Bandanna Energy Limited
ASX:BND ISIN:AU000000BND8
Bandanna Energy is the only ASX listed company with substantial coal assets in both the Bowen and Galilee basins subject to EIS and advanced mine studies. The company is committed to working constructively with the communities in which it operates, and delivering growing returns to shareholders, government and the community.
Bandanna Energy's Springsure Creek underground thermal coal project is scheduled to commence production in mid-2015. Bandanna is a 14% shareholder in Wiggins Island Coal Export Terminal (WICET) Stage 1 at Gladstone, with port allocation of 4Mtpa for the Springsure Creek Project, and has also secured the necessary infrastructure capacity for the integrated rail haulage of coal from the Springsure Creek Project to port.
News
Bandanna Energy Limited (ASX:BND) is pleased to announce that it has reached a commercial agreement for a rail solution for its Golden Triangle projects. The Wiggins Island Rail Project (WIRP) Agreement was reached by Bandanna Energy and other Stage 1 WICET shippers with QR Network Pty Ltd, a wholly owned subsidiary of QR National (ASX:QRN).
Bandanna Energy Limited (ASX:BND) wishes to advise that the retail component of the Entitlement Offer ("Retail Offer") will open on Thursday, 25 August 2011 and will close at 5.00pm (AEST) on Friday, 9 September 2011. The Retail Offer is for the issue of up to approximately 33 million shares at A$ 1.00 each, on the basis of 5 new ordinary shares for every 16 existing ordinary shares held at 7.00 pm (AEST) on Monday 22 August, 2011. The Retail Offer is non-renounceable and is not underwritten.
Bandanna Energy Limited (ASX:BND) today announced the successful completion of the institutional component of its 5 for 16 accelerated non-renounceable entitlement offer of new Bandanna ordinary shares at an offer price of A$1.00 per New Share Completion of the Institutional Offer represents the first stage of Bandanna's capital raising of up to approximately A$133 million, announced on 17 August 2011. The Institutional Offer has raised gross proceeds of approximately A$100 million.
Bandanna Energy Limited (ASX:BND) today announces an equity raising by way of an accelerated non-renounceable entitlement offer ("Entitlement Offer") to raise up to approximately A$133 million to assist with developing key projects including securing Stage 1 capacity at Wiggins Island Coal Export Terminal ("WICET") and associated rail allocation.
Bandanna Energy Limited (ASX:BND) is aware of further recent media speculation concerning the process which Bandanna Energy Limited previously announced to address the outcomes of the strategic review conducted earlier in the year.
Bandanna Energy Limited (ASX:BND), through its wholly owned subsidiary Springsure Creek Coal Pty Ltd, is pleased to announce a 109% increase in Marketable Reserve at its Springsure Creek Project in the southern Bowen Basin south of Emerald, Qld.
Bandanna Energy Limited (ASX:BND), through its wholly owned subsidiary Springsure Creek Coal Pty Ltd, is pleased to announce an increase to 374.5 million tonnes in its JORC compliant Resources at EPC 891 (Springsure Creek). This Resource comprises Inferred Resources of 245.0 million tonnes and Indicated Resources of 129.5 million tonnes. The Indicated Resource represents an increase of 79.3% compared to the last Resource Statement issued in October 2010. The new Resource Statement follows the completion of 3 chip and 14 cored boreholes of the targeted Aries 2 seam.
Bandanna Energy Limited (ASX:BND), through its wholly owned subsidiary Dingo West Coal Pty Ltd is pleased to announce that it has formally applied for a Mining Lease on EPC 881, known as Dingo West.
Bandanna Energy Limited (ASX:BND) is aware that there has been recent media speculation concerning the Bandanna Energy Limited transaction process. As previously announced, Bandanna has invited shortlisted parties to progress through a second stage of the transaction process. This stage involved management presentations and detailed due diligence.
Bandanna Energy Limited (ASX:BND) is pleased to announce that it has been notified of the Federal Government Department of Sustainability, Environment, Water, Population and Communities decision under the Commonwealth Environment Protection and Biodiversity Conservation Act 1999 in respect to the Dingo West Coal Mine Project.
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