Bengal Energy Announces Fiscal 2022 Third Quarter Results
Bengal Energy Announces Fiscal 2022 Third Quarter Results
Calgary, Alberta--(Newsfile Corp. - February 10, 2022) - Bengal Energy Ltd. (TSX: BNG) ("Bengal" or the "Company") today announces its financial and operating results for the third quarter of fiscal 2022 ended December 31, 2021.
卡爾加里,艾伯塔省-(Newsfile Corp.-2022年2月10日)-孟加拉能源有限公司(多倫多證券交易所代碼:BNG)(“孟加拉”或“本公司”)今天公佈了截至2021年12月31日的2022財年第三季度的財務和經營業績。
THIRD QUARTER FISCAL 2022 HIGHLIGHTS:
2022財年第三季度亮點:
The following is an overview of the financial and operational results during the three-and nine-months ending December 31, 2022. All amounts are in Canadian funds, unless otherwise noted:
以下是截至2022年12月31日的三個月和九個月的財務和運營業績概述。除非另有説明,否則所有金額均為加拿大基金:
Financial Summary:
財務摘要:
Sales Revenue - Crude oil sales revenue was $1.8 million in the third quarter fiscal 2022, which is 45% higher than the $1.3 million recorded in Q3 fiscal 2021 as decreased production was offset by increased commodity prices. Benchmark Brent price during the current quarter averaged US $85.11 per barrel of crude oil ("bbl") compared to US $47.38 per bbl for the same quarter in fiscal 2021.
Funds and cashflow from Operations1 - Bengal generated $0.6 million of cash from operating activities during Q3 fiscal 2022 compared to $0.1 million Q3 fiscal 2021. Funds from operations were $0.4 million during fiscal Q3 2022 compared to $0.1 million in Q3 fiscal 2021.
Net Income - Bengal reported net loss of $0.5 million for the current quarter compared to net income of $0.7 million in the third quarter fiscal 2021. During the current quarter there were no gains on hedging activity and an impairment charge of $0.6 million associated with uneconomic drilling results.
銷售收入-2022財年第三季度原油銷售收入為180萬美元,比2021年第三季度錄得的130萬美元高出45%,因為大宗商品價格上漲抵消了產量減少的影響。本季度基準布倫特原油價格平均為每桶85.11美元,而2021財年同期為每桶47.38美元。
運營資金和現金流1 -孟加拉在2022財年第三季度從運營活動中產生了60萬美元的現金,而2021財年第三季度為10萬美元。2022財年第三季度來自運營的資金為40萬美元,而2021財年第三季度為10萬美元。
淨收入-孟加拉報告本季度淨虧損50萬美元,而2021財年第三季度淨收益為70萬美元。在本季度,套期保值活動沒有增加,與不經濟的鑽探結果相關的減值費用為60萬美元。
Operational Summary:
操作摘要:
Production Volumes - The Company's share of light crude oil production in the current quarter was 16,865 bbls, which represents a 13% decrease from the 19,444 bbls produced in the third quarter fiscal 2021. The current quarter production averaged 183 bbls/d compared to 211 bbls/d produced in the third quarter fiscal 2021. The decline in production is a result of natural reservoir decline.
Capital Expenditures - Bengal incurred $1.4 million in capital expenditures during Q3 fiscal 2022 as compared to $0.5 million in Q3 fiscal 2021. The majority of the current quarter expenditures relate to site preparation and preliminary activities to support the Company's future development plans at its recently acquired 100% working interest tenures (Petroleum Leases ("PL"), Authority to Prospect ("ATP", Petroleum Pipeline Lease ("PPL")): PL 1110 Wareena, ATP 732, and PPL 138 pipeline. During the quarter, the Company recorded $0.6 million of impairment associated with uneconomic drilling results at the Chef-1 location.
934 Exploration Well - During the quarter Santos drilled the Legbar exploration well at no cost to Bengal to earn a 60% interest in the southern portion of the block. The well was plugged and abandoned.
