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Bengal Energy Announces Fiscal 2025 First Quarter Results

Bengal Energy Announces Fiscal 2025 First Quarter Results

孟加拉能源宣佈2025財年第一季度業績
newsfile ·  08/13 09:46

Calgary, Alberta--(Newsfile Corp. - August 12, 2024) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial and operating results for the first quarter of fiscal 2025 ended June 30, 2024.

艾伯塔省卡爾加里--(Newsfile Corp.,2024年8月12日)——孟加拉能源有限公司(多倫多證券交易所股票代碼:BNG)(「孟加拉」 或 「公司」)今天公佈了截至2024年6月30日的2025財年第一季度的財務和經營業績。

FIRST-QUARTER FISCAL 2025 HIGHLIGHTS:

2025財年第一季度亮點:

The following is an overview of the financial and operational results during the three- months ending June 30, 2024. All amounts are in Canadian funds unless otherwise noted:

以下是截至2024年6月30日的三個月的財務和運營業績概述。除非另有說明,否則所有金額均以加拿大基金計算:

Financial Summary:

財務摘要:

  • Sales revenue - Crude oil sales revenue was $1.9 million in the first quarter of fiscal 2025, 14% higher than $1.7 million in Q1 fiscal 2024. Production decreased by 2% in Q1 fiscal 2025 compared to Q1 fiscal 2024, offset by a 16% increase in realized price at US$90.35/bbl in Q1 fiscal 2025 compared to US$79.62/bbl in Q1 fiscal 2024.
  • Funds from (used in) operations[1]- Funds from operations were $0.2 million during Q1 fiscal 2025 compared to $nil in Q1 fiscal 2024 due to higher revenue as described above.
  • Net income - Bengal reported a net loss of $0.2 million in the current quarter compared to net loss of $0.4 million in Q1 fiscal 2024, the reduction in net loss was primarily attributed to higher revenue as described above.
  • 銷售收入——2025財年第一季度原油銷售收入爲190萬美元,比2024財年第一季度的170萬美元增長14%。與2024財年第一季度相比,2025財年第一季度的產量下降了2%,但與2024財年第一季度的79.62美元相比,2025財年第一季度的已實現價格上漲了16%,達到每桶90.35美元。
  • 來自(用於)運營的資金 [1]-由於上述收入增加,2025財年第一季度的運營資金爲20萬美元,而2024財年第一季度的運營資金爲零美元。
  • 淨收益-孟加拉報告稱,本季度淨虧損20萬美元,而2024財年第一季度的淨虧損爲40萬美元,淨虧損的減少主要歸因於上述收入的增加。

Operational Summary:

操作摘要:

  • Production volumes - The Company's share of total Cuisinier production in the current quarter was 15,793 bbls (174 bbl/d), a decrease of 2% compared to production of 16,058 bbls (176 bbl/d) in the first quarter of fiscal 2024. The C16 well was offline for over half of the quarter accounting for approximately 6 bbl/d of deferred production net to Bengal for the current quarter.

  • Capital expenditures - There was limited capital activity during the current quarter. Bengal has delayed its capital programs subject to the availability of financing.

  • 產量——該公司在本季度Cuisinier總產量中所佔份額爲15,793桶(174桶/日),與2024財年第一季度的16,058桶(176桶/日)的產量相比下降了2%。C16油井在本季度的一半以上處於脫機狀態,佔本季度孟加拉延期產量的淨產量約爲6億桶/日。

  • 資本支出——本季度的資本活動有限。孟加拉已推遲其資本計劃,但須視融資情況而定。

OPERATING SUMMARY

操作摘要

($000s except per share, %, volumes and operating netback(1) amounts Three months ended
June 30,
2023
2022
Oil revenue $ 1,902
$ 1,672
Operating netback(1) $ 1,012
$ 830
Cashflow (used in) from operations $ (291) $ (102)
Funds (used in) from operations(1) $ 203
$ (8)
Per share ($) (basic and diluted) $ -
$ -
Net LOSS $ (210) $ (364)
Per share ($) (basic and diluted) $ -
$ -
Capital expenditures $ 49
$ (364)
Oil volumes (bbls/d)
174

176
Operating netback(1) ($/bbl) $ 64.08
$ 51.68
(1) Non-IFRS and Other Financial Measures: refer to the Non-IFRS and Other Financial Measures section of this Press Release
(每股、百分比、交易量和營業淨回值 (1) 金額除外,000美元 三個月結束了
6月30日
2023
2022
石油收入 $ 1,902
$ 1,672
運營淨回值 (1) $ 1,012
$ 830
來自運營的現金流(用於) $ (291) $ (102)
來自運營的資金(用於)(1) $ 203
$ (8)
每股(美元)(基本和攤薄後) $ -
$ -
淨虧損 $ (210) $ (364)
每股(美元)(基本和攤薄後) $ -
$ -
資本支出 $ 49
$ (364)
油量(桶/天)
174

176
運營淨回值 (1) (美元/桶) $ 64.08
$ 51.68
(1) 非國際財務報告準則和其他財務指標:請參閱本新聞稿的非國際財務報告準則和其他財務指標部分

Bengal has filed its consolidated financial statements and management's discussion and analysis for the quarter end June 30, 2024, with the Canadian securities regulators. The documents are available on SEDAR at or by visiting Bengal's website at .

