Brief: Bengal Energy Q4 Sales Rises 28 Pct

Bengal Energy

20/06/2018 24:32

June 19 (Reuters) - Bengal Energy Ltd  BNG.TO :
    * Q4 SALES ROSE 28 PERCENT TO C$2.8 MILLION
    * CRUDE OIL SALES FOR Q4 OF FISCAL 2018 WERE $2.8 MILLION, A
28%
INCREASE OVER SAME QUARTER IN FISCAL YEAR 2017
    * FUNDS FLOW FROM OPERATIONS GENERATED $0.5 MILLION IN
FISCAL Q4
2018 COMPARED TO $1.6 MILLION IN FISCAL Q4 2017
    * PRODUCTION (NET TO BENGAL) IN Q4 AVERAGED 334 BARRELS PER
DAY
FOR PRODUCTION OF 30,050 BARRELS VERSUS 344 AVERAGE BARRELS PER
DAY IN Q4 2017
    * NORMAL PRODUCTION DECLINES AND REDUCED CAPITAL SPENDING
ARE
REASON FOR REDUCTION IN PRODUCTION FOR BOTH 2018 Q4 AND FULL
YEAR

Source text for Eikon:  ID:nGNX2kXs4S 
Further company coverage:  BNG.TO 

 ((Reuters.Briefs@thomsonreuters.com;))