Private Eye

Off-market insider buying at Bengal Energy (T:BNG)

Updated Friday Feb 26, 2021 04:31 AM EDT

William Ball Wheeler, a Director and 10% Holder, acquired 330,720,000 Common Shares on an indirect ownership basis for registered holder Texada Capital Managment Ltd at a price of $0.050 through a private transaction on February 25th, 2021. This represents a $16,536,000 investment into the company's shares and an account share holdings change of greater than 100%.

Bengal Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Bengal Energy Ltd. is an oil and gas exploration and production company. The Company's segments include Australia, Canada and India. The Company is engaged in the business of acquiring international oil and natural gas properties and exploring for, developing and producing oil and natural gas. It has oil production in the Cooper/Eromanga Basin in Australia and an active inventory of oil and gas opportunities in Australia. The Company's properties include ATP 752, ATP 732 Tookoonooka and ATP 934 Barrolka, which are situated within an area of the Cooper Basin. ATP 752 is subdivided into the Barta Sub-Block and the Wompi Sub-Block. Its subsidiaries include Bengal Energy International Inc., Bengal Energy (Australia) Pty Ltd, Avery Resources (Northern Ireland) Ltd. and Northstar Energy Pty Ltd.

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