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.

TSX:BNG - Post by User

Bengal Energy Ltd

Bullboard Posts

Comment by nobletraderon Nov 02, 2012 12:27pm

134 Views

Post# 20555482

RE: RE: RE: Smells like a leak to me

Bought yesterday at $0.80 scensing that we would see a positive NR. It is tough to see this plunge today as I bought against my better judgement. No doubt that it is looking like the next NR won't be a good one and I will dump to cut loses if we continue to decline. Any potential buy out of this company would occur at current or lower prices unless something positive happens soon.

The longer it takes for an NR the more likely it will be a negative one.

Live & learn.

Bullboard Posts

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