BANDANNA ENERGY LIMITED - ASX: BND

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Description

Bandanna Energy Limited holds 16 Exploration Permits for Coal (EPC’s) in the Bowen and Galilee Basins in Queensland. In addition the Company has conventional oil and gas exploration interests in the Cooper Basin of South Australia and Queensland and mineral exploration licences, primarily for oil shale in Queensland. Formerly known as Enterprise Energy Limited, in early October 2008 the Company completed a transaction involving the acquisition of the issued capital of Bandanna Coal Pty Ltd, a capital raising and a 1 for 10 share consolidation. The name change to Bandanna Energy Limited reflected the future emphasis on coal, the Bandanna Formation being a well known coal bearing geological unit within the Bowen Basin.

Key projects of the Company include

* South Galilee Project (formerly Alpha Project) area (EPCs 1048, 1049, 1179 and 1180) where the international coal company AMCI is earning up to a 50% interest by funding up to $25 million of exploration.

* The Arcturus Project (EPC 1221) where the Company has already completed approximately 30 exploration holes in order to delineate a potential open cut thermal coal resource.

* The Dingo West Project, in EPC 881, a potential open cut thermal/PCI project which is 100% owned.

* The Springsure Creek Project (EPC 891) where the Company has already delineated a significant raw thermal coal resource.

Mine For

oil, gas, coal

Location of operation(s)

Queensland, South Australia

Australian Basins

Cooper, Bowen, Galilee

Address

Level 12, 410 Queen Street
BRISBANE, QLD, AUSTRALIA

Phone

(07) 3041 4400

Email

Website

http://www.bandannaenergy.com.au

Last Updated

30/04/2010