공시 • May 07
Bengal Energy Ltd. announced that it has received CAD 1.525 million in funding from Texada Capital Management Ltd and other investor. On May 5 2026. Bengal Energy Ltd. announces that it has closed the transaction. It has issued 43,571,428 common shares of the Company at CAD 0.035 per Common Share for aggregate gross proceeds of CAD 1,525,000. the Company paid a cash finder's fee equal to CAD 9,000. Texada Capital Management Ltd and a director of the Corporation participated in the transaction. Texada subscribed for Common Shares for the proceeds of CAD 1,000,000. 공시 • Apr 25
Bengal Energy Ltd. announced that it expects to receive CAD 1.515 million in funding Bengal Energy Ltd. announced a non-brokered private placement to issue 43,285,714 common shares at an issue price of CAD 0.035 for the proceeds of CAD 1,514,999.99 on April 23, 2026. The Offering is anticipated to close on or about April 30, 2026, subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange ("TSX"). The Common Shares issued pursuant to the Offering will be subject to a statutory hold period expiring four months plus a day from the closing date. W.B. (Bill) Wheeler, a director of the Company will participate for 28,571,429 Common Shares. 공시 • Apr 07
Bengal Energy Ltd. announced that it expects to receive CAD 1.145 million in funding Bengal Energy Ltd. announced that it will receive CAD 1,145,000 in a round of funding on April 6, 2026. The transaction will include participation from new lender Texada Capital Management Ltd. The company issued promissory note in the transaction. The Texada Loan is structured as a demand promissory note having a maturity date of one year from the date of advance and bearing interest at 12% per annum, payable quarterly. 공시 • Jul 16
Bengal Energy Ltd., Annual General Meeting, Sep 18, 2025 Bengal Energy Ltd., Annual General Meeting, Sep 18, 2025. Location: alberta, calgary Canada 공시 • Jul 03
Bengal Energy Ltd. Auditor Raises 'Going Concern' Doubt Bengal Energy Ltd. filed its Annual on Jul 01, 2025 for the period ending Mar 31, 2025. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Nov 17
Second quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0 in 2Q 2024) Second quarter 2025 results: CA$0.001 loss per share (further deteriorated from CA$0 in 2Q 2024). Revenue: CA$1.13m (down 38% from 2Q 2024). Net loss: CA$608.0k (loss widened 185% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. 공시 • Aug 23
Bengal Energy Ltd. Announces Peter Lansom Will Not Stand for Re-Election as A Director Bengal Energy Ltd. announced that Mr. Peter Lansom has informed the Company of his decision not to stand for re-election as a director at the upcoming Meeting and will retire from the Board effective at that time. Mr. Lansom, who joined the Board on September 28, 2021, has been a valued director of Bengal over the past few years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: CA$0 (vs CA$0.001 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0 (improved from CA$0.001 loss in 1Q 2024). Revenue: CA$1.76m (up 13% from 1Q 2024). Net loss: CA$210.0k (loss narrowed 42% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. 공시 • Jul 26
Bengal Energy Ltd. Announce Board and Management Changes Bengal Energy Ltd. announced upcoming changes to the board of directors (the 'Board') and management of the Company. Mr. Robert Steele has provided notice to Bengal that he will not stand for re-election as a director at the Meeting and will retire as a member of the Board at the Meeting. Mr. Steele joined the Board in 2010 and has served as Chairman of the Board since September 28, 2021. Further to its recent strategic review of its Australian assets, the Company identified a number of redundancies in its Australian staff. Affected staff include Mr. Kai Eberspaecher, Chief Operating Officer, who will leave his employment with the Company on October 31, 2024. 공시 • Jul 22
Bengal Energy Ltd., Annual General Meeting, Sep 19, 2024 Bengal Energy Ltd., Annual General Meeting, Sep 19, 2024. Location: alberta, calgary Canada New Risk • Jul 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.50m (US$7.10m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$747k free cash flow). Share price has been highly volatile over the past 3 months (96% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Market cap is less than US$10m (€6.50m market cap, or US$7.10m). Minor Risk Revenue is less than US$5m (CA$6.5m revenue, or US$4.7m). New Risk • Jun 16
New major risk - Revenue and earnings growth Earnings have declined by 4.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$747k free cash flow). Share price has been highly volatile over the past 3 months (91% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Revenue is less than US$5m (CA$6.5m revenue, or US$4.7m). Market cap is less than US$100m (€9.90m market cap, or US$10.6m). Reported Earnings • Feb 13
Third quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2023) Third quarter 2024 results: CA$0.001 loss per share (in line with 3Q 2023). Revenue: CA$1.40m (down 2.0% from 3Q 2023). Net loss: CA$504.0k (loss widened 42% from 3Q 2023). 공시 • Jan 19
Bengal Energy Ltd Appoints Barry Herring to Its Board of Directors Bengal Energy Ltd. announced the appointment of Barry Herring to its Board of Directors. Based in Calgary, Alberta, Mr. Herring is a Chartered Professional Accountant with 40 years of experience. He has served as the Chief Financial Officer of both public and private entities and has managed several initial public offerings and merger transactions. Mr. Herring has extensive experience in the oil and gas industry and has provided leadership on numerous foreign transactions and complex consolidations. Mr. Herring has also been appointed as the Chair of the Audit Committee of the Bengal Board of Directors. New Risk • Nov 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.23m (US$8.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€8.23m market cap, or US$8.81m). Minor Risk Revenue is less than US$5m (CA$6.8m revenue, or US$4.9m). Reported Earnings • Aug 14
First quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.001 profit in 1Q 2023) First quarter 2024 results: CA$0.001 loss per share (down from CA$0.001 profit in 1Q 2023). Revenue: CA$1.56m (down 33% from 1Q 2023). Net loss: CA$364.0k (down 193% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Jul 23
Bengal Energy Ltd., Annual General Meeting, Sep 21, 2023 Bengal Energy Ltd., Annual General Meeting, Sep 21, 2023. Reported Earnings • Jun 18
Full year 2023 earnings released: EPS: CA$0.001 (vs CA$0.001 loss in FY 2022) Full year 2023 results: EPS: CA$0.001 (up from CA$0.001 loss in FY 2022). Revenue: CA$7.55m (up 5.0% from FY 2022). Net income: CA$703.0k (up CA$1.08m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 09
Third quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2022) Third quarter 2023 results: CA$0.001 loss per share (in line with 3Q 2022). Revenue: CA$1.43m (down 17% from 3Q 2022). Net loss: CA$354.0k (loss narrowed 28% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. 공시 • Feb 03
Bengal Energy Secures Permit for Hydrocarbon Exploration and Development in Cooper Basin Calgary, Alberta Bengal Energy Ltd. awarded Potential Commercial Area (PCA) 332 over an area of 343 square kilometers that was previously covered by Bengal's Authority to Prospect 732. The grant of PCA 332 provides a 15-year term with no relinquishments and allows the Company to continue to pursue the development of its highly prospective oil and gas portfolio in Queensland's Cooper Basin. The appraisal permit, 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. Three of the 16 locations are drill-ready, and the Company is currently seeking investment towards drilling on these locations through equity financing and farm-out. Bengal has invested upfront into innovative ways to accelerate the commercialisation of found hydrocarbons, including the implementation of its new technology to assess resource streams as early as possible. Bengal has recently reached an offtake agreement with the Eromanga Oil Refinery (IOR operated) for any crude oil produced from PCA 332. The 52 API Caracal crude has a high diesel content which makes it particularly suited to IOR. 공시 • Jan 12
Bengal Energy Ltd. Provides Operations Update for Wareena Natural Gas Well Workover Program Bengal Energy Ltd. announced an operations update on its Wareena workover project. Natural gas well testing operations commenced in December 2022 with both the Wareena 1 and Wareena 5 wells being reperforated and tested from the PC 20 zone. Due to surface facility fluid capacity limitations and time constraints, the Company was unable to complete testing operations. Based on the salinity of produced water samples Bengal believes the water recovered from the wells was not formation water but completion fluids from prior work programs. Bengal intends to complete testing as soon as possible subject to equipment availability, and the Company will provide updates and test information after the conclusion of testing operations. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: CA$0.003 (vs CA$0 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.003 (up from CA$0 in 2Q 2022). Revenue: CA$2.01m (up 13% from 2Q 2022). Net income: CA$1.47m (up CA$1.39m from 2Q 2022). Profit margin: 73% (up from 4.8% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0 in 1Q 2022) First quarter 2023 results: EPS: CA$0.001 (up from CA$0 in 1Q 2022). Revenue: CA$2.32m (up 59% from 1Q 2022). Net income: CA$390.0k (up CA$572.0k from 1Q 2022). Profit margin: 17% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jun 18
Full year 2022 earnings released: CA$0.001 loss per share (vs CA$0.03 profit in FY 2021) Full year 2022 results: CA$0.001 loss per share (down from CA$0.03 profit in FY 2021). Revenue: CA$7.19m (up 46% from FY 2021). Net loss: CA$374.0k (down 110% from profit in FY 2021). Oil reserves and sales price Proven reserves: 2.145 MMbbls Average sales price/bbl (hedged): US$115 Combined production Oil equivalent production: 0.067 MMboe (0.081 MMboe in FY 2021) Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: CA$0.001 loss per share (down from CA$0.007 profit in 3Q 2021). Revenue: CA$1.73m (up 45% from 3Q 2021). Net loss: CA$494.0k (down 174% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Executive Departure • Oct 06
Independent Chairman Ian Towers has left the company On the 28th of September, Ian Towers' tenure as Independent Chairman ended after 10.9 years in the role. As of June 2021, Ian still personally held only 230.15k shares (€12k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 10.08 years. Reported Earnings • Jun 22
Full year 2021 earnings released: EPS CA$0.03 (vs CA$0.028 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: CA$4.41m (down 43% from FY 2020). Net income: CA$3.93m (up CA$6.82m from FY 2020). Profit margin: 89% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Executive Departure • Mar 07
Chief Financial Officer has left the company On the 4th of March, Matthew Moorman's tenure as Chief Financial Officer ended after 3.2 years in the role. As of December 2020, Matthew personally held only 420.91k shares (€1.9k worth at the time). Matthew is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS CA$0.007 (vs CA$0.005 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CA$1.14m (down 56% from 3Q 2020). Net income: CA$670.0k (up 21% from 3Q 2020). Profit margin: 59% (up from 21% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Second quarter 2021 earnings released: CA$0.002 loss per share The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: CA$1.14m (down 53% from 2Q 2020). Net loss: CA$182.0k (loss narrowed 64% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.