09:53 AM EST - Bengal Energy Ltd. : announced that the Cuisinier North 1 exploration well (the "Cuisinier North 1"), the fourth well in the 2012 Cuisinier drilling campaign on the Barta Block portion of Authority to Prospect 752P in the Cooper-Eromanga Basin, Australia, has been cased as a future oil producer. The Cuisinier North 1 well was drilled to a total depth of 2,066 metres to test the Murta and Birkhead/Hutton intervals. The DC70 sand exhibits two metres of net pay and appears to be positioned on an oil bearing trend similar to that discovered at the Cuisinier 6 well. This is supported by a preliminary pressure survey from the well indicating virgin pressures in the DC70 sand at Cuisinier North 1. A series of thin Birkhead and Hutton sands with modest oil shows and fluorescence were also encountered and these shows may be helpful in defining new exploration drilling targets for the area. Bengal Energy Ltd.
shares T.BNG are trading unchanged at $0.70.
