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Bengal Energy Ltd T.BNG

Alternate Symbol(s):  BNGLF

Energy Oil & Gas E&P
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

Bengal Energy Ltd
Bullboard Posts
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(23)
•••
Comment by traderbrion Dec 13, 2011 5:55pm
209 Views
Post# 19319066

RE: RE: How Low Can You Go???

RE: RE: How Low Can You Go???Ouch!

Now that hurt a little ... what's next ....  support at 0.50 cents ... no big buyers and lots of sellers. 
I think we better get use to these stock prices until this stock loss selling is done with.

All stockholders are under water and nothing other than some drilling in Q1 to look forward to.
Even then investors will be gun shy to take a position until a key turnaround takes place.

This stock isn't going anywhere except down until some positive news releases come out. 

Cheers
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities