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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (7218)	6/17/2014 5:05:39 PM
From: Goose94	Read Replies (1) \| Respond to of 203019

BNG-T kissed it's 9 month high, 70 cents to closed at $0.69 up 9 cents vol. 689,942 shares.

To: Goose94 who wrote (7218)	10/24/2014 7:18:23 PM
From: Goose94	Read Replies (2) \| Respond to of 203019

Bengal Energy (BNG-T) Oct 24, '14 has closed its $25.0-million (U.S.) secured credit facility with Westpac Institutional Bank. The facility is secured by the company's producing assets in the Cuisinier field in Australia's Cooper basin over a three-year term. In advance of the initial draw, Bengal will initiate a program to hedge approximately 280,000 barrels of oil over the term of the loan. The company anticipates the initial draw will occur before Oct. 31, 2014, and will be used to finance phase 2 of the 2014 Cuisinier drilling program set to commence in November, 2014. The company will also utilize the facility to finance the redemption price of the $7.5-million principal amount of the company's 10-per-cent outstanding unsecured non-convertible redeemable notes. Bengal has issued a notice of redemption to holders of the notes pursuant to which Bengal will redeem the notes, effective Nov. 24, 2014, for a redemption price equal to $1.03 per $1 of outstanding principal amount of the notes plus all accrued and unpaid interest thereon to but excluding the redemption date, for an aggregate redemption price for the notes of $7,838,014.