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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 Vanboarderon Feb 18, 2013 6:35pm
93 Views
Post# 21006604

RE: Bng

RE: Bng

More abductions( nowhere close to where they operate), the well is completed... just the testing continues, and it was one pipeline outage not outages which if we get the other pipeline deal signed it's off to the races as the risk is reduced and production can potentially triple!!!

If you want to compare something how about SP increase over the last year on BNG vs MMT? Not even close.

Lastly if everything goes perfect for BNG what's the prize? Practically NOTHING compared to MMT IMHO and besides BNG seems to take F.O.R.E.V.E.R. to do anything and usually it requiries a financing to boot due to low BPD's being produced.

Guess time will tell who's right?

Bullboard Posts