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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 brieferon Nov 02, 2012 12:11pm
107 Views
Post# 20555370

RE: RE: Smells like a leak to me

RE: RE: Smells like a leak to me

BNG doesn't have a large # of OS so 200,000 volume is significant although not huge. I think the election coupled with falling Oil/NG prices is the culprit. Even if good news was to come out today it might not help the SP.

BNG has significant upside it's just frustrating waiting years for it to materialize but when it does it will be worth it. BNG might even be taken out shortly because the NS assets seem to be consolidating. IAE is on the hunt but I thing BNG & even AEN are too small of fish for them right now. But when the production starts to go higher who knows. I keep buying but I think I'll just sit now & see what happens. Made my last buy today now it's up to management to increase SH value & gain some market respect.

Bullboard Posts