Another speculative coal explorer I like the look of at the...

Another speculative coal explorer I like the look of at the moment is Bowen energy.

Estimated: cap: 10, Cash: 5, options 57@20.

I has been a huge woofer of late, but there is a possibility that it will find a bottom around 17c.

The top20 hold 55% with few nominee accounts, which is not too bad.

I cant figure out what their expl targets are, as I cant find any market releases that provide clues.

But they have a number of leases in prospective areas:

East Middlemount:- EPC1014. EPC1085.
Reduce to 40% EPC930. Coking Coal expl.

West Rolleston:- EPC1001. EPC1002. EPC1084. EPCA1187. shallow cut coal expl.

Tarong: EPCA1083 thermal coal expl.

Cape river: EPCA1120 thermal coal expl.

Acq EPC1045 for $1mm: coking coal expl.

Also some U projects, unfortunately in QLD:

Glen Isla: EPM14910 IOCG / U expl.
Pinnacle project ?.
Archie creek project: U/Fl expl.
Croydon: U expl SE Croydon.
Bullseye creek: U expl.
Blackbraes: U expl.

A disadvantage is that they are located on the east coast with all the associated infrastructure issues.

Please do your own research, as mine might contain errors.

PS - If Bowen management read this - can we have more info on your exploration targets please?