announcement just out...read

Bowen in joint ventures with Bhushan
09:49, Monday, 25 February 2008

Sydney - Monday - February 25: (RWE Australian Business News) -
Bowen Energy (ASX:BWN) has signed two joint ventures with Bhushan Steel
of India.
Bowen Energy managing director Kevin Nichol described the JVs as
a major advance for Bowen in its ambition to become a significant
Australian coal producer.
The first JV concerns EPC 1045 and, when granted, EPCA 1206.
Bowen retains a 15% free carried interest up until the
commissioning of a mine; including plant, equipment and associated
infrastructure.
The second JV concerns EPC 1001 and EPC 1002.
Bowen retains a 10% free carried interest up until the
commissioning of any mine, including plant, equipment and associated
infrastructure.
From the up to $3.2 million being raised from the recent
placements, Bowen will allocate $2.4 million towards exploration of the
JV projects.