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Bengal Energy Ltd.: Bengal Energy Announces Fiscal 2021 Third Quarter Results and Subsequent Event Notice Calgary, Alberta (Newsfile Corp. - February 12, 2021) - Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial results for the third quarter of fiscal 2021 ended December 31, 2020. Subsequent Event Notice As previously announced, Bengal has reached an agreement with its senior secured lender Westpac Banking Corporation ( Westpac ) to settle all principal amounts outstanding under the credit facility (the Credit Facility ) and extinguish the debt owing to Westpac (the Debt Settlement ). To facilitate the Debt Settlement, the Company entered into an agreement with Texada Capital Management Ltd. ( Texada ) to invest US$10 million to settle the outstanding debt plus an additional CAD$4 million to assist with the Company s working capital needs and its development activities in the Cooper Basin in the upcoming year. In exchange, ....
Calgary, Alberta (Newsfile Corp. - January 19, 2021) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") is pleased to provide an update on ongoing operational matters.Water Injection Pilot - ....