生產量-該公司本季度在輕質原油產量中的份額為16865桶,比2021財年第三季度的19444桶下降了13%。當前季度的平均日產量為183桶,而2021財年第三季度的日產量為211桶。產量下降是油層自然遞減的結果。
資本支出-孟加拉在2022財年第三季度發生了140萬美元的資本支出,而2021年第三財季為50萬美元。本季度的大部分支出與場地準備和初步活動有關,以支持公司最近收購的100%工作權益期限(石油租賃(PL)、勘探管理局(ATP)、石油管道租賃(PPL))的未來發展計劃:PL 1110 Wareena、ATP 732和PPL 138管道。在本季度,該公司記錄了與Chef-1地點不經濟的鑽探結果相關的減值60萬美元。
934探井-本季度,桑托斯在孟加拉免費鑽探了Legbar探井,獲得了該區塊南部60%的權益。這口井被堵上了,被遺棄了。
OPERATING SUMMARY
運營總結
($000s except per share, %, volumes and operating netback amounts | Three months ended September 30, | Six months ended September 30, | ||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||
Oil revenue | $ | 1,845 | $ | 1,274 | $ | 5,276 | $ | 3,633 | ||||
Operating netback(1) | $ | 1,089 | $ | 824 | $ | 2,684 | $ | 2,084 | ||||
Cashflow from operations | $ | 607 | $ | 62 | $ | 398 | $ | 231 | ||||
Funds from (used in) operations(2) | $ | 381 | $ | 130 | $ | 917 | $ | (147 | ) | |||
Per share ($) (basic and diluted) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (0.00 | ) | |||
Net (loss) | $ | (494 | ) | $ | 670 | $ | (591 | ) | $ | 888 | ||
Per share ($) (basic and diluted) | $ | (0.00 | ) | $ | 0.01 | $ | (0.00 | ) | $ | 0.01 | ||
Capital expenditures | $ | 1,392 | $ | 498 | $ | 2,178 | $ | 721 | ||||
Oil volumes (bbls/d) | 183 | 211 | 186 | 227 | ||||||||
Operating netback(1) ($/bbl) | $ | 64.58 | $ | 42.37 | $ | 52.47 | $ | 33.45 |
(2000美元,不包括每股、%、成交量和運營淨回扣金額 | 截至9月30日的三個月, | 截至9月30日的六個月, | ||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||
石油收入 | $ | 1,845 | $ | 1,274 | $ | 5,276 | $ | 3,633 | ||||
運營淨額回扣(1) | $ | 1,089 | $ | 824 | $ | 2,684 | $ | 2,084 | ||||
運營現金流 | $ | 607 | $ | 62 | $ | 398 | $ | 231 | ||||
經營所得(用於)資金(2) | $ | 381 | $ | 130 | $ | 917 | $ | (147 | ) | |||
每股(美元)(基本和稀釋後) | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | (0.00 | ) | |||
淨額(虧損) | $ | (494 | ) | $ | 670 | $ | (591 | ) | $ | 888 | ||
每股(美元)(基本和稀釋後) | $ | (0.00 | ) | $ | 0.01 | $ | (0.00 | ) | $ | 0.01 | ||
資本支出 | $ | 1,392 | $ | 498 | $ | 2,178 | $ | 721 | ||||
石油體積(bbls/d) | 183 | 211 | 186 | 227 | ||||||||
運營淨額回扣(1)($/bbl) | $ | 64.58 | $ | 42.37 | $ | 52.47 | $ | 33.45 |
(1) Operating netback is a non-IFRS measure and includes realized gain (loss) on financial instruments. Operating netback per bbl is calculated by dividing revenue (including realized gain (loss) on financial instruments) less royalties and operating costs by the total production of the Company measured in bbls.
