Bandanna Energy Limited 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.
Key projects of the Company include
The Dingo West Project, in EPC 881, where a subsidiary of Macarthur Coal Limited (“Macarthur Coal”) is currently earning up to a 70% interest through a farmin. Upon successful completion of the farmin Bandanna will retain a 30% interest in the Dingo West Project, including marketing rights for its share of any produced coal.
Alpha Project area (EPCs 1048, 1049, 1179 and 1180) where the international coal company AMCI is earning up to a 50% interest by funding up to $25 million of exploration.
The Springsure Creek Project (EPC 891) where the Company has already delineated a significant raw thermal coal resource.
A new Board, Chaired by Jeremy Barlow, is committed to making Bandanna a strong mid-tier player within the coal and energy sectors of the ASX.
The ASX code is:
Notice of Annual General Meeting and Explanatory Memorandum
Resource Statements for Arcadia and Springsure Creek
Prospectus
