Company Profile
Bow Energy Limited is an S&P/ASX200 Index company based in Brisbane, Australia.
The Company’s primary business is the discovery and commercial production of coal seam gas (CSG) and conventional oil fields, with projects in several of Australia’s producing basins.
Bow has eight CSG projects located in Queensland within the highly prospective Bowen and Surat Basins. The Company is developing commercial CSG production to supply domestic and export gas markets. The Company has grown rapidly since its $6 million Initial Public Offering on the Australian Securities Exchange in May 2005.
Bow currently has the largest uncommitted 3P gas reserves in Queensland and 100% ownership of its key CSG acreage, which is strategically located adjacent to established projects and with access to both domestic and planned export liquefied natural gas (LNG) markets around Gladstone.
A third party study has identified gas in place (GIP) potential across Bow’s CSG projects of over 13.8 trillion cubic feet (Tcf) and to date 2,739 petajoules (PJ) of 3P and 149PJ of 2P net gas reserves have been certified. Bow is targeting 2011 year-end gas reserves of 1,250PJ of 2P and 6,200PJ of 3P.
The Company is pursuing multiple channels to market including:
- Domestic power generation
- Domestic gas supply for industry
- Export LNG markets via Gladstone
Putting a price on carbon is high on the political and social agenda worldwide, including Australia, and this will result in increased demand for lower carbon emitting fuels such as CSG. This is already resulting in gas-fired electricity generation trending from supplying peaking demand towards intermediate and ultimately base-level electricity generation.
Delivering Bow’s performance targets is the task of the Company’s experienced managerial and technical team, which includes leaders in the development of Queensland’s fast-growing CSG industry.
Bow is on the right track for growth, with the right assets in the right areas managed by the right people. As part of Australia’s cleaner energy future, the Company is in an excellent position to capitalise on the rapid growth in energy demand across Australia and the Asia-Pacific region.