(2) Funds from (used in) operations is a non-IFRS measure which is calculated by adding back all non-cash expense deductions to the net loss for the quarter and fiscal year. Funds from (used in) operations per share is a non-IFRS measure calculated as calculated by dividing funds from (used in) operations by weighted average basic and diluted shares outstanding for the periods disclosed. A reconciliation of the measures can be found in the table on page 14 of the December 31, 2021 MD&A.
(1)營業淨值為非國際財務報告準則計量,包括金融工具的已實現收益(虧損)。每桶營業淨利潤的計算方法是將收入(包括金融工具的已實現收益(虧損))減去特許權使用費和運營成本除以以桶計的公司總產量。
(2)來自(用於)業務的資金是非國際財務報告準則計量,其計算方法是將所有非現金費用扣除加回本季度和會計年度的淨虧損中。每股營運資金(用於)是一項非國際財務報告準則計量,計算方法為將營運資金(用於)除以披露期間已發行的加權平均基本及稀釋股份。這些措施的對賬可以在2021年12月31日MD&A第14頁的表格中找到。
Bengal has filed its consolidated financial statements and management's discussion and analysis for the quarter ended December 31, 2021, with the Canadian securities regulators. The documents are available on SEDAR at or by visiting Bengal's website at .
孟加拉已經向加拿大證券監管機構提交了截至2021年12月31日的季度的合併財務報表和管理層的討論和分析。這些文件可以在SEDAR上獲得,也可以通過訪問孟加拉的網站獲得。
BUSINESS OVERVIEW
業務概述
AUSTRALIA - Cooper Basin, Queensland
澳大利亞-昆士蘭庫珀盆地
PL303 and PL 1028 Cuisinier (controlling permit ATP 752) (30.357% WI)
PL303和PL 1028 Cuisinier(控制許可證ATP752)(30.357%WI)
A pilot reservoir pressure maintenance scheme was initiated during the prior fiscal year and after resolving mechanical issues, water injection activities resumed during calendar Q4 2021. The location of this pilot is in the southeast quadrant of the Cuisinier pool, with injection of water taking place at the Cuisinier 24 well. The broad nature of the Cuisinier structure combined with variable flank aquifer pressure support has resulted in pressure depletion within the central portion of the Cuisinier pool. The injection of produced formation water is anticipated to both increase production in up to four offsetting wells and reduce water handling charges. On establishing success of the pilot, the Joint Venture ("JV") will begin a multi phase water injection scheme, targeted fracture stimulation and more commercially efficient development drilling. Since inception, 21,800 barrels of water have been injected into the C24 well at a rate of approximately 300 barrels of water per day. Nearby wells are being monitored for total fluid produced and water cut to help to determine which wells are being affected by the pilot program. Mechanical issues through commissioning have caused periods of downtime and full injection capability is expected to resume by mid-February.
上一財年啟動了一項試行的油藏壓力維護計劃,在解決了機械問題後,注水活動在2021年第四季度恢復。這位飛行員的位置是在Cuisinier水池的東南象限,注水是在Cuisinier 24井進行的。Cuisinier結構的廣泛性質與可變側面含水層壓力支持相結合,導致Cuisinier池中央部分的壓力耗盡。注入產出的地層水預計將增加多達四口補償井的產量,並降低水處理費用。在試點取得成功後,合資企業(“合資企業”)將開始實施多階段注水計劃、有針對性的壓裂增產措施和更具商業效率的開發鑽探。自開始以來,已有21800桶水以每天約300桶的速度注入C24油井。附近的油井正在監測總產液量和含水率,以幫助確定哪些油井受到試點計劃的影響。調試過程中出現的機械問題導致了停機時間,預計2月中旬將恢復全部注射能力。
During the quarter, Bengal participated in the Chef exploration drilling project. Following a review of the well logs, the ATP 752 JV parties have decided to plug and abandon the well. This exploration well is located outside of the producing Cuisinier field Petroleum Lease 303 ("PL 303"), in a location 4 km to the northeast with primary targets in the Jurassic Birkhead Formation and Hutton Sandstone, and secondary targets within the Triassic Nappamerri Group. The well encountered multiple oil shows in the primary and secondary targets; however, no commercial pay was identified at this location. While not a commercial success, the identified oil shows may support continued exploration targeting both the Jurassic Birkhead and newly discovered oil bearing Triassic Nappamerri formations.
