Bengal Energy Ltd BNGLF

Primary Symbol: T.BNG

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 traderbrion Jun 30, 2022 2:53pm

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Post# 34794674

BNG Investor Relations.

After contacting investor relations about Australian listing, they responded with the following.

Our plan is to list on the ASX by Q4 of 2022 and we have undertaken all of the required steps other than engaging a broker to raise the IPO capital. We believe that there is currently a window in the energy sector to raise capital, but need to ensure that we partner with the right broker to provide post listing support in Australia to ensure liquid trading. We hope to have more news on this shortly.

Cheers.

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