Sydney, Feb 16, 2009 AEST (ABN Newswire) - Bandanna Energy Limited (ASX:BND) is pleased to announce that its application EPCA 1195, through its wholly owned subsidiary Carnarvon Coal Pty Ltd, has now been approved by the Queensland Government authorities. The new EPC 1195 is located in the southern Bowen Basin and is contiguous with EPCA 1189, which is currently an application by Bandanna Energy.
EPC 1195 covers an area of 339 km2 and lies approximately 41 km to the north of the township of Injune. The Charleville - Brisbane railway is located approximately 120 km from the EPC.
Application for New Exploration Permit
Bandanna Energy Limited wishes to advise that its wholly owned subsidiary, Advocate Holdings Pty Ltd, has made application for an Exploration Permit for Minerals (EPMA 17932). This EPMA, which lies adjacent to Bandanna's recently awarded EPM 17568, is located in the southern Bowen Basin.
Together these areas cover approximately 140 km2 and have been applied for in order to explore for potential deposits of the mineral bentonite.
Wet Weather results in Force Majeure
Custom Mining Dingo Pty Ltd, a partially owned subsidiary of Macarthur Coal Limited, has informed the Company that due to heavy rain and localised flooding it has been necessary to invoke, in accordance with the Joint Venture Agreement, force majeure for its current exploration operations in EPC 881 (Dingo West). At this stage field activities may be temporarily suspended for a minimum of approximately 2 weeks until ground conditions improve.
Competent Person's Statement
Reference is made to the visual component of the Boardroom Radio presentation released to the market on 12 February 2009. That presentation contained certain resource statements and exploration targets which inadvertently omitted the necessary Competent Person's Statement authorizing their usage in the form and context provided. Please refer to the attached revised presentation which incorporates same on the second slide.
Contact
Ray Shaw
Managing Director
Bandanna Energy Limited
TEL: +61-2-9923-1520
Jeremy Barlow
Chairman
Bandanna Energy Limited
+61-7-3118-8562
| ||
|
