Don Juan CSG

(Bow 55% (through its wholly owned subsidiary Roma CBM Pty Ltd))

The Don Juan CSG Project is a Joint Venture between Bow (55%) and Victoria Petroleum NL (45%) involving two tenements ATP 771P and ATP 593P located in the western Surat Basin approximately 40 km north of Roma. Bow’s 55% ownership of the Don Juan CSG project is in the Walloon Coal Measures in both tenements.

Exploration activities performed to date have included the drilling of eleven wells over the two tenements. Drilling results so far have indicated that the area with the highest potential is in the southern central part of ATP 771P licence area which is located northwest of the BG Group plc (BG Group) Lacerta project. Sunshine Gas (now part of the BG Group) has previously publicly announced gas reserves of 1,097 PJs of 3P reserves which includes 469 PJs of 2P reserves at its Lacerta project.