孟加拉已向加拿大證券監管機構提交了截至2024年6月30日的季度合併財務報表以及管理層的討論和分析。這些文件可在SEDAR上獲得,也可以通過訪問孟加拉的網站獲得,網址爲。

BUSINESS OVERVIEW

業務概述

Bengal's producing and non-producing assets are situated in Australia's Cooper Basin, a region featuring large accumulations of very light and high-quality crude oil and natural gas. The Company's core Australian assets, Petroleum Lease ("PL") 303 Cuisinier, Authority to Prospect ("ATP") 934 Barrolka, Potential Commercial Area ("PCA") 332 (Formerly ATP 732) Tookoonooka, and four petroleum licenses are situated within an area of the Cooper Basin that is well served with production infrastructure and take-away capacity for produced crude oil and natural gas. Still in early stages in terms of appraisal and development, Bengal believes these assets offer attractive upside potential for both oil and gas. Australia presents a stable political, fiscal, and economic environment in which to operate, and a favourable royalty regime for oil and gas production. In addition, Bengal owns a 26km 6" high pressure gas pipeline (PPL 138) connecting the Wareena field to a large raw gas network passing Bengal's prospects at ATP 934.

孟加拉的生產和非生產資產位於澳大利亞的庫珀盆地,該地區儲存着大量非常輕質和高質量的原油和天然氣。該公司的澳大利亞核心資產,石油租賃(「PL」)303 Cuisinier、勘探管理局(「ATP」)934 Barrolka、潛在商業區(「PCA」)332(前身爲ATP 732)和四份石油許可證位於庫珀盆地的一個區域內,該地區擁有良好的生產基礎設施和已生產原油和天然氣的外賣能力。孟加拉認爲,這些資產在評估和開發方面仍處於早期階段,爲石油和天然氣提供了誘人的上行潛力。澳大利亞爲石油和天然氣生產提供了穩定的政治、財政和經濟環境,也爲石油和天然氣生產提供了有利的特許權使用費制度。此外,孟加拉擁有一條長26千米的6英寸高壓天然氣管道(PPL 138),將瓦雷納油田與穿過孟加拉前景的ATP 934的大型原氣網絡連接起來。

Under the State of Queensland Regulatory process, ATPs are granted by the State generally for twelve years with one-third of the original grant area expiring every four years. At the end of the final term of the ATP, an application can be made to continue a portion of the permit in the form of a Potential Commercial Area ("PCA"). PCAs have a life span of five to fifteen years. PCA applications include a commercial viability report that indicates that the area is likely to be commercially viable within the applied term. This allows for extra time to commercialize any identified Resource. These PCAs remain a part of the ATP until expiry. If a discovery of oil or gas is made, an application for a PL is made to allow for production. PLs are granted for up to a thirty-year term.

根據昆士蘭州的監管程序,ATP的發放期通常爲十二年,原始撥款面積的三分之一每四年到期。在ATP的最後期限結束時,可以申請以潛在商業區(「PCA」)的形式延續部分許可證。PCA 的使用壽命爲五到十五年。五氯苯甲醚的申請包括一份商業可行性報告,該報告表明該地區在適用期限內可能具有商業可行性。這樣可以有更多時間將任何已識別的資源商業化。這些 PCA 在到期之前一直是 ATP 的一部分。如果發現了石油或天然氣,則會申請PL以允許生產。PL 的授予期限最長爲三十年。

Bengal has a 30.375% interest in two PLs on the former ATP 752 Barta block, PL 303 and PL 1028. In addition, the Company has three PCAs associated with ATP 752 which are the Barta block, PCA 206 and PCA 207 and PCA 155 in the Wompi block which contains the Nubba well. Bengal also holds a 100% working interest in four PLs including PPL 138 adjacent to the 100% owned ATP 934.

