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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 brieferon Nov 21, 2012 11:41am
245 Views
Post# 20627150

Everyone gets a Little Chub

Everyone gets a Little Chub

because the company & bulls love to throw out the 100% drilling success (which is great). Now if they are getting 100% drilling success & the SP can't gain upward traction have you ever considered what might happen if they drill a dry hole?

Just throwing it out there because it is pretty unrealistic to think they will hit everytime they drill. Finding the oil is sometimes easier than making money after finding it. AEN's Katandra is capped & still sitting there waiting for the infrastructure after all these years & yes AEN SH's (myself included) got all excited but learned very quickly a discovery doesn't always mean money.

Bullboard Posts