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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
Post by nobletraderon Nov 09, 2012 4:35pm
194 Views
Post# 20583687

UGH!

UGH!

This is turning ugly. No doubt that the rumor of the latest NR a number of weeks ago increased the buying. Now that the details have been released the SP has come back down to true value. Insider buying while ongoing is paltry (still better than selling) and not an indication of any future potential. Another pending NR will likely send the SP higher but SP is likely many months away from significant potential increase. The SP is valued exactly where it should be!

Bullboard Posts