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.

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Bengal Energy Ltd

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Comment by Vanboarderon Feb 20, 2013 7:01pm

175 Views

Post# 21019325

RE: RE: RE: RE: RE: RE: RE: Bng

Shatner,

You could be right on the cut and paste thing but I just can't see them telling shareholders (or potential ones) that they may need to raise funds for operations if it's already been dealt with.

I just don't think current cashflow (even once Cuisinier ramps up) plus the $3.5 mill recently raised is enough to fund all the things planned for the upcoming year. The numbers just simply don't work IMO.

Guess we'll just agree to disagree and see what happens. Either way I hope you get in at the price you want and BNG takes off.

Cheers,

Van

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