ATP 1053P GUNYAH CSG PROJECT (BOW 100%)

Bow owns 100% of the Gunyah block centrally located between the Moura-Dawson Creek and Scotia Peat CSG production projects.  A recent review of Bow’s CSG assets performed by MBA Petroleum Consultants Pty Ltd estimated gas in place (GIP) potential of 1.8 trillion cubic feet (Tcf) for the Gunyah Block.

Bow has finalised all relevant documentation, including a Conjunctive Ancillary Agreement (between Bow and the Wulli Wulli People) and the State Deed (all parties including the Queensland Government).  The Conjunctive Ancillary agreement captures the significant requirements for CSG exploration and production such as cultural heritage management plans.  Bow is currently awaiting formal granting of the tenement from the Queensland Government.