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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
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(57)
•••
Comment by traderbrion Nov 20, 2012 3:19pm
142 Views
Post# 20623509

RE: RE: RE: RE: SP

RE: RE: RE: RE: SP

With the SP now trading in under 50 cents we are also trading in half cents.

This is pretty discouraging when there is such a slash down in the value of the company, this will take a long time to climb back over a dollar ... of course, if management could get their act together and and show some decent leadership we just may survive as a viable company.

Also, being so underwater as all investors are for now the only thing which I hate to do is to double up and hope that by next june july we may be back up over that $ range.

New Zealand energy is also suffering with a lot of tax loss selling with no real solid buyers in sight which is dropping their SP to bargain buying areas.

Cheers

Bullboard Posts
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