Bengal Energy Provides Cuisinier Operations Update

CALGARY, ALBERTA--(Marketwired - May 4, 2015) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") announces that the Company and its joint venture parties ("JV") have completed the Phase Two drilling campaign on ATP 752 Barta Block (Bengal's working interest 30.357%). Average gross production from the Cuisinier field in March 2015, prior to the tie-in of the new Phase Two wells and the reactivation of the Cuisinier-6 well, was approximately 1,653 barrels of oil per day ("bopd") (502 bopd net to Bengal).

The Phase Two drilling campaign exceeded Bengal's technical and commercial expectations. With three of the four cased wells now completed as oil wells, the JV has successfully expanded the pool boundaries and tested the structural flank positions for the presence of oil.

The last well of the Phase Two drilling campaign, Cuisinier-21, tested the northwest flank of the Cuisinier structure. The well encountered oil in the Murta DC70 zone with reservoir pressure at approximately 96% of virgin pressure. The Murta DC70 zone in this well came in structurally below what had been established by other producing wells. Upon perforation the Cuisinier-21 well naturally flowed approximately 380 bopd at 100% oil cut. Bengal expects production rates from the well to increase through mechanical lifting. The Cuisinier-21 results confirm a significant increase in the pool size and establish an oil column greater than 42 metres within the Murta DC70, which factors Bengal expects to contribute to an increase in the pool's discovered oil initially-in-place and reserves.

Cuisinier-20, the second of two development wells in the Phase Two drilling campaign, came in on structure, encountering a well-developed Murta DC70 channel sand that is approximately 14 metres thick, which on logs resembles Bengal's original Cuisinier-1 discovery well. To date, the Cuisinier-1 well has had cumulative production of over 192,000 barrels of oil. Cuisinier-20 has been perforated and completed as an oil well. Final on-stream production rates will be confirmed once the well is put into production. Both Cuisinier-20 and 21 are being flow line connected into Cuisinier facilities and are expected to come on stream in the coming weeks, adding to Bengal's aggregate production volumes.