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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
Post by traderbrion Feb 06, 2014 11:00am
145 Views
Post# 22179177

Bad News or What??

Bad News or What??Price: $0.40 | Change: $-0.07 | % Change: -14.89% 

The price of BNG stock has steadily eroded over 80% since it's high a few years ago.

Can't blame the market for todays slump in stock price.
Once again we have an investor who is tired of the "never ending wait" for some good production numbers along with news of progress.
Are we headed for the dustbin of failed stocks .. I hope not.
I can't help but feel that a new approach to keeping the investor more informed on operations would go a long way.
Cheers  
Bullboard Posts