this is why not to sell them

Really, sometimes you stumble on a real winner... as I have said for a while BOW is the Real Deal.

One thing BOW does know what to do is put its energies into the area thats going to give US as shareholders more bangs for our bucks.

Blackwater is just that

Following the initial reserves certified over the Comet block in early April 2009, Bow commenced a
drilling and testing campaign focussing on the Blackwater CSG Field. Bow has progressed with the first
five wells of the sixteen well exploration drilling program in the Comet and Norwich Park Blocks in the
Bowen Basin. Initial drilling results have confirmed an average total thickness of 23 metres of gassy
coal seams across the Blackwater CSG Field along with early positive signs of permeability and high gas
contents (up to 17m3/tonne Dry Ash Free) over the Rangal and Burngrove Coal Measures. These
results suggest that the Blackwater CSG Field may be a significant gas field which Bow believes has the
potential to deliver all of Bow’s 2009 CSG reserves target forecasts of 750 PJ of 3P and 100 PJ of 2P and
further reserve upgrades in 2010.