孟加拉持有前ATP 752 Barta區塊的兩個PL,即PL 303和PL 1028的30.375%的權益。此外,該公司還有三種與ATP 752相關的多氯聯苯,即Barta區塊、PCA 206和PCA 207以及包含努巴油井的Wompi區塊中的PCA 155。孟加拉還持有包括PPL 138在內的四個PL的100%營運權益,與100%所有權的ATP 934相鄰。

Following extensive public consultation, in late December 2023 the Queensland government released a document outlining its plans for increased restrictions to petroleum activities within the rivers and floodplains area of the Lake Eyre Basin (LEB) catchment. Bengal Energy areas affected by this are the western portion of the Durham Downs block (ATP 934) where Bengal holds a 40% interest and PCA 115 (Nubba)(ATP 752 Wompi) in which Bengal holds a 38% interest. Of these permits, work can continue to develop gas resources under an existing petroleum lease. All other permits will have until August 30, 2024, to obtain a petroleum lease without which all activities will need to cease.

經過廣泛的公衆諮詢,昆士蘭州政府於2023年12月下旬發佈了一份文件,概述了其在艾爾湖盆地(LEB)集水區的河流和洪泛區內增加對石油活動的限制的計劃。受此影響的孟加拉能源地區是達勒姆唐斯區塊(ATP 934)的西部,孟加拉持有40%的權益,以及孟加拉持有38%權益的PCA 115(努巴)(ATP 752 Wompi)。在這些許可證中,可以在現有石油租賃下繼續開發天然氣資源。所有其他許可證必須在2024年8月30日之前獲得石油租約,否則所有活動都需要停止。

In the Wompi portion of the Bengal ATP 752 permit (Bengal 38.5% WI) the discovered volumes of natural gas in the Nubba well are deemed too small for commerciality, and Bengal and partners will move to relinquish this block. In the western portion of ATP 934 in the Durham Downs East block (Bengal 40% W.I.) which is the part of ATP 934 which was farmed out, the operator is expected to withdraw from the permit subject to the terms of the Joint Operating Agreement (JOA) leaving Bengal with 100% interest. Bengal anticipates relinquishing this interest and is working with the regulator to secure favourable relinquishment terms. Neither of these assets have any carrying value in the Company's financial statements. Bengal Prospects within Barrolka East (ATP 934 - 100% WI), Ghina (PL 1109 - 100% WI), Wareena (PL 1110 - 100% WI), Ramses PL 411, Karnak PL 188 and Tookoonooka (PCA 332 - 100% WI) are unaffected.

在孟加拉ATP 752許可證(威斯康星州孟加拉 38.5%)的Wompi部分中,努巴油井中發現的天然氣量被認爲太小,無法用於商業用途,孟加拉及其合作伙伴將開始放棄該區塊。在達勒姆唐斯東區ATP 934的西部(孟加拉 40% W.I.),該區塊是已開採的ATP 934的一部分,預計該運營商將退出許可證,但須遵守聯合運營協議(JOA)的條款,使孟加拉國擁有100%的權益。孟加拉預計將放棄這種權益,並正在與監管機構合作,以確保有利的放棄條款。這兩項資產在公司的財務報表中均沒有任何賬面價值。東巴羅爾卡(ATP 934-100% 威斯康星州)、吉納(PL 1109-100% 威斯康星州)、瓦雷納(PL 1110-100% 威斯康星州)、拉美西斯PL 411、Karnak PL 188和Tookoonooka(PCA 332-100% 威斯康星州)內的孟加拉前景沒有受到影響。

AUSTRALIA - Cooper Basin, Queensland

澳大利亞-昆士蘭州庫珀盆地

PL303 and PL 1028 Cuisinier (controlling permit ATP 752) (30.357% WI)
The Company continues to evaluate the results of its water injection program at Cuisinier. The injection of produced formation water has resulted in both increased production in up to four offsetting wells and reduced water handling charges. Whilst the JV has observed compelling evidence that the overall field decline has been temporarily arrested with a modest upward trend in oil production during periods of operation, the water injection program has suffered from extended shut-in periods due to equipment failure and lack of available replacement parts. The program was intermittently operational during Q1 fiscal 2025. Bengal continues to challenge the Operator on this performance shortfall.

PL303 和 PL 1028 Cuisinier(控制許可 ATP 752)(威斯康星州 30.357%)
該公司繼續評估其在Cuisinier的注水計劃的結果。產出的地層水的注入既提高了多達四口補水井的產量,又降低了水處理費用。儘管合資企業已觀察到令人信服的證據,表明油田總體下降已暫時停止,石油產量在運營期間呈溫和上升趨勢,但由於設備故障和缺乏可用的替換零件,注水計劃停產時間延長。該計劃在2025財年第一季度間歇性運營。Bengal繼續就這種性能不足向運營商提出質疑。

PL 114 Wareena, PL 157 Ghina, PL 188 Ramses, PL 411 Karnak, PPL 138 pipeline (100% WI)

PL 114 Wareena、PL 157 Ghina、PL 188 Ramses、PL 411 Karnak、PPL 138 管道(100% 威斯康星州)

The Company has a 100% working interest in four PLs and a natural gas pipeline connected to transportation infrastructure into the Eastern Australia Gas Market. These non-productive PLs are compatible and close to ATP 934. Bengal continues to integrate subsurface data from the PLs to enhance the Company's understanding of ATP 934 and to finalize the selection of exploration and appraisal drilling locations.