在本季度,孟加拉參與了Chef勘探鑽探項目。在對測井記錄進行審查後,ATP752合資各方已決定封堵並放棄該油井。該探井位於生產Cuisinier油田石油租約303(“PL 303”)之外,位於東北4公里處,主要目標在侏羅紀Birkhead地層和赫頓砂巖,次要目標在三疊紀Nappamerri組內。這口井在主要和次要目標上遇到了多次石油展示;然而,在這個地點沒有確定商業報酬。雖然不是商業上的成功,但已確定的石油展示可能會支持繼續勘探侏羅紀伯克黑德和新發現的含油三疊系納帕梅里地層。
ATP 934 Barrolka (100% WI)
ATP 934 Barrolka(100%WI)
ATP 934 is the Company's 100% owned natural gas exploration block. Bengal received special amendment approved for ATP 934 in March 2021 which relinquished 50% of the existing ATP area and extended the term of the ATP by entering into an outcome based Later Work Program (LWP) for another 6 years to February 28, 2027. The LWP includes the drilling of up to 3 wells and 260 km2 of 3D seismic.
ATP934是該公司100%擁有的天然氣勘探區塊。孟加拉在2021年3月收到了ATP 934的特別修正案,該修正案放棄了現有ATP區域的50%,並通過加入基於成果的後期工作計劃(LWP)將ATP的期限延長了6年,至2027年2月28日。LWP包括鑽探多達3口井和260平方公里的3D地震。
Bengal received special amendment approved for ATP 934 in March 2021 which relinquished 50% of the existing ATP area and extended the term of the ATP by entering into an outcome based Later Work Program (LWP) for another 6 years to February 28, 2027. The LWP includes the drilling of up to 3 wells and 260 km2 of 3D seismic.
孟加拉在2021年3月收到了ATP 934的特別修正案,該修正案放棄了現有ATP區域的50%,並通過加入基於成果的後期工作計劃(LWP)將ATP的期限延長了6年,至2027年2月28日。LWP包括鑽探多達3口井和260平方公里的3D地震。
ATP 934 Durham Downs East Farmout Block (40% WI)
ATP 934 Durham Down East Farmout街區(40%WI)
Bengal entered into an agreement with Santos in July of 2020 to farm-in on a portion of the ATP 934 block. Santos carried the drilling costs of one well to earn a 60% operated interest in the ATP 934 southern farm-out block, which represents 57.8% of the total block post April 2020 relinquishment. On October 14, 2021, Santos completed the drilling of the Legbar-1 exploration well. Santos paid 100% of the costs to drill, plug and abandon the well and has accordingly earned a 60% working interest in 103,760 km2 gross exploration land.
孟加拉於2020年7月與桑托斯達成協議,共同開發ATP 934區塊的一部分。Santos承擔了一口井的鑽井成本,以賺取ATP 934南部分包區塊60%的運營權益,佔2020年4月放棄區塊總數的57.8%。2021年10月14日,桑托斯完成了Legbar-1探井的鑽探工作。Santos支付了鑽井、封堵和廢棄油井的100%成本,因此在103,760平方公里的總勘探土地上賺取了60%的工作權益。
While the Legbar-1 Well did not indicate commercial quantities of hydrocarbons, thick, high quality reservoir sands were encountered in the primary Permian Toolachee formation and in the Jurassic Birkhead zone, with evidence of residual hydrocarbon saturation in both zones. In addition, fluorescence shows and elevated gas readings through the Jurassic lower Birkhead Fm/Top Hutton Sandstone indicate oil has passed through the reservoir, supporting the search for a valid closure to test this play. The findings from the Legbar-1 well will help Bengal refine its exploration targets going forward, both with Santos in the Santos Farm-in Block, and across the balance of ATP 934.
