Bengal Energy Ltd. (T:BNG)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Suite 1110, 715 5th Ave S.W. CALGARY AB T2P 2X6 |
| Tel: | N/A |
| Website: | https://bengalenergy.ca |
| IR: | See website |
| Key People | ||
| Robert David Steele Chairman of the Board | Chayan Chakrabarty President, Chief Executive Officer, Director | Jerrad Blanchard Chief Financial Officer |
| Kai Christoph Eberspaecher Chief Operating Officer | Richard N. Edgar Executive Vice President | |
| Business Overview |
| Bengal Energy Ltd. an international oil and gas exploration and production company with producing and prospective light oil-weighted onshore assets in Australia's Cooper Basin. The Company is involved in the exploration, development and production of oil and gas reserves in Australia. Its core Australian assets, Petroleum Lease (PL) 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses are situated within an area of the Cooper Basin that is served with production infrastructure and take-away capacity for produced crude oil and natural gas. It has two PLs on the former ATP 752 Barta block, PL 303, and PL 1028, in addition to three PCAs, PCA 206, PCA 207 Barta West and PCA 155 Wompi block-Nubba/Yilgarn. The Company also holds four PLs including a pipeline license PPL 138 adjacent to the 100% owned ATP 934. Its wholly owned subsidiaries include Bengal Energy Australia (Pty) Ltd. and Bengal Energy International Inc. |
| Financial Overview |
| For the nine months ended 31 December 2023, Bengal Energy Ltd revenues decreased 17% to C$4.8M. Net loss totaled C$1.1M vs. income of C$1.5M. Revenues reflect Australia segment decrease of 16% to C$5.2M. Net loss reflects Average Production Costs per unit, Total increase of 2% to C$50.05 per barrel, Other income decrease of 97% to C$29K (income). |
| Employees: | 6 as of Mar 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $11.38M as of Dec 31, 2023 |
| Annual revenue (TTM): | $6.60M as of Dec 31, 2023 |
| EBITDA (TTM): | $0.47M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.48M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 485,304,215 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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