Bow Energy Limited

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) is pleased to announce that it has successfully completed a placement of 42.1 million ordinary shares to Institutional and Sophisticated Investors at A$1.15 per share to raise A$48.4 million.

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) today announced that it will undertake an institutional placement of new ordinary shares ("Placement") to raise approximately A$48 million. In addition to the Placement, Bow will offer eligible shareholders the right to participate in a Share Purchase Plan ("SPP") capped at A$30 million, details of which will be sent to shareholders shortly.

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to announce an additional 213 petajoules (PJ) 3P certified reserves for its Blackwater CSG Field located approximately 250km west of Gladstone, Queensland. The upgrade represents a 15% increase in reserves for the Blackwater CSG Field from 1,383PJ to 1,596PJ thereby increasing Bow's total net 3P Reserves to 2,574 PJ.

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to announce commencement of drilling of the Barta North-1 well located 4.2 kilometres west-south-west of the Cuisinier-1 producing oil field which is continuing to produce at approximately 400 barrels of oil per day.

Further to the announcements to the ASX on 28 May and 26 July 2010, D'Aguilar Gold Limited (ASX:DGR) are pleased to provide an update on activities of its subsidiary Armour Energy formed to focus on gas opportunities in northern Australia.

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to provide an update on exploration, appraisal and pilot production program in Bow's Bowen Basin CSG tenements. So far this year, Bow operations have been delayed over three months due to wet weather, which resulted in limited access, unsafe conditions and unscheduled delays in our reserves certification. Regardless, Bow's aggressive drilling and testing programs scheduled over the current quarter are targeting to deliver upon Bow's continued reserve upgrades from early next year.

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) wish to provide an update to the market regarding discussions between Bow Energy and Liquefied Natural Gas Ltd (ASX:LNG).

Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to announce the start of construction on Bow's 100% owned 30 megawatt gas-fired Blackwater Power Project, located approximately 15 kilometres north-east of the town of Blackwater in central Queensland.

The Directors of Bow Energy Limited (ASX:BOW) (PINK:BOWYF) provide clarification on current certified gas reserves over the Comet Block (ATP 1025P). Based on internal estimates, gas reserves of approximately 286PJ of 3P and 7PJ of 2P within three leasehold lots located in the Comet Block are still awaiting native title extinguishment.

The Directors of Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to provide a progress report on the drilling program currently underway in the Norwich Park block, ATP 1031, (Bow 100%) located approximately 300 km north-west of Gladstone, Queensland. Bow has identified three potentially high potential CSG prospects within this block, Vermont, Dysart and Norwich. Bow has now completed the first 4 wells as part of a 7 well initial CSG exploration program.