該公司在四個 PL 和一條與通往東澳大利亞天然氣市場的運輸基礎設施相連的天然氣管道中擁有 100% 的營運權益。這些非生產性 PL 是兼容的,接近 ATP 934。Bengal繼續整合來自PL的地下數據,以增強公司對ATP 934的理解,並最終確定勘探和評估鑽探地點的選擇。

Included in this program is the reinstatement of two gas wells and an existing gas pipeline to produce raw gas into existing infrastructure at PL 114 Wareena. The Company completed workover activities at Wareena 1 and Wareena 5 in November 2022. Initial test results indicate Wareena 1 would require additional stimulation and dewatering to yield commercial production rates. The Company is encouraged by wellhead pressure measured at Wareena 5 and therefore additional testing is justified. If this testing yields commercial rates, Bengal would be able to tie-in the producing well to pipeline PPL 138.

該計劃包括恢復兩口氣井和一條現有的天然氣管道,將原氣生產到PL 114 Wareena的現有基礎設施。該公司於2022年11月完成了在Wareena 1和Wareena 5的修繕活動。初步測試結果表明,Wareena 1需要額外的刺激和脫水才能產生商業生產率。該公司對在Wareena 5測得的井口壓力感到鼓舞,因此進行額外測試是合理的。如果這項測試得出商業費率,孟加拉將能夠將產油井與PPL 138號管道配對。

The 100% ownership of these assets presents an appraisal and development opportunity that will be operated by the Company and is seen as a key steppingstone for Bengal's natural gas platform upon which future development and appraisal work at the existing PLs and exploration growth through ATP 934 can be undertaken.

這些資產的100%所有權提供了評估和開發機會,該機會將由公司運營,並被視爲孟加拉天然氣平台的關鍵基石,在此基礎上,現有石油公司的未來開發和評估工作以及通過ATP 934進行勘探增長。

ATP 732 Tookoonooka (100% WI)
Bengal conducted an acid treatment in 2022 on the Caracal-1 well to improve well bore inflow with positive results and moderate inflow of very light 53-degree gravity oil from the Wyandra zone. While not immediately commercially viable, these results are being evaluated with the possibility of fracture stimulation to further enhance productivity being put in place. The well is currently suspended with shut-in pressure data being monitored.

ATP 732 Tookoonooka(100% 威斯康星州)
孟加拉於2022年對卡拉卡爾-1井進行了酸處理,以改善井眼流入,取得了積極的效果,並從懷安德拉地區適度流入了53度的超輕重力油。儘管這些結果無法立即在商業上切實可行,但正在評估中,有可能通過骨折刺激來進一步提高生產率。該油井目前處於暫停狀態,正在監測關閉壓力數據。

ATP 732 reached the end of its term in March of 2023 and the Company lodged an application over the northern portion of the ATP for continuation in the form of PCA 332 for a further 15 years. Based on the positive results from Caracal-1, the application was approved on January 30, 2023. In addition, the Company is assessing farm-in interest on other 3D defined drilling targets on PCA 332. The PCA, granted by the Queensland Government in record time, provides much-needed certainty for Bengal to focus on its hydrocarbon projects in the Talgeberry-Tintaburra corridor. The majority of PCA 332 is covered by 3D seismic which has outlined the prospective targets as described in the Company's press release: "Bengal Energy Announces Independent Oil and Natural Gas Resource Report" dated March 30, 2022. The Company has announced the completion of its Field Resource Maturation and Development Plan for its Tookoonooka PCA332 on March 14, 2024.

ATP 732的任期於2023年3月結束,該公司在ATP的北部提出申請,要求以PCA 332的形式再延續15年。根據卡拉卡爾一號的積極結果,該申請於2023年1月30日獲得批准。此外,該公司正在評估PCA 332上其他三維定義鑽探目標的農場利益。昆士蘭州政府在創紀錄的時間內批准的PCA爲孟加拉國將重點放在塔爾格貝里-廷塔布拉走廊的碳氫化合物項目上提供了急需的確定性。PCA 332的大部分內容都由三維地震覆蓋,三維地震概述了該公司2022年3月30日的新聞稿:「孟加拉能源發佈獨立石油和天然氣資源報告」 中所述的潛在目標。該公司宣佈於2024年3月14日完成其Tookoonooka PCA332 的油田資源成熟與開發計劃。

ATP 934 Barrolka East (100% WI)
ATP 934 is the Company's 100% owned natural gas exploration block. Bengal received approval of a special amendment for ATP 934 in March 2021 which relinquished 50% of the existing ATP area and extended the term of the ATP by entering an outcome based the Later Work Permit ("LWP") for another 6 years to February 28, 2027. As part of the special amendment, another relinquishment of 118 sub blocks (50% of the remaining sub blocks) (88,972 acres) was required by February 28, 2023. The relinquishment was made and accepted by the regulator during April 2023. The relinquished area was not considered prospective by the Company due to the lack of identified prospects and limited physical access. The current LWP includes the drilling of up to 3 wells and acquisition of 260 km2 of 3D seismic.

