Bengal Energy Announces Drilling Results Of Koki Exploration Well In Australia's Cooper Basin

Bengal Energy Ltd. (“Bengal” or the “Company”) announces that the Barta Block joint venture, in which the Company holds a 30.4% working interest, has completed drilling operations at Koki-1 (the “Koki-1 Well”), the first of two planned exploration wells to be drilled in Bengal’s Cuisinier ("ATP") 752P Barta Sub Block within Australia’s Cooper Basin. The Koki-1 Well failed to define a commercial hydrocarbon accumulation and has been plugged and abandoned.

The location was selected using 3D seismic data and was designed to evaluate the extent of the Murta DC 70 trend approximately four kilometers to the north of the Cuisinier Field which recently completed a successful 2014 Phase One development program. The Koki-1 Well was drilled to a vertical depth of 2,573 meters and also tested a deeper secondary Birkhead-Hutton zone. The Koki-1 Well did not encounter the targeted Murta DC70 reservoir and the secondary target indicated minor, uncommercial oil shows. The Koki-1 Well was a step-out beyond Bengal’s currently evaluated Cuisinier Field reserves area and will not have an impact on the Company’s 2014 booked reserves.

The drilling of a second exploration location in ATP 752P – Barta Sub Block is planned for August 2014, and will target the Hutton formation on an independent structural closure within the Cuisinier North 3D area. This second well is located approximately nine kilometers north of the producing Cook, Hutton oil field.