Floods couldn't dampen Bowen's spirit

DRILLING at Bowen Energy's coal exploration projects in the Bowen Basin is expected to begin in the next few weeks, as soon as the ground dries out sufficiently from the recent floods.
Floods couldn't dampen Bowen's spirit Floods couldn't dampen Bowen's spirit Floods couldn't dampen Bowen's spirit Floods couldn't dampen Bowen's spirit Floods couldn't dampen Bowen's spirit

Bowen Energy coal tenements. Courtesy Bowen Energy prospectus.

Christine Feary

Bowen has two rigs available, but must wait for the ground to dry enough to allow heavy vehicle access.

Once onsite the rigs are expected to drill continuously until the end of December.

Managing director Kevin Nichol said Bowen intends to maintain a strong cash position in order to complete its planned drilling and field exploration work in the Bowen Basin while still being able to take advantage of new opportunities.

Bowen is in discussions with a number of local and international parties regarding new resource development projects in the Asia-Pacific region.

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