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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
Comment by traderbrion Oct 08, 2011 4:11pm
303 Views
Post# 19132644

RE: Ready to pop

RE: Ready to popBengal director Bonnycastle resigns
Ticker Symbol: C:BNG
Bengal director Bonnycastle resigns
Bengal Energy Ltd (C:BNG)
Shares Issued 51,961,349
Last Close 10/6/2011 $1.25
Friday October 07 2011 - News Release
Mr. Chayan Chakrabarty reports
BENGAL ENERGY REPORTS RETIREMENT OF BOARD MEMBER
Richard Bonnycastle has retired as a director of Bengal Energy Ltd. Having served as a director of Bengal for the past 15 months through a major reorganization and successful fundraising, Mr. Bonnycastle now wishes to reduce his professional commitments and has tendered his resignation to the board of directors.
Chayan Chakrabarty, Bengal's president and chief executive officer, stated that: "Mr. Bonnycastle's commitment to Bengal, both as a director and key investor, has been instrumental to Bengal's growth and development. Due in large part to Mr. Bonnycastle's support and guidance, Bengal is now well placed to further advance our exploration projects in India and Australia. We thank Mr. Bonnycastle for his efforts and commitment to Bengal, and wish him well in the future ".
© 2011 Canjex Publishing Ltd.
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