BOW (Bow Energy)

[tommy]

Announcement:

_________
http://stocknessmonster.com/news-ite...E=ASX&N=168628

6 June 2005
PICKABOOBA SOUTH - 1 WELL APPROVED FOR DRILLING

The Directors of Bow Energy Limited (Bow) are pleased to advise that all requirements for the drilling program for exploration well, Pickabooba South-1 located 38 km southwest of the northern NSW town of Casino, have been finalised and approved by the NSW Department of Primary Industries.
Bow has been advised by the drilling contractor, Mitchell Drilling, that the revised availability for the rig scheduled for the well should be the end of June, subject to weather, possible mechanical difficulties and current drilling activities.

Pickabooba South-1, to be drilled to 1,150 metres total depth, will test a four-way closed structural prospect with 35 PJ (2P) of recoverable gas potential. To minimise the risk of formation damage, the well will be drilled using air drilling techniques. The primary target is an intra Ripley Road sandstone that flowed up to 460,000 cubic feet per day of high quality methane gas from Pickabooba-1 located 4 km to the northeast. The well location has been sited deliberately off the absolute crest of the structure to intersect a seismic spectral attenuation anomaly interpreted to indicate improved reservoir development within the primary target zone. Secondary targets include the Gatton and basal Bundamba sandstones which had hydrocarbon shows in Pickabooba-1.


Bow will have 87.5% direct working interest in the well and surrounding permit as well as 100% of the conventional oil and gas interests in the adjacent tenement.

[tommy]

Still holding those freebie BOW shares, yawn...
____________
Announcement out:

http://stocknessmonster.com/news-ite...E=ASX&N=168628

6 June 2005
PICKABOOBA SOUTH - 1 WELL APPROVED FOR DRILLING

The Directors of Bow Energy Limited (Bow) are pleased to advise that all requirements for the drilling program for exploration well, Pickabooba South-1 located 38 km southwest of the northern NSW town of Casino, have been finalised and approved by the NSW Department of Primary Industries.
Bow has been advised by the drilling contractor, Mitchell Drilling, that the revised availability for the rig scheduled for the well should be the end of June, subject to weather, possible mechanical difficulties and current drilling activities.

Pickabooba South-1, to be drilled to 1,150 metres total depth, will test a four-way closed structural prospect with 35 PJ (2P) of recoverable gas potential. To minimise the risk of formation damage, the well will be drilled using air drilling techniques. The primary target is an intra Ripley Road sandstone that flowed up to 460,000 cubic feet per day of high quality methane gas from Pickabooba-1 located 4 km to the northeast. The well location has been sited deliberately off the absolute crest of the structure to intersect a seismic spectral attenuation anomaly interpreted to indicate improved reservoir development within the primary target zone. Secondary targets include the Gatton and basal Bundamba sandstones which had hydrocarbon shows in Pickabooba-1.

Bow will have 87.5% direct working interest in the well and surrounding permit as well as 100% of the conventional oil and gas interests in the adjacent tenement.
For and on behalf of the Board
Duncan Cornish
Company Secretary

[tommy]

BOW up 23% after this announcement!


________________



ASX Announcement
18 August 2005
DRILLING OPERATIONS UPDATE - OIL SHOW TO BE TESTED

The Directors of Bow Energy Limited (Bow) advise the status of drilling operations as of 6 AM
this morning:

Pickabooba South-1 (Clarence-Moreton Basin, Northern NSW, PEL
432 – Bow 87.5%)
Current depth of the well is 1,117 metres.

While drilling the basal Bundamba Sandstone, an oil show interval was encountered as follows:

1,107 – 1,117 metres (current well depth) had up to 75% blue white fluorescence with slow diffuse crush cut. Gas was 30 to 225 units against a background 1 to 2 units. Gas had up to C4 (indicator of potential liquid hydrocarbons) supporting the oil show. Sands were described as generally poor to fair porosity with several intervals of fair to good porosity.
Bow is mobilising a drill stem test crew from Roma to be on site later today. The test will likely be run at first light tomorrow.

