BRIEF-Bengal Energy says Tangalooma-1 well failed to define commercial hydrocarbon accumulation

Jan 2 (Reuters) - Bengal Energy Ltd BNG.TO :

* Announces drilling results of Tangalooma-1 at Tookoonooka in Australia's

cooper basin

* Says the well failed to define a commercial hydrocarbon accumulation and has

been plugged and abandoned

* Beach will fund drilling of 2 exploration wells & acquisition of 300 square km of new 3D seismic in Tookoonooka up to a value of AUD$11.5 million

* Says seismic acquisition is currently ongoing and anticipated to continue

through the end of January 2014

* Source text for Eikon News Search ID:nCCN1Rf8t9

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