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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 traderbrion Nov 13, 2012 1:25pm
184 Views
Post# 20594161

RE: MD&A Says

RE: MD&A Says

I feel your pain Briefer ... there is no investors in BNG who are not under water at this time .. myself included.

I've had a lot of patience with BNG but .. .I can tell you it's starting to wear thin

Just last month we had a close of $1.04 and by today we have lost 50% from this close. This stock lacks buyer confidence with everything basically shut in until the middle of next year ... even then it's a wait and see game.

I'm not going to sell at these prices ... maybe even buy some more and just put it down to dumb investing...  just hope I live long enough to get my investment $$$ back.

Management better take a deep look at where they are going with this company as trying to pick up more financing with the share price plumbing for new lows will be a very difficult sell.

Other than that I'm trying to stay positive and hoping that they can get some real action started in India ... at least that would take our eyes off the stalled out situation in Australia. 

Cheers

Bullboard Posts