press release dated December 18th, 2013:
In addition to the incremental working interest acquired in Cuisinier, the Acquisition also includes a further 8.08%
interest in the Wompi Block (ATP 752), resulting in working interests in those two projects of 30.357% and 38.08%,
respectively. With the increased working interest in Cuisinier, going forward the Company will realize a greater
proportion of production and a corresponding impact on cash flows for periods subsequent to December 18, 2013.
As a result, Bengal estimates it will exit calendar 2013 with corporate net production volumes between 500‐550
boe/d, weighted over 90% to ultra‐light crude oil which commands a premium to Brent pricing and contributes to
strong netbacks. This exit production estimate reflects the increased working interest gained through the
Acquisition, production contributions from all 14 wells currently tied‐in, and incorporates production declines
inherent with new production.