Bengal delays all major capex across onshore Cooper projects

CANADIAN-listed oil and gas explorer Bengal Energy overnight announced it would delay all major capital expenditures across its nine interests in the Cooper Basin, Queensland.

Bengal delays all major capex across onshore Cooper projects Bengal delays all major capex across onshore Cooper projects Bengal delays all major capex across onshore Cooper projects Bengal delays all major capex across onshore Cooper projects Bengal delays all major capex across onshore Cooper projects

As at June 30, 2020, Bengal had a "working capital deficiency" of A$14.9 million. It has no available undrawn debt capacity under a credit facility which will expire in October this year.