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 Nov 02, 2012 12:58pm

100 Views

Post# 20555698

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

And don't forget even if the rig has reached TD there is much more work to be done before all the info can be released. This company is sound IMO but just like AEN management seems to be very cautious & doesn't move faster than a snails pace. Of course when insiders are picking up cheap shares through a company purchase plan plus wages & compensation coming in all the time there is no rush for management to get er done. IMO Only but this management team tersts the patience of Jobe !!

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