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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 traderbrion Dec 07, 2011 11:43pm
356 Views
Post# 19302127

How Low Can You Go???

How Low Can You Go???After watching the action or should we say the inaction of the trades lately it would tend to indicate that the low is in at 0.75 cents .... for now anyway 

Too much emphasis was placed on ACP/24 which turned out to be a duster ..... some old avery shareholders sick of waiting for the big payoff.

Looking into 2012 Cooper basin willl see some action in the 1Q so here's hoping they can stick the bit into producer.
Santos is involved in the next play so it gives a little more reassurance.

Cheers
Bullboard Posts