ATP 934 巴羅卡東部(100% 威斯康星州)
ATP 934是該公司100%擁有的天然氣勘探區塊。孟加拉於2021年3月獲得ATP 934特別修正案的批准,該修正案放棄了現有ATP區域的50%,並通過輸入基於結果的後期工作許可證(「LWP」)將ATP的期限再延長6年,至2027年2月28日。作爲特別修正案的一部分,要求在2023年2月28日之前再次放棄118個子區塊(佔剩餘子區塊的50%)(88,972英畝)。該放棄是在2023年4月作出的,監管機構接受了。由於缺乏已確定的前景且實際准入有限,該公司不認爲該放棄區域具有前景。當前的 LWP 包括鑽探多達 3 口井和採集 260 平方千米的三維地震探測。

AC/RL 10 Katandra (100% WI)

AC/RL 10 卡坦德拉(100% 威斯康星州)

The Katandra permit is in the offshore Ashmore-Cartier region of the Timor Sea and holds the Katandra 1 oil discovery and the up-dip, Katandra North opportunity. The opportunity is hosted in the prolific Berriasian sandstones of the Upper Vulcan Formation. Bengal has entered into a binding term sheet agreement with an undisclosed party which grants an option to acquire an 80% working interest in the prospect in exchange for assignment of operatorship and carrying out of all administrative support activities and possible future financing arrangements on the permit until such time as the applied for five year extension of the permit has been approved by the regulatory authority and the option has been exercised by the option holder.

Katandra許可證位於帝汶海的阿什莫爾-卡地亞近海地區,擁有Katandra 1號石油發現和Katandra North的上游機會。機會位於上火神組多產的貝里亞西亞砂岩中。孟加拉已與一個未公開的當事方簽訂了具有約束力的條款表協議,該協議授予了收購該前景80%工作權益的期權,以換取運營權、開展所有行政支持活動以及未來可能的許可證融資安排,直到監管機構批准將許可證延期五年的申請並且期權持有人行使期權爲止。

Business Development
Bengal is in ongoing discussions about potential farm-out opportunities surrounding its exploration and development portfolio and other corporate initiatives aimed at increasing shareholder value. The Company is unable to estimate the chance of success or update status until the culmination of any or all these initiatives.

業務發展
孟加拉正在討論圍繞其勘探和開發投資組合以及其他旨在增加股東價值的公司舉措的潛在分包機會。在任何或所有這些舉措達到頂峯之前,公司無法估計成功的機會或更新狀態。

Non-IFRS and Other Financial Measures

非國際財務報告準則和其他財務指標

Non-IFRS Financial Measures

非國際財務報告準則財務指標

Within this Press Release, references are made to terms commonly used in the oil and gas industry. Operating netback, operating netback per barrel, funds from operations, funds from operations per share, adjusted net income, and adjusted net income per share do not have any standardized meaning under IFRS and are referred to as non-IFRS measures. Management believes the presentation of the non-IFRS measures above provides useful information to investors and shareholders as the measures provide increased transparency and the ability to better analyze performance against prior periods on a comparable basis.

在本新聞稿中,提到了石油和天然氣行業常用的術語。根據國際財務報告準則,運營淨回值、每桶營業淨回值、運營資金、每股運營資金、調整後淨收益和調整後每股淨收益沒有任何標準化含義,被稱爲非國際財務報告準則衡量標準。管理層認爲,上述非國際財務報告準則指標的列報爲投資者和股東提供了有用的信息,因爲這些指標提高了透明度,並且能夠在可比基礎上更好地分析前期的業績。

Operating Netback

運營淨回報

Bengal utilizes operating netback as a key performance indicator and is utilized by Bengal to better analyze the operating performance of its petroleum and natural gas assets against prior periods. Operating netback is calculated oil sales deducting royalties and operating expenses. The following table reconciles petroleum and natural gas revenue to netback:

孟加拉利用運營淨回值作爲關鍵績效指標,並被孟加拉用來更好地分析其石油和天然氣資產與前一時期相比的經營業績。運營淨回報是石油銷售額扣除特許權使用費和運營費用計算得出的。下表將石油和天然氣收入與淨回報進行了對賬:

