Bengal Energy(OTC) BNGLF

Bengal Energy Ltd. is an Australian-focused company specializing in the discovery, extraction, and development of crude oil and natural gas deposits. Established in 1999, the company operates primarily within Australia's Cooper Basin, holding interests in several petroleum licenses.

Products and Services

• Exploration and production of crude oil
• Extraction of natural gas
• Development of oil and gas assets in Australia

Growth Outlook

• Recent quarterly revenue reached CAD 1,279,554, showing potential for growth
• Gross profit margin improved to 25.7% in the latest quarter
• Strategic focus on expanding asset portfolio in the Cooper Basin

Financial Highlights

• Trailing twelve months (TTM) revenue of CAD 5,000,000
• Current ratio of 1.43 indicates strong short-term financial health
• Net income for the latest quarter was CAD -242,104, reflecting ongoing challenges

Bengal Energy Ltd. operates in the oil and gas exploration and production sector, with a focus on the Cooper Basin in Australia. The company has a diverse asset portfolio, which includes stakes in multiple petroleum licenses. Recent financial performance indicates a revenue of CAD 1,279,554 for the latest quarter, with a gross profit margin of 25.7%. This suggests a potential for improved profitability as operational efficiencies are realized. The current ratio of 1.43 reflects a solid short-term financial position, allowing the company to meet its short-term obligations. However, the net income for the latest quarter was CAD -242,104, highlighting ongoing operational challenges that may need to be addressed for future profitability. Overall, Bengal Energy Ltd. presents an intriguing opportunity for investors interested in the energy sector, particularly in the context of its strategic focus on expanding its asset base and improving operational efficiencies.