don juan looks the goods

According to VPE, Don Juan is coming along nicely so expect announcements today from BOW.

This from VPE.

10. Analysis of eleven core holes and pilot wells in the Don Juan CSG Joint Venture located
north of the town of Roma in 2008, during the quarter has enabled operator Bow Energy to
interpret that the Don Juan CSG Project area contains an estimate 196 BCF of 3P
recoverable CSG reserves. (VPE – 45%).
11. The Don Juan CSG Project operator plans extended production testing of Carnarvon-1 in 1Q
2009 with the aim of proving an initial certifiable 3P gross recoverable CSG reserve by mid
2009. (VPE – 45%).

This is worth at least $1.00 to BOW.