雖然Legbar-1井沒有顯示商業數量的碳氫化合物,但在二疊系原生Toolachee組和侏羅紀Birkhead帶發現了厚而優質的儲集砂,有證據表明這兩個區都存在殘餘油氣飽和度。此外,通過侏羅系下伯克黑德FM/Top Hutton砂巖的熒光顯示和升高的氣體讀數表明石油已經通過儲層,支持尋找有效的關閉來測試這一作用。Legbar-1井的發現將幫助孟加拉完善未來的勘探目標,包括Santos Farm-in區塊的Santos,以及ATP 934區塊的其餘部分。
PL 1110 Wareena, PL 1109 Ghina, PL 188 Ramses, PL 411 Karnak, PPL 138 pipeline (100% WI)
PL 1110Wareena,PL 1109 Ghina,PL 188 Ramses,PL 411 Karnak,PPL 138管線(100%WI)
As announced in the Bengal press release dated September 12, 2019, the Company acquired a 100% working interest in four PLs and a natural gas pipeline connected to transportation infrastructure into the Eastern Australia Gas Market (collectively, the "Assets"). These non-productive PLs are highly compatible with and in close proximity 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.
正如日期為2019年9月12日的孟加拉新聞稿所宣佈的那樣,公司收購了四個PLS和一條連接東澳大利亞天然氣市場交通基礎設施的天然氣管道(統稱為“資產”)的100%工作權益。這些非生產性PL與ATP934高度兼容,並且非常接近ATP934。孟加拉繼續整合來自PLS的地下數據,以加強公司對ATP 934的瞭解,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. Commercial negotiations, planning and execution of the project are well advanced with materials being delivered and fabrication starting. The company is investing in a proprietary proof of concept arrangement to allow commercial gas production prior to a pipeline connection.
該計劃包括恢復兩口氣井和一條現有的天然氣管道,將原料氣生產到現有的基礎設施中。該項目的商業談判、規劃和執行進展順利,材料已經交付並開始製造。該公司正在投資一項專有的概念證明安排,允許在管道連接之前進行商業天然氣生產。
The 100% ownership of the Assets presents an appraisal and development opportunity that will be operated by the Company and is seen to be not only complementary to our proven producing, non-operated Cuisinier asset, but also as a key stepping stone for Bengal's natural gas platform upon which future exploration growth through ATP 934 can be undertaken.
資產的100%所有權提供了一個評估和開發機會,該機會將由本公司運營,並被視為對我們已探明的生產、未運營的Cuisinier資產的補充,也是孟加拉天然氣平臺的關鍵踏腳石,在該平臺上,可以通過ATP 934進行未來的勘探增長。
ATP 732 Tookoonooka (100% WI)
ATP 732 Tookoonooka(100%WI)
In June 2019, the Company applied for an amendment to the LWP for the third term of ATP 732 permit. On October 22, 2019, the Company received approval from the Queensland regulatory authority for an amended LWP for the third, four-year term commencing April 1, 2019 to March 31, 2023. The approved LWP was revised to minimum activities of reprocessing seismic and inversion work with an estimated cost of $50K and geological and geophysical investigation at an estimated cost of $50K during the four-year term.
2019年6月,本公司申請修訂ATP 732許可證第三期的LWP。2019年10月22日,本公司獲得昆士蘭監管當局的批准,修訂後的LWP的第三個四年任期從2019年4月1日起至2023年3月31日止。核準圖修訂為四年期內最低限度的後處理地震和反演工作,估計費用為5萬元,以及地質和地球物理調查,估計費用為5萬元。
The Company is currently evaluating the opportunity to stimulate the Caracal-1 well, a 53 API oil discovery in the Wyandra zone. Following stimulation, the well could commence production using the Company's Early Oil Production System with the addition of storage and load-out infrastructure.