Expected operations over the next 24 hours:
Run a drill stem test over the oil show interval between 1,107 and 1,117.

For and on behalf of the Board
Duncan Cornish
Company Secretary
For further information:
Ron Prefontaine
Managing Director
07 3303 0675 or 0439 033 351
The technical information contained herein is based on information compiled by the Company’s Managing
Director, Ron Prefontaine, who has more than 25 years experience in petroleum exploration.

[tommy]

http://stocknessmonster.com/news-ite...E=ASX&N=170126

ASX Announcement
24 August 2005

BOW FARMS OUT INTERSEST IN SURAT WELL – RETAINS 50%

The Directors of Bow Energy Limited (BOW) are pleased to advise that it has farmed out an equity in ATP 805P to Oilex NL (OEX) in return for increased funding for the Donga-3 exploration well.

OEX has agreed to farmin to acquire a further 30% interest in ATP 805P by funding an additional 60% of the drilling of the Donga-3 well. Prior to the farmin, Bow was to contribute 80% to the cost of the well.

BOW will now be required to pay 20% of the costs of the well whilst still retaining a 50% direct working interest in the well and ATP 805P following the drilling of the Donga-3 well. The well is scheduled to be drilled in September 2005 following on from the drilling of the Pinnacle West prospect in the adjoining ATP 608P Remainder Block (BOW 20%).

As previously advised, ATP 805P covers an interpreted migration pathway trend from the deeper Surat Basin through ATP 805P into the Pinnacle Prospect area on ATP 608P. Donga-3 is a 1,590 metre deep test of a four-way closed structure with Jurassic and Triassic sandstone targets. The well has been sited to intersect the primary Triassic sandstones an interpreted 25 metres updip from Donga-1 and an interpreted 13 metres updip from Donga-2, which recovered light sweet crude oil and water when drilled in 1965 and 1979 respectively. The Donga prospect has up to 3 million barrels of unrisked recoverable oil potential with two other prospects currently identified along trend, having a combined unrisked recoverable oil potential of 8 million barrels.

Following which Interests in ATP 805P will be:
Bow Energy Ltd 50.00%
Oilex NL 50.00%

For and on behalf of the Board
Duncan Cornish
Company Secretary
For further information:
Ron Prefontaine
Managing Director
07 3303 0675 or 0439 033 351

The technical information contained herein is based on information compiled by the Company’s Managing Director, Ron Prefontaine, who has more than 25 years experience in petroleum exploration.

[tommy]

BOW has increased 14% today... have they found something? I've left those freebie BOW shares and options from Arrow (AOE) in the draw and haven't been researching the stock lately (pure laziness!)

[clearasmud]

No they havn,t found any thing Tommy just ceo doing the rounds telling everybody what a wonderful story they are.

This is their story:

http://sa.iguana2.com/cache/9db88aef...BOW-176412.pdf

The sp will fall back to 15c if they find a duster in June.
Will have less than $3m cash then.
However they apparently have quality targets.

[tommy]

quote:Originally posted by clearasmud

No they havn,t found any thing Tommy just ceo doing the rounds telling everybody what a wonderful story they are.

This is their story:

http://sa.iguana2.com/cache/9db88aef...BOW-176412.pdf

The sp will fall back to 15c if they find a duster in June.
Will have less than $3m cash then.
However they apparently have quality targets.

Thanks clearasmud for the update, I was wondering whether the spike had anything to do with the merger between Arrow Energy (AOE) and CH4 (CHX)...

I was hoping for something substantial going on at BOW, but doesn't seem to be the case. Yawn. Back into the bottom of the drawer then[:X]

[JoeKing]

Looks like BOW is making waves...
is anyone following??
Cheers
JK

[tommy]

BOW up 11% on no news[:0] I have no idea what is causing the sudden surge of late! Not complaining though, good to see freebie shares and options increasing in value[:I]

[clearasmud]

Which city is the ceo in today ...?
Not much scrip doesn't help.