Operating netback
Three months ended
June 30,
($000s)
2023

2022
Oil sales
1,902

1,672
Royalties
(143)
(113)
Operating expenses
(747)
(729)
Operating Netback
1,012

830
運營淨回報
三個月結束了
6月30日
(000 美元)
2023

2022
石油銷售
1,902

1,672
特許權使用費
(143)
(113)
運營費用
(747)
(729)
運營淨回報
1,012

830

Funds from operations

運營資金

Management utilized funds from operations as a measure to assess the Company's ability to generate cash not subject to short-term movements in non-cash operating working capital. Funds from operations is calculated by adding back all non-cash expense deductions to the net loss for the quarter and year. The following table reconciles cash from operations to funds from (used in) operations, which is used in this MD&A:

管理層利用運營資金作爲衡量標準,評估公司產生不受非現金運營營運資金短期變動影響的現金的能力。運營資金的計算方法是將所有非現金支出扣除額與本季度和年度的淨虧損相加。下表將運營現金與運營資金(用於)業務資金進行對賬,該資金用於本管理與分析:

Funds from operations
Three months ended
June 30,
($000s)
2023

2022
Cash flow (used in) from operations per financial statements
(291)
(102)
Changes in non-cash working capital
494

94
Funds (used in) from operations
203

(8)
運營資金
三個月結束了
6月30日
(000 美元)
2023

2022
每份財務報表的運營現金流(用於)
(291)
(102)
非現金營運資金的變化
494

94
運營資金(用於)
203

(8)

Working capital

營運資金

Bengal uses working capital to monitor its capital structure, liquidity, and its ability to fund current operations. Working capital is calculated as current assets less current liabilities but excludes other obligations and the current portion of decommissioning obligations.

孟加拉使用營運資金來監控其資本結構、流動性及其爲當前業務提供資金的能力。營運資金按流動資產減去流動負債計算,但不包括其他債務和退役債務的流動部分。

Non-IFRS Financial Ratios

非國際財務報告準則財務比率

Bengal uses operating netback per share to assess the Company's operating performance on a per unit of production basis. Operating netback per barrel equals operating netback divided by the applicable number of barrels.

孟加拉使用每股營業淨回值來評估公司每單位產量的經營業績。每桶營業淨回值等於營業淨回值除以適用的桶數。

Operating netback per barrel
Three months ended
June 30,
($/bbl)
2023

2022
Oil sales
120.43

104.12
Royalties
(9.05)
(7.04)
Operating expenses
(47.30)
(45.40)
Operating Netback
64.08

51.68
每桶運營淨回報
三個月結束了
6月30日
($/bbl)
2023

2022
石油銷售
120.43

104.12
特許權使用費
(9.05)
(7.04)
運營費用
(47.30)
(45.40)
運營淨回報
64.08

51.68

Bengal uses funds from operations per share to assess the ability of the Company to generate the funds necessary for financing, operating, and capital activities on a per-share basis. This is a non-IFRS measure calculated by dividing funds from operations by weighted average basic and diluted shares outstanding for the periods disclosed.

Bengal使用每股運營資金來評估公司在每股基礎上籌集融資、運營和資本活動所需資金的能力。這是一項非國際財務報告準則衡量標準,計算方法是將運營資金除以披露期內已發行基本股和攤薄後股票的加權平均值。

About Bengal

關於孟加拉

Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company is committed to growing shareholder value through international exploration, production, and acquisitions. Bengal's common shares trade on the TSX under the symbol "BNG". Additional information is available at .

Bengal Energy Ltd.是一家國際初級石油和天然氣勘探與生產公司,在澳大利亞擁有資產。公司致力於通過國際勘探、生產和收購來增加股東價值。孟加拉的普通股在多倫多證券交易所上市,股票代碼爲 「BNG」。其他信息可在以下網址獲得。

CAUTIONARY STATEMENTS:

警示聲明:

Forward-Looking Statements

前瞻性陳述

This news release contains certain forward-looking statements or information ("forward-looking statements") as defined by applicable securities laws that involve substantial known and unknown risks and uncertainties, many of which are beyond Bengal's control. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words "plan", "expect", "future", "prospective", "project", "intend", "believe", "should", "would," "anticipate", "estimate", or other similar words or statements that certain events "may" or "will" occur are intended to identify forward-looking statements. The projections, estimates and beliefs contained in such forward-looking statements are based on management's estimates, opinions, and assumptions at the time the statements were made, including assumptions relating to: the impact of economic conditions in North America and Australia and globally; industry conditions; changes in laws and regulations including, without limitation, the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; increased competition; the availability of qualified operating or management personnel; fluctuations in commodity prices, foreign exchange or interest rates; stock market volatility and fluctuations in market valuations of companies with respect to announced transactions and the final valuations thereof; results of exploration and testing activities; and the ability to obtain required approvals and extensions from regulatory authorities. We believe the expectations reflected in those forward-looking statements are reasonable but, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Bengal will derive from them. As such, undue reliance should not be placed on forward-looking statements.

