Bengal Energy Ltd T.BNG

Alternate Symbol(s): BNGLF

Energy Oil & Gas E&P

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.

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Bengal Energy Ltd

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Comment by brieferon Oct 05, 2012 7:49pm

221 Views

Post# 20455102

RE: RE: I'm A Little

So will I if it's every day. Ha Recieved an e mail from A SH friend. Target is at $2.15. Still a good double from here & there is still many targets to be punched.

I really was not impressed when they bought the rig but I guess in hind sight it really gives them flexability & will not be held hostage by the drillers for obnoxious daily rates as the price of oil increases. The drillers are like parasites sucking the life blood out of the smaller plays. If they can't afford the daily rates too bad so sad.

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