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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 traderbrion Jun 04, 2011 12:31am
234 Views
Post# 18670870

RE: See!

RE: See!Ricky_C

I sincerely hope that you are only joking about selling your stock especially at this time.

BNG seems to have had a one day reprieve from the recent bout of indiscriminate selling but I would like to see it move up on heavier volume which would indicate some new buying.

There is a quite a chunk for sale between $1.80 and $1.90 .... 178,000 shares (37 sellers) to be exact,  probably some of the small buyers that were into it at the last financing at 1.80 .... just want to get out after they saw the .50 cent hair cut they got straight after the financing.

At least it closed the week on a little firmer footing and headed in the right direction for a change.

Cheers


Bullboard Posts