本新聞稿包含適用的證券法所定義的某些前瞻性陳述或信息(「前瞻性陳述」),這些陳述或信息涉及大量已知和未知的風險和不確定性,其中許多是孟加拉無法控制的。這些陳述與未來的事件或我們的未來表現有關。除歷史事實陳述以外的所有陳述都可能是前瞻性陳述。使用 「計劃」、「預期」、「未來」、「前景」、「項目」、「打算」、「相信」、「應該」、「將」、「預期」、「估計」 等任何詞語,或某些事件 「可能」 或 「將」 發生的其他類似詞語或陳述,均旨在識別前瞻性陳述。此類前瞻性陳述中包含的預測、估計和信念基於管理層在發表聲明時的估計、觀點和假設,包括與以下方面的假設:北美和澳大利亞乃至全球經濟狀況的影響;行業狀況;法律法規的變化,包括但不限於新的環境法律法規的通過及其解釋和執行方式的變化;競爭加劇;合格運營或管理的可用性人員;商品價格、外匯或利率的波動;股票市場的波動和公司在已公佈交易及其最終估值方面的市場估值的波動;勘探和測試活動的結果;以及獲得監管機構所需批准和延期的能力。我們認爲這些前瞻性陳述中反映的預期是合理的,但是,無法保證前瞻性陳述所預期的任何事件都會發生或發生,也無法保證孟加拉將從中獲得什麼好處。因此,不應過分依賴前瞻性陳述。

Forward-looking statements contained herein include, but are not limited to, statements regarding:

此處包含的前瞻性陳述包括但不限於有關以下內容的陳述:

  • Bengal's multi-phase water injection scheme, targeted fracture stimulation and the results thereof at ATP 752;

  • Bengal's development plans for its four PLs at ATP 934.

  • 孟加拉的多階段注水方案、有針對性的骨折刺激及其在ATP 752上的結果;

  • 孟加拉在ATP 934上爲其四個PL制定的發展計劃。

The forward-looking statements contained herein are subject to numerous known and unknown risks and uncertainties that may cause Bengal's actual financial results, performance or achievement in future periods to differ materially from those expressed in, or implied by, these forward-looking statements, including but not limited to, risks associated with: the failure to obtain required regulatory approvals or extensions; the failure to satisfy the conditions under farm-in and joint venture agreements; the failure to secure required equipment and personnel; changes in general global economic conditions including, without limitations, the economic conditions in North America and Australia; increased competition; the availability of qualified operating or management personnel; fluctuations in commodity prices, foreign exchange or interest rates; changes in laws and regulations including, without limitation, the adoption of new environmental and tax laws and regulations and changes in how they are interpreted and enforced; the results of exploration and development drilling and related activities; the ability to access sufficient capital from internal and external sources; and stock market volatility. Readers are encouraged to review the material risks discussed in Bengal's annual information form for the year ended March 31, 2024, under the heading "Risk Factors" and in Bengal's management's discussion and analysis for the Q3 of the fiscal year ending March 31, 2024, under the heading "Risk Factors". The Company cautions that the foregoing list of assumptions, risks, and uncertainties is not exhaustive. The forward-looking statements contained in this news release speak only as of the date hereof and Bengal does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

此處包含的前瞻性陳述存在許多已知和未知的風險和不確定性,這些風險和不確定性可能導致孟加拉國未來時期的實際財務業績、業績或成就與這些前瞻性陳述所表達或暗示的存在重大差異,包括但不限於與以下相關的風險:未能獲得所需的監管批准或延期;未能滿足農場和合資協議的條件;未能獲得所需的設備和人員;變動總體全球經濟狀況,包括但不限於北美和澳大利亞的經濟狀況;競爭加劇;合格運營或管理人員的供應;大宗商品價格、外匯或利率的波動;法律法規的變化,包括但不限於新的環境和稅收法律法規的通過及其解釋和執行方式的變化;勘探和開發鑽探及相關活動的結果;獲取能力來自內部和外部來源的充足資本;以及股市的波動。鼓勵讀者在 「風險因素」 標題下查看孟加拉截至2024年3月31日的年度信息表中討論的重大風險,以及孟加拉管理層在截至2024年3月31日的財年第三季度的 「風險因素」 標題下討論和分析中討論的重大風險。公司警告說,上述假設、風險和不確定性清單並不詳盡。本新聞稿中包含的前瞻性陳述僅代表截至本新聞稿發佈之日,除非適用的證券法有要求,否則孟加拉不承擔任何義務公開更新或修改這些陳述以反映新的事件或情況。

