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Bengal Energy partners with Australian firm to fund and test Ramses 2 oil well in Cooper Basin.

Company Fundamentals
24 Mar 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Bengal Energy Ltd. has signed a non-binding Letter of Intent with an Australian energy services company to fund and conduct a production test on the Ramses 2 oil well in Queensland's Cooper Basin. The investor will cover all costs for testing and potential completion, with Bengal retaining full ownership and operatorship of the license. Revenue sharing will initially favor the investor until cost recovery, then split equally. This partnership aims to accelerate production and validate the asset's potential without Bengal's capital outlay, pending due diligence and final agreements.

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