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Bengal Energy Ltd T.BNG

Alternate Symbol(s):  BNGLF

Bengal Energy Ltd. an international oil and gas exploration and production company with producing and prospective light oil-weighted onshore assets in Australia’s Cooper Basin. The Company is involved in the exploration, development and production of oil and gas reserves in Australia. Its core Australian assets, Petroleum Lease (PL) 303 Cuisinier, ATP 934 Barrolka, ATP 732 Tookoonooka, and four petroleum licenses are situated within an area of the Cooper Basin that is served with production infrastructure and take-away capacity for produced crude oil and natural gas. It has two PLs on the former ATP 752 Barta block, PL 303, and PL 1028, in addition to three PCAs, PCA 206, PCA 207 Barta West and PCA 155 Wompi block-Nubba/Yilgarn. The Company also holds four PLs including a pipeline license PPL 138 adjacent to the 100% owned ATP 934. Its wholly owned subsidiaries include Bengal Energy Australia (Pty) Ltd. and Bengal Energy International Inc.


TSX:BNG - Post by User

Bullboard Posts
Comment by honestguyon Aug 20, 2008 5:15pm
441 Views
Post# 15398858

RE: Presentation up!

RE: Presentation up!Nothing new in the presentation that was not available at the annual meeting.  I had earlier cleared up the mis information on the board regarding the " failure of the subzero well " and how at the annual meeting it was explained why sub zero is a potentail success...or definitely not a failure, depends which way you look at it.

if I remember right, Bengal is on track to spend about $4M in the upcoming year, meaning that they definitely have to raise more money, just not sure when that will be.

More interesting is the filling that were made on August 1st on Sedar, detailing the 2 companies that were bought in the "acquisition" by Avery

Any bets on which will be the frist company that will " merge" with Bengal within the next 12 months....the starting point is the list that was provided of comparable peers by the company in the powerpoint presentation.

Good to see that others are taking up my view that the PP is in the works and that the history of this management is to acquire companies until they are big enought to be bought out themselves.....of course, I am not scaring people into selling their shares as a moron might suggest
Bullboard Posts