The Cuisinier 2 well is located on the Barta sub-block of the Cooper Basin in the State of Queensland, Australia, within Authority to Prospect (ATP) 752P and approximately 450m northeast of the company’s Cuisinier 1 oil discovery.

The Cuisinier 2 well targeted the Cretaceous Murta sandstone and encountered an upper Murta zone within the same oil column as the offsetting Cuisinier 1 well.

Logs indicate that a gross channel thickness of 7.5m was penetrated in the upper Murta with up to 7m of effective porosity and potential net pay.

Moderate oil shows were also seen in two additional deeper Murta sands which, based on logs, indicate additional potential for approximately 7m of possible incremental net oil pay that if validated from testing would be below the oil water contact originally postulated at the Cuisinier 1 well.

Additional oil shows were seen deeper in the Cuisinier 2 well within a thin Jurassic Birkhead sandstone, located immediately above the Hutton Formation.

Bengal’s working interest in the Barta Block is 25% following the drilling of the recent successful Barta North 1 well.

In addition, Bengal Energy has promoted Chayan Chakrabarty, the current president of the company, to the position of president and CEO.