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Bengal Energy Ltd BNGLF


Primary Symbol: T.BNG

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

Comment by traderbrion May 07, 2022 11:22am
420 Views
Post# 34664414

RE:RECENT STRENGTH

RE:RECENT STRENGTHThe only reason that I can see is that this year Bengal is pursuing a dual listing on the Australian stock exchange which will give it a lot more exposure, something bng needs in a big way. With Brent at record prices you would expect to see a better stock price than what we see here on the tsx, it should be trading in the .18 to .25 cent range but lack of good news and exposure is the results we see today. Cheers.
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