Selected Definitions

精選定義

The following terms used in this news release have the meanings set forth below:

本新聞稿中使用的以下術語的含義如下:

bbl. - barrel
bbls - barrels
bbls/d -barrels per day
$/bbl - dollars per barrel
Q1- three months ended June 30
Q2- three months ended September 30
Q4 - three months ended March 31

bbl。-桶
bbls-桶
bbls/d-每天桶
$/bbl-每桶美元
第一季度——截至6月30日的三個月
第二季度——截至9月30日的三個月
第四季度——截至3月31日的三個月

Non-IFRS Measurements

非國際財務報告準則的衡量標準

Within this news release, references are made to terms commonly used in the oil and gas industry. Funds from (used in) operations, funds from (used in) operations per share, operating netback, netback per bbl, adjusted net income (loss) and adjusted net income (loss) per share do not have any standardized meaning under IFRS and previous GAAP and are referred to as non-IFRS measures. Funds from (used in) operations per share are calculated based on the weighted average number of common shares outstanding consistent with the calculation of net income (loss) per share. Operating netback includes realized losses on financial instruments. Netback per bbl is calculated by dividing revenue (including realized loss on financial instruments) less royalties, and operating expenses by the total production of the Company measured in bbl. Adjusted net income (loss) and adjusted net income (loss) per share are calculated based on Net income (loss) plus unrealized loss (gain) on financial instruments less unrealized foreign exchange loss (gain) and non-cash impairment of non-current assets. The Company's calculation of the non-IFRS measures included herein may differ from the calculation of similar measures by other issuers. Therefore, the Company's non-IFRS measures may not be comparable to other similar measures used by other issuers. Funds from operations is not intended to represent operating profit for the period nor should it be viewed as an alternative to operating profit, net income, cash flow from operations or other measures of financial performance calculated in accordance with IFRS. Non-IFRS measures should only be used with the Company's annual audited and interim financial statements. A reconciliation of these measures can be found in the tables on pages 16 of Bengal's management's discussion and analysis for the fiscal year ending March 31, 2024.

在本新聞稿中,提到了石油和天然氣行業常用的術語。根據《國際財務報告準則》和先前的公認會計原則,來自(用於)運營資金、每股運營資金、營業淨回值、每桶淨回報、調整後淨收益(虧損)和調整後每股淨收益(虧損)沒有任何標準化含義,被稱爲非國際財務報告準則指標。來自(用於)每股運營的資金是根據與每股淨收益(虧損)計算一致的已發行普通股的加權平均數計算得出的。營業淨回值包括金融工具的已實現虧損。每桶淨回報的計算方法是將收入(包括金融工具的已實現虧損)減去特許權使用費,運營費用除以公司以桶爲單位的總產量。調整後的每股淨收益(虧損)和調整後淨收益(虧損)是根據淨收益(虧損)加上金融工具的未實現虧損(收益)減去非流動資產的未實現外匯虧損(收益)和非現金減值計算的。公司對本文所含非國際財務報告準則指標的計算可能與其他發行人對類似指標的計算有所不同。因此,該公司的非國際財務報告準則指標可能無法與其他發行人使用的其他類似指標相提並論。運營資金不代表該期間的營業利潤,也不應將其視爲營業利潤、淨收入、運營現金流或其他根據國際財務報告準則計算的財務業績衡量標準的替代方案。非國際財務報告準則指標只能用於公司的年度審計和中期財務報表。這些措施的對賬可以在孟加拉管理層關於截至2024年3月31日的財政年度的討論和分析的第16頁的表格中找到。

Disclosure of Oil and Gas Information

石油和天然氣信息的披露

This document discloses test results which are not necessarily indicative of long-term performance or of ultimate recovery.

本文件披露的測試結果不一定表示長期表現或最終復甦。

FOR FURTHER INFORMATION PLEASE CONTACT:

欲了解更多信息,請聯繫:

Bengal Energy Ltd.
Chayan Chakrabarty, President & Chief Executive Officer Jerrad Blanchard, Chief Financial Officer
(403) 205-2526
Email:
investor.relations@bengalenergy.ca Website:

孟加拉能源有限公司
Chayan Chakrabarty,總裁兼首席執行官傑拉德·布蘭查德,首席財務官
(403) 205-2526
電子郵件:investor.relations@bengalenergy.ca 網站:

________________________
1 Non-IFRS and Other Financial Measures are defined in the Non-IFRS and Other Financial Measures section of this press release.

______________________
1 非國際財務報告準則和其他財務指標在本新聞稿的非國際財務報告準則和其他財務指標部分中定義。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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