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Bengal Energy Ltd T.BNG

Alternate Symbol(s):  BNGLF

Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia. The Company’s producing and non-producing assets are situated in Australia’s Cooper Basin. The Company’s core Australian assets, Petroleum Lease (PL) 303 Cuisinier, Authority to Prospect (ATP) 934 Barrolka, Potential Commercial Area (PCA) 332 Tookoonooka, and four petroleum licenses (PL) 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. In addition, it owns 26 kilometers (km) six high pressure gas pipeline (PPL 138) connecting the Wareena field to a large raw gas network passing its prospects at ATP 934. It has a 30.375% interest in two PLs on the former ATP 752 Barta block, PL 303 and PL 1028. In addition, it has three PCAs associated with ATP 752, which are the Barta block, PCA 206 and PCA 207 and PCA 155 in the Wompi block, which contains the Nubba well.


TSX:BNG - Post by User

Bullboard Posts
Comment by Ricky_Con Apr 13, 2011 12:56pm
208 Views
Post# 18425284

RE: Ricky C It Seems Like

RE: Ricky C It Seems LikeI agree with you 100%.  As you probably know i've been owning this one for quite a while also.  To be exact October 2006 bought in the first time and kept on buying !  Frustrating to say the least!  3 or 4 holes a year max with some small oil finds!   Funny the way we have this offshore find discovery since 2004 or so and its just sitting their probably not profitable yet at these prices?  Like I said yesterday and you keep on repeating on this board lets hope MANAGEMENT decides to spend this money on drilling and finding oil and less on making sure that their paycheques don't bounce.  Need I add to MANAGEMENT if they read these boards, if you are successful in finding more oil for us shareholders then no worries plently of money in the bank account and hey you can even increase your salary and issue yourselves more share options and make more money as the share price goes up!  Then everyone will be happy!  Good Investing and may I add lots of drilling (nows the time management)!
Bullboard Posts

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