Bandanna Energy (ASX:BND) Quarterly Activities Report For Period Ending 31 March 2010

Brisbane, May 3, 2010 AEST (ABN Newswire) - The following activities have been conducted by, or on behalf of, Bandanna Energy (ASX:BND) and its wholly-owned subsidiaries ("Bandanna") during the three months 1 January 2010 to 31 March 2010 ("Reporting Period").

Highlights

- Increase of JORC resources at Springsure Creek to 304.7 million tonnes
- Prefeasibility Study commenced at South Galilee Project 18 March 2010
- Protracted wet delayed recommencement of field activities
- Exploration drilling at Arcturus planned for April 2010 (commenced 28/04/10)
- Exploration drilling at Springsure Creek planned for April 2010 (commenced 28/04/10)
- Springsure Creek concept study to commence April/ May 2010
- Additional Seismic Survey at Dingo West planned April / May 2010
- 145 hole Exploration and Development drilling program commences at South Galilee Project April 2010 (commenced 29/04/10)
- Results for the P-TEM survey over PEL 88, ATP 539P and ATP 549P West were received and are now being interpreted.

For the Full Quarterly Report, please visit:
http://www.abnnewswire.net/media/en/docs/62781-ASX-BND-177923.pdf

Contact

Dr Ray Shaw Managing Director Bandanna Energy Limited Tel: +61-7-3041-4400