Bengal Energy Ltd.

Bengal Energy Ltd.

November 26, 2013 07:00 ET

Bengal Energy Announces Executive Appointment

CALGARY, ALBERTA--(Marketwired - Nov. 26, 2013) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces the appointment of Mr. Jerrad Blanchard, CA as Chief Financial Officer (CFO), effective December 1, 2013.

Mr. Blanchard brings to Bengal a strong technical background, coupled with hands-on experience in all aspects of corporate finance, financial reporting, implementation of controls and governance for a public company operating in international jurisdictions. Prior to its sale earlier in 2013, Mr. Blanchard served as the CFO of Winstar Resources Ltd., a TSX listed oil and gas company with international exploration and production assets. Prior thereto, he was a Manager in PricewaterhouseCoopers LLP's Audit and Assurance Group, and became a member of the Institute of Chartered Accountants of Alberta in 2007.

"We are very pleased to welcome Mr. Blanchard to the Bengal team," said Chayan Chakrabarty, Bengal's President and CEO. "His direct experience in the financial management of a growing international energy company will be paramount as Bengal continues to pursue the development of our assets."

Mr. Blanchard will be replacing Mr. Bryan Goudie, who served as Bengal's CFO since 2006, and is resigning from the company to pursue other opportunities. Mr. Goudie will continue to provide transitional assistance to the company until December 22, 2013.

"Bryan has been a valued member of the Bengal team through its evolution to date, providing financial management as the Company transitioned from pure exploration through to production. On behalf of the Board of Directors and Bengal, I would like to thank Bryan for his contributions and wish him continued success in his future endeavours," said Chakrabarty.

About Bengal

Bengal Energy Ltd. (TSX:BNG) is an international oil and gas exploration and production company with producing and prospective light oil-weighted assets in Australia and India. Bengal offers exposure to lower risk current production and cash flow, combined with longer-term high potential impact exploration projects. The Company's strategy is to achieve per share growth in cash flow, production and reserves while establishing an attractive portfolio of future drilling and exploration opportunities.

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