Brisbane, Nov 20, 2009 (ABN Newswire) - Bandanna Energy Limited (ASX:BND) is pleased to announce the appointment of Mr Park Soon IL as a director of Bandanna on 19 November 2009, following the 10% share placement to SAMTAN Aures Pty Ltd, a wholly owned subsidiary of SAMTAN Co., Ltd.
Mr Park Soon IL is the Senior Managing Director of SAMTAN's Energy & Resources Development Division. Mr Park Soon IL is a qualified mining engineer with 30 years experience in Korean and Indonesian mines. Mr Park Soon IL brings significant coal industry knowledge to the board through his involvement with SAMTAN's Kideco mine in Indonesia.
The Chairman of Bandanna, Mr Jeremy Barlow said that Mr Park Soon IL will make an extremely valuable contribution to the Board, given his long and distinguished mining industry experience in Korea and Asia generally. "I look forward to a productive and growing relationship with SAMTAN in the development of the Bandanna assets through the appointment of Mr Park Soon IL" Mr Barlow commented.
Bandanna Energy Limited (ASX:BND) holds 11 Exploration Permits for Coal (EPC's) with applications for a further five (EPCA'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.
Contact
Dr Ray Shaw Managing Director Tel: +61-7-3041-4400 Fax: +61-7-3041-4444
Bandanna Energy Limited
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