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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
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Post by traderbrion Jan 24, 2014 5:33pm
177 Views
Post# 22132368

Interesting

Interesting

Bengal extends maturity of notes to January, 2015
Ticker Symbol: C:BNG

 

Bengal extends maturity of notes to January, 2015

 

Bengal Energy Ltd (C:BNG) 
Shares Issued 64,315,415
Last Close 1/23/2014 $0.49
Friday January 24 2014 - News Release

Mr. Chayan Chakrabarty reports

BENGAL ENERGY ANNOUNCES EXTENSION OF MATURITY DATE OF $1.75 MILLION PRIVATE PLACEMENT NON-CONVERTIBLE NOTES

Bengal Energy Ltd. has agreed with the holders of Bengal's $1.75-million aggregate principal amount of non-convertible notes to extend the term of the non-convertible notes from Jan. 24, 2014, to Jan. 24, 2015, and to provide the holders with the right to demand repayment on at least 15 business days prior written notice to Bengal. All of the non-convertible notes are held by insiders of the company.

© 2014 Canjex Publishing Ltd.

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