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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 05, 2012 11:16am
143 Views
Post# 20562788

RE: RE: Looks Like

RE: RE: Looks Like

'like many others have had a thick skin for a very long time. However, when it comes to stellar results management at BNG is sorely lacking. One would think that it would be obvious to management that the first well drilled using their newly purchased rig would have a significant impact on how investors precieved their ability to identify high impact locations & successfully drill their first well. There is little doubt that these results as most all results from management were mediocre at best.

You can't put lipstick on a pig forever & expect investors to maintain confidence.

Bullboard Posts