Bengal Energy Q1 FY27 net loss narrows 6.2% to C$242,000; revenue rises 30% to C$1.4 million
Reuters2026/08/07 10:46- Bengal Energy posted a net loss of CAD 0.2 million for fiscal 2027 Q1 ended June 30, 2026, roughly in line year over year.
- Revenue rose 30% to CAD 1.4 million, supported by higher realized oil prices of USD 124.26 per barrel, up 87%.
- Funds from operations (non-IFRS) more than doubled to CAD 50,000, as higher revenue was partly offset by higher operating expense.
- Net production fell 10% to 9,860 barrels, or 108 barrels per day; volumes from four worked-over wells have yet to return.
- The company said it is in ongoing discussions on potential farm-out opportunities and other corporate initiatives to increase shareholder value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro holds near three-month highs as Eurozone Flash PMIs beat expectations
New Zealand Dollar: Extreme shorts face a high bar for further losses – MUFG
SEGRO leases 1,404 sq m Barnsteen 11 unit at SEGRO Park Amsterdam Airport to Nacex
Gravitics (GVTX.US), an orbital system developer, sets IPO pricing at $14-17 per share and plans to raise $125 million.
Gravitics Holdings, which specializes in the development of large-scale space structures and orbital systems, plans to issue 8.1 million shares at a price range of $14 to $17 per share to raise $125 million.
Crypto prices
More
