CALGARY, ALBERTA--(Marketwired - Jan. 24, 2014) - Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") today announces that it has agreed with the holders of Bengal's $1,750,000 aggregate principal amount of non-convertible notes ("Non-Convertible Notes") to extend the term of the Non-Convertible Notes from January 24, 2014 to January 24, 2015 and to provide the holders with the right to demand repayment on at least 15 business days prior written notice to Bengal. All of the Non-Convertible Notes are held by insiders of the Company.
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.
Additional information is available at www.bengalenergy.ca.