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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 Oct 03, 2013 4:51pm
215 Views
Post# 21789272

RE:If you boys don't think that Bengal management is bullish...

RE:If you boys don't think that Bengal management is bullish...They are definitely bullish, and for very good reasons.
The sellers now are the investors who bought at far higher prices and are looking at any uptick to unload.

They are basically tired of waiting for any real appreciation of the stock price, in essence I don't completely blame them but they are selling off the goose with the golden egg.

I've held this stock for many years and have no intention of selling until we are well into the $$ area.

Cheers 
Bullboard Posts