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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
Post by nobletraderon Feb 08, 2011 8:07pm
252 Views
Post# 18098164

Analyst Report

Analyst ReportIt would be interesting to see the Wellington report, however it won't contain any information or opinion that is not already obvious to the very rudimentary investor. The $3.5 target price is much to conservative a guestimate. 

The biggest roadblock to BNG is the potential for an early takeover particularly if China is successful in temporarily suppressing the price of commodities such as oil. This could create the necessary environment just long enough in duration to to allow a takeover at a greatly discounted price.

We will see a steady appreciation of the share price until the market cap approaches $150mil. Even at that level it wouldn't take much see the MC increase to $300mil.

Good hunting to all  
Bullboard Posts