ENTERPRISE ENERGY LIMITED
Update on Acquisition of Bandana Coal & Future Prospects
EPE - Further Update on details of Bandanna Coal Projects - Dr Ray Shaw, Executive Chairman
Tue, 2 Sep 2008 01:30PM
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Tue, 2 Sep 2008
01:30PM Australia/NSW
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ENTERPRISE ENERGY LIMITED (EPE)
ASX code: EPE
Website: http://www.enterpriseenergy.com.au
Industry: Energy
Principal Activities:
Oil and gas exploration.
Address:
32 Martin Place, Level 11
SYDNEY
NSW
Phone: (02) 9221 0444
Fax: (02) 9221 5935
Executives & Directors
Mr Raymond Douglas Shaw , Executive Chairman
Mr David Lindh , Non Exec. Director
Mr Stanley Mark Elliott , Non Exec. Director
Mr Norman Joseph Zillman , Non Exec. Director
Mr David D H Graham , Independent Director, Non Exec. Director
Mr Richard Hill , Company Secretary
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Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
ENTERPRISE ENERGY LIMITED (EPE) Events
| Company (Stock Code) | Date/Time | Event | Timezone: Australia/NSW |
|---|---|---|---|
|
Tue, 2 Sep 2008 01:30PM |
EPE - Further Update on details of Bandanna Coal Projects - Dr Ray Shaw, Executive Chairman |
   |
|
|
Mon, 2 Jun 2008 12:30PM |
EPE - Details of Dingo West Farmin with Macarthur Coal - Dr Ray Shaw, Executive Chairman |
|
|
|
Fri, 9 May 2008 12:30PM |
EPE - Proposed acquisition of Bandanna Coal - Dr Ray Shaw, Executive Chairman |
|
|
|
Mon, 17 Dec 2007 03:00PM |
EPE - Queensland Coal Venture - Dr Ray Shaw, Chairman |
|
| Fri, 14 Mar 2008 | Interim Results | ||
| Thu, 29 Nov 2007 01:00PM |
Annual General Meeting Level 10, 25 Grenfell Street Adelaide SA 5000
|
||
| Fri, 16 Mar 2007 | Interim Results | ||
| Tue, 28 Nov 2006 03:30PM |
Annual General Meeting Level 16, 1 King William Street Adelaide SA
|
||
| Fri, 29 Sep 2006 | Full Year Results | ||
| Thu, 9 Mar 2006 | Interim Results | ||
| Tue, 29 Nov 2005 12:00PM 11:30AM Australia/South |
Annual General Meeting Level 16, 1 King William St, Adelaide, SA
|
||
ENTERPRISE ENERGY LIMITED (EPE)
| EPE Notice to Shareholders | Fri, 19 Sep 2008 |
| Covering letter for Prospectus | Thu, 18 Sep 2008 |
| EPE Prospectus | Thu, 18 Sep 2008 |
| Results of Meeting 15 September 2008 | Mon, 15 Sep 2008 |
| Suspension from Official Quotation | Mon, 15 Sep 2008 |
| EPE Financial Report 2008 | Mon, 15 Sep 2008 |
| Request for Trading Halt | Mon, 15 Sep 2008 |
| Trading Halt | Mon, 15 Sep 2008 |
| AMCI Joint Venture Agreement Revised | Wed, 10 Sep 2008 |
| EPE signs Share Sale Agreement with Bandanna Coal | Thu, 4 Sep 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH RAYMOND SHAW, EXECUTIVE CHAIRMAN OF ENTERPRISE ENERGY (EPE)
“Update on Acquisition of Bandana Coal and Future Prospects”
http://www.brr.com.au/event/50841
TUESDAY, SEPTEMBER 2, 2008, 1:30 PM.
BRR Good morning and welcome to Boardroomradio. Today, we are talking to Raymond Shaw, Executive Chairman of Enterprise Energy. Good morning
10 Ray, thanks for taking the time to talk with me.
EPE Good morning Tom, thank you.
BRR Ray, you are meeting of shareholders on the 15th of September to approve the acquisition of Bandanna Coal. Can you update us from this purchase?
15 EPE Yes Tom. Look, we have sent out an explanatory statement and noticed a general meeting to all shareholders and they should have received that by now. As you mentioned, we are having a general meeting of shareholders at 11 a.m. on the 15th of September at a hotel in Adelaide to put the shareholders their resolutions for the approval of a proposed transaction,
20 which will entail the acquisition of all the issued share capital of Bandanna Coal Proprietary Limited. As you may recall back in May, we issued an ASX release where we indicated that enterprise that ended into a heads of agreement to that stage for the purchase of the issued capital of Bandanna through the issue of shares and with that of course, the purpose being that
25 Bandanna have a very extensive coal exploration permit interest in both the Bowen and Galilee basins in Queensland. The explanatory statement that we sent the shareholders included independent experts’ reports, which are being prepared by DMR Corporate and that reported on that transaction as being a fair and reasonable one to enterprise his non-associated shareholders. In