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Distributed: Nov 17, 2010

Bow Energy Limited (ASX:BOW) Early Promising Results from Barta North-1 Oil Exploration Well

WWW:www.bowenergy.com.au
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Bow Energy Limited (ASX:BOW)

Bow Energy Limited (ASX:BOW) Early Promising Results from Barta North-1 Oil Exploration Well

Brisbane, Nov 17, 2010 (ABN Newswire) - Bow Energy Limited (

ASX:BOW) (

PINK:BOWYF) are pleased to announce they have been advised by Santos Limited, the operator of the ATP 752P Farmin Joint Venture (15% Bow after farmin completed) , that the Barta North-1 oil exploration well encountered potential oil zones and has been cased and suspended for future testing next during the upcoming quarter.

The Barta North-1 exploration well targeted the Murta sandstone approximately 4 kilometres west-south-west of the Cuisinier-1 Murta sandstone oil discovery. The Barta North-1 well encountered a strong oil show with up to 4.5 meters of net pay interpreted in the Murta sandstone. The Murta sandstone reservoir at Barta North-1 may be similar to the Cuisinier-1 Murta sandstone reservoir which is currently producing. Deeper in the well, a moderate oil show was seen over a 6 metres interval within an intra-Birkhead sandstone.

Both zones in Barta North-1 will be further evaluated by cased hole testing to determine production capabilities with the operator planning to carry out testing during the first quarter of 2011.

Bow Energy participated in the drilling of Barta North-1 at no cost and will contribute 15% of the cost for production casing and cased hole testing.

The drilling rig has mobilised to the Cuisinier-2 well location, an appraisal well for the Cuisinier Oil Field, which spudded over the weekend. Bow is fully carried on the drilling of the Cuisinier-2 well.

About Bow Energy Limited

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) is an S&P ASX 200 All Australian Index and S&P ASX 300 Index Company. 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.

The company is focused on expanding its CSG reserves, with eight CSG projects located within the highly prospective Bowen and Surat Basins of Queensland, and developing production for domestic and export natural gas customers.

The company has GIP potential across its CSG projects of over 13.8 Tcf and to date has certified net gas reserves of 2,360 petajoules (PJ) of 3P and 114 PJ of 2P. A record drilling program is underway for 2010, targeting year-end reserves of 4,128 PJ of 3P and 455 PJ of 2P.

Bow is currently developing the Blackwater Power Project, Bow's 100% owned 30 megawatt power station near Blackwater, central Queensland, which is scheduled for commissioning by the end of the first quarter 2011.

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