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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Post by efficientmyasson May 23, 2013 10:44am

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Post# 21431721

JV with Beach

Splitting Tookanooka 50/50 with Beach Energy

I like the choice of partners. Beach, for those unfamiliar, has done a great job developing their properties in South Australia. Chevron recently agreed to pay a boat load (>$300 million) to farm into two Beach blocks.

I don't love that they aren't fully carried on the two wells (let’s hope costs can be controlled) and I'm a little nervous about BNG ceding operational control of the JV to a partner who may not be as focused as they are.

Not sure why there hasn’t been a press release, but I looks like Cuisinier 11 was successful: https://www.santos.com/share-price-performance/current-well-information.aspx?year=2013

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