Bengal Energy (TSE:BNG) has released an update.
Bengal Energy Ltd. has completed its development plan for Tookoonooka, a prospective oil field with 15 potential drilling sites, including the promising Tigris-1 well. With infrastructure already in place for immediate oil sales, the company is poised for rapid commercialization pending successful drilling and securing of necessary financing. Bengal is exploring farm-in partnerships and other funding avenues to realize the field’s potential in light of analogous fields producing up to 1,500 barrels per day.
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