Announcement posted this afternoon after the close.Prospectus...

Announcement posted this afternoon after the close.

Prospectus lodged for fully underwritten $10m capital raising
Enterprise Energy NL (ASX:EPEDA) has lodged a prospectus with ASIC for an issue of new
shares to raise $10 million. ABN Amro Morgans has fully underwritten the share offer of 12.5
million new shares at 80 cents per share.
Shareholders and other investors are invited to apply for the new shares by downloading the
prospectus from www.enterpriseenergy.com.au or www.abnamromorgans.com.au. The offer will
close on 26 September 2008.
The share issue follows shareholder approval of the proposed $241 million acquisition of
Bandanna, which will transform Enterprise into a coal exploration company with short term
production potential. It also follows the issue of some 3 billion shares to vendors of Bandanna
and a subsequent 1-for-10 consolidation of the company’s shares. On a pre-consolidation basis,
the offer equates to 8 cents a share.
The company’s shares, now suspended from trading until the transaction is completed, are expected to
relist on or about 3 October 2008, when the company will be known as Bandanna Energy Limited and the
ASX code BND.
Executive Chairman of Enterprise Energy, Dr Ray Shaw, said the capital raising would fund further
exploration focusing on of the company’s Springsure Creek area in Queensland’s Bowen Basin, which has
potential for good quality raw thermal coal.
“The fact that ABN AMRO Morgans has fully underwritten the capital raising – particularly during the
international turmoil affecting international markets this week – is a highly reassuring recognition of the
quality of the Bandanna assets and their potential.
Two projects in the Bowen Basin are fully funded by Bandanna’s farminees and Springsure Creek, 100%
owned, is our third cornerstone project. Active drilling programs are underway in all three,” Dr Shaw said.
Macarthur Coal Limited (ASX: MCC) is earning up to a 70% interest in the Dingo West Project by carrying
Bandanna through exploration and initial mine development. Bandanna will retain 30% interest and its
marketing rights.
International coal company AMCI, is funding up to $25 million of exploration to earn up to a 50% in the
Alpha Project area, located immediately to the south
of Waratah Coal Inc’s tenements in the Galilee Basin.
Contact: For further information please phone Dr Ray Shaw on 02 9923 1520.