該公司目前正在評估刺激Caracal-1井的機會,該井是在Wyandra區發現的53API石油。在刺激之後,該油井可以使用該公司的早期石油生產系統開始生產,並增加儲存和裝載基礎設施。
Business Development
業務拓展
The Company is in discussions with potential industry and financial partners to fund some of these oil and gas related activities.
該公司正在與潛在的行業和金融合作夥伴洽談,為其中一些與石油和天然氣相關的活動提供資金。
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 .
孟加拉能源有限公司是一家在澳大利亞擁有資產的國際初級油氣勘探和生產公司。該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交所交易,代碼為“BNG”。欲瞭解更多信息,請訪問。
CAUTIONARY STATEMENTS:
警告性聲明:
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.
本新聞稿包含由適用的證券法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,其中許多風險和不確定性不在孟加拉的控制範圍之內。這些陳述涉及到未來的事件或我們未來的表現。除歷史事實以外的所有陳述都可能是前瞻性陳述。使用“計劃”、“預期”、“未來”、“預期”、“項目”、“打算”、“相信”、“應該”、“將會”、“預期”、“估計”或其他類似的詞語或陳述中的任何一個,或某些事件“可能”或“將”發生的其他類似詞語或陳述,都是為了識別前瞻性陳述。這些前瞻性陳述中包含的預測、估計和信念是基於作出陳述時管理層的估計、意見和假設,包括與以下假設有關的假設:北美、澳大利亞和全球經濟狀況的影響;行業狀況;法律和法規的變化,包括但不限於通過新的環境法律和法規及其解釋和執行方式的變化;競爭加劇;合格經營或管理人員的可用性;大宗商品價格、外匯或利率的波動;與已宣佈的交易及其最終估值相關的股票市場波動和公司市場估值波動;勘探和測試活動的結果;以及獲得監管部門所需批准和延期的能力。我們相信這些前瞻性陳述中反映的預期是合理的,但不能保證前瞻性陳述中預期的任何事件都會發生或發生,或者是否會發生。, 孟加拉人會從他們身上得到什麼好處。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:
本文包含的前瞻性陳述包括但不限於有關以下方面的陳述:
- The anticipated results of injection of produced formation water at ATP 752;
- The expected 3D seismic controlled Chef exploration drilling project and the timing thereof;
- Bengal's multi-phase water injection scheme, targeted fracture stimulation and the results thereof at ATP 752;
- The expected timing of drilling a well at ATP 934 and Bengal's payment of the tie in costs associated therewith; and
- Bengal's development plans for its four PLs at ATP 934.
- ATP752點注入採出地層水的預期效果;
- 預期的三維地震控制廚師勘探鑽井項目及其實施時間;
- 在ATP752上,孟加拉的多相注水方案、定向裂縫刺激及其結果;
- 預計在ATP934鑽探一口井的時間,以及孟加拉支付的相關費用;以及
- 孟加拉在ATP934上的四個PL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, 2021 under the heading "Risk Factors" and in Bengal's management's discussion and analysis for the Q2 of the fiscal year ending March 31,2022 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 require pursuant to applicable securities laws.
本文包含的前瞻性陳述會受到許多已知和未知的風險和不確定性的影響,這些風險和不確定性可能會導致孟加拉公司未來的實際財務結果、業績或成就與這些前瞻性陳述中表述或暗示的結果大不相同,包括但不限於與以下風險有關的風險:未能獲得所需的監管批准或延期;未能滿足共建和合資協議的條件;未能獲得所需的設備和人員;全球總體經濟狀況的變化,包括但不限於北美和澳大利亞的經濟狀況;這些因素包括但不限於商品價格、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税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;從內部和外部來源獲得足夠資本的能力;以及股票市場的波動性。鼓勵讀者回顧孟加拉截至2021年3月31日的年度信息表中“風險因素”標題下討論的實質性風險,以及孟加拉管理層在截至2022年3月31日的財年第二季度中“風險因素”標題下的討論和分析中討論的實質性風險。該公司告誡説,前面列出的假設、風險和不確定因素並不是詳盡的。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的情況,孟加拉不承擔任何公開更新或修改這些陳述以反映新事件或新情況的義務,除非根據適用的證券法可能需要這樣做。
Selected Definitions
選定的定義
The following terms used in this news release have the meanings set forth below:
本新聞稿中使用的下列術語的含義如下:
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-槍管
BBLS-桶
Bbls/d-每天的桶數
$/bbl-每桶美元
Q1-截至6月30日的三個月
Q2- 截至9月30日的三個月
Q4 -截至3月31日的三個月
Non-IFRS Measurements
非國際財務報告準則計量
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 is 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, 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 in conjunction with the Company's annual audited and interim financial statements. A reconciliation of these measures can be found in the tables on pages 7,14 and 15 of Bengal's management's discussion and analysis for the Q2 of the fiscal year ending March 31, 2022.
在本新聞稿中,引用了石油和天然氣行業中常用的術語。資金來源(用於) 根據國際財務報告準則和以前的公認會計準則,營業收入、每股營業收入(用於)資金、營業淨額、每股淨額、調整後淨收益(虧損)和調整後淨收益(虧損)沒有任何標準化含義,被稱為非國際財務報告準則計量。來自(用於)每股運營的資金是根據與計算每股淨收益(虧損)一致的已發行普通股加權平均數計算的。營業淨值包括金融工具的已實現虧損。每桶淨額的計算方法是收入(包括金融工具的已實現虧損)減去特許權使用費,運營費用除以以桶計的公司總產量。調整後淨收益(虧損)和調整後每股淨收益(虧損)是根據金融工具淨收益(虧損)加未實現虧損(收益)減去未實現匯兑損失(收益)和非流動資產非現金減值計算得出的。該公司對本文中包括的非國際財務報告準則計量的計算可能與其他發行人對類似計量的計算有所不同。因此,該公司的非國際財務報告準則衡量標準可能無法與其他發行人使用的其他類似衡量標準相提並論。運營資金並不代表當期的營業利潤,也不應被視為營業利潤、淨收入、運營現金流或根據國際財務報告準則計算的其他財務業績指標的替代。非國際財務報告準則的衡量標準只能與公司的年度審計和中期財務報表結合使用。在孟加拉管理層關於截至2022年3月31日的財政年度第二季度的討論和分析的第7、14和15頁的表格中,可以找到這些措施的對賬。
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性能或最終恢復情況。
FOR FURTHER INFORMATION PLEASE CONTACT:
如需更多信息,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
首席財務官傑拉德·布蘭查德(Jerrad Blanchard)
(403) 205-2526
電子郵件:investor.relationship@bengalenergy.ca
網站:
1 Funds from (used in) operations is a non-IFRS measure which is calculated by adding back all non-cash expense deductions to the net loss for the quarter and fiscal year. Funds from (used in) operations per share is a non-IFRS measure calculated as calculated by dividing funds from (used in) operations by weighted average basic and diluted shares outstanding for the periods disclosed. A reconciliation of the measures can be found in the table on page 14 of the December 31, 2021 MD&A.
1 運營資金(用於運營)是一種非國際財務報告準則的衡量標準,其計算方法是將所有非現金費用扣除加回本季度和會計年度的淨虧損中。每股營運資金(用於)是一項非國際財務報告準則計量,計算方法為將營運資金(用於)除以披露期間已發行的加權平均基本及稀釋股份。這些措施的對賬可以在2021年12月31日MD&A第14頁的表格中找到。
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