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BOW ENERGY LIMITED

ASX: BOW

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Description

Delisted 20 January 2012

Bow Energy Limited is an S&P/ASX200 Index company based in Brisbane, Australia. The Company’s primary business is the discovery and commercial production of coal seam gas (CSG) and conventional oil fields, with projects in several of Australia’s producing basins.

Bow has eight CSG projects located in Queensland within the highly prospective Bowen and Surat Basins. The Company is developing commercial CSG production to supply domestic and export gas markets. The Company has grown rapidly since its $6 million Initial Public Offering on the Australian Securities Exchange in May 2005.

Bow currently has the largest uncommitted 3P gas reserves in Queensland and 100% ownership of its key CSG acreage, which is strategically located adjacent to established projects and with access to both domestic and planned export liquefied natural gas (LNG) markets around Gladstone.

A third party study has identified gas in place (GIP) potential across Bow’s CSG projects of over 13.8 trillion cubic feet (Tcf) and to date 2,739 petajoules (PJ) of 3P and 149PJ of 2P net gas reserves have been certified. Bow is targeting 2011 year-end gas reserves of 1,250PJ of 2P and 6,200PJ of 3P.

The Company is pursuing multiple channels to market including:

?? Domestic power generation
?? Domestic gas supply for industry
?? Export LNG markets via Gladstone

Putting a price on carbon is high on the political and social agenda worldwide, including Australia, and this will result in increased demand for lower carbon emitting fuels such as CSG. This is already resulting in gas-fired electricity generation trending from supplying peaking demand towards intermediate and ultimately base-level electricity generation.

Delivering Bow’s performance targets is the task of the Company’s experienced managerial and technical team, which includes leaders in the development of Queensland’s fast-growing CSG industry.

Bow is on the right track for growth, with the right assets in the right areas managed by the right people. As part of Australia’s cleaner energy future, the Company is in an excellent position to capitalise on the rapid growth in energy demand across Australia and the Asia-Pacific region.

Mine For

coal seam gas, oil, gas

Location of operation(s)

Queensland, Western Australia, New South Wales

Australian Basins

Cooper, Surat, Bowen, Clarence-Moreton

Address

Level 26 10 Eagle St
BRISBANE, QLD, AUSTRALIA

Phone

(61 7) 3238 6300

Email

Website


Last Updated

29/6/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.