Bow Energy drilling SW Qld potential coal seam gas area ...

Excerpt from Bow Energy press release:

30 July 2008

The highlights of the Canaway Ridge CSG Project are:

• Shallow CSG potential in Cretaceous aged Winton Coals (280-600m depth below surface)

• Good coal permeability inferred from a water bore which recovered gas consisting of over 94% methane and very low CO2.

• A giant 446km2 4-way closed structure interpreted which has the potential to contain a recoverable gas resource of 451 PJ (369 PJ net to Bow) within the structural closure.

Bow plans to dedicate a portion of the Canaway Ridge CSG Project gas deposit, once proven, as feedstock for an additional proposed small scale domestic LNG plant which could be built in the vicinity. Building of a second LNG plant would greatly increase the Bow’s geographic domestic LNG market spread to cover the majority of Southern Queensland as illustrated in the presentation.

Bow looks forward to drilling the Canaway Ridge CSG Project, which is currently planned to commence in September. Pending positive results, Bow could be developing the Canaway Ridge CSG Project in conjunction with its 55% owned Don Juan CSG Project located north of Roma.

See - Bow Energy - Canaway Ridge CSG Project.