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

Comment by efficientmyasson May 22, 2013 12:06pm

159 Views

Post# 21426811

RE: Bng

you mean the buy order from RBC for ~$32k worth of stock? that doesn't strike me as overly optimistic behaviour.

Board member Wheeler increasing his position by nearly 2 million shares in April does strike me as optimistic behaviour. FWIW, he now owns more than 10% of the company.

Cuisinier wells usually take ~14 days to drill, so we should see a press release this week for "Cuisinier 11" which was spud on May 9th.

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