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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
Post by nobletraderon Feb 08, 2011 8:07pm
254 Views
Post# 18098164

Analyst Report

Analyst ReportIt would be interesting to see the Wellington report, however it won't contain any information or opinion that is not already obvious to the very rudimentary investor. The $3.5 target price is much to conservative a guestimate. 

The biggest roadblock to BNG is the potential for an early takeover particularly if China is successful in temporarily suppressing the price of commodities such as oil. This could create the necessary environment just long enough in duration to to allow a takeover at a greatly discounted price.

We will see a steady appreciation of the share price until the market cap approaches $150mil. Even at that level it wouldn't take much see the MC increase to $300mil.

Good hunting to all  
Bullboard Posts