Bandanna Energy Limited

Bandanna Energy Limited (ASX:BND) is pleased to announce that it has engaged an independent consulting group to undertake a Concept Study for the development of its Arcturus Project as a potential open cut thermal mine. EPC 1221 is 100% held by Springsure Creek Coal Pty Ltd, a wholly-owned subsidiary of Bandanna.

Bandanna Energy Limited (ASX:BND) is pleased to announce that it has engaged an independent consulting group to undertake a Concept Study for the development of its Arcturus Project as a potential open cut thermal mine. EPC 1221 is 100% held by Springsure Creek Coal Pty Ltd, a wholly-owned subsidiary of Bandanna.

Bandanna Energy Limited (ASX:BND) is pleased to provide the attached Report on the Exploration Target for the Northern Area of EPC 1049. This report identifies, in accordance with the JORC Code, a significant coal exploration target of 570 Mt to 960 Mt (average 830 Mt) within an area of approximately 100 km2 of EPC 1049. This target relates only to the daughter seams of the D1 and D2 seams.

Bandanna Energy Limited (ASX:BND) is pleased to provide the attached Resource Statement for the Alpha Project Joint Venture's EPC 1049 located in the eastern Galilee Basin. The results relate to 150 drill holes (including 58 partially cored holes and 11 re-drills) totalling more than 17,500 m of drilling. This work has been fully funded by AMCI (Alpha) Pty Ltd (AMCI) as part of a farmin agreement by which AMCI can earn up to 50% interest in the Alpha Project area by spending up to A$25 million.

Bandanna Energy Limited (ASX:BND) is pleased to announce an update to the Resources in EPC 1221 ("Arcturus Project") estimated in accordance with the JORC Code. Gordon Saul*, Principal Geologist of Resolve Geo Pty Ltd, consultants to Bandanna Energy Limited, has provided the attached Resource Statement.

Bandanna Energy Limited (ASX:BND) is pleased to announce the results of its recent exploration campaign in EPC 1221 ("Arcturus Project"), comprising 21 open holes, 11 Line of Oxidation holes and 11 core holes.

The Australian share market yesterday closed significantly lower as investors anticipated further drop in Europe and US. The benchmark S&P/ASX200 index fell 132.7 points, or 3.4 per cent, to 3723.4, while the broader All Ordinaries index declined 131.7 points, or 3.4 per cent, to 3710.8.

Bandanna Energy Limited (ASX:BND) is pleased to announce that its application EPCA 1189, through its wholly owned subsidiary Carnarvon Coal Pty Ltd, has now been approved by the Queensland Government authorities. The new permit, EPC 1189, is located in the southern Bowen Basin and is contiguous with EPC 1195 awarded to Bandanna in February 2009.

Bandanna Energy Limited (ASX:BND) wishes to announce that it has reached an agreement with Custom Mining Dingo Pty Ltd ("CMD" a subsidiary of Macarthur Coal Limited; ASX Code MCC) regarding CMD's withdrawal from the Joint Venture and Farm In Agreement relating to the Dingo West Project in EPC 881. In doing so Bandanna (through its wholly owned subsidiary Dingo West Coal Pty Ltd) will now retain a 100% interest in this Project.

Bandanna Energy Limited (ASX:BND) is pleased to announce that it has recently received encouraging gas content and composition information from their wholly owned Springsure Creek exploration project, EPC 891. Analysis by Geogas, the principal supplier of gas data to the Queensland coal industry, indicates low gas levels within the potential underground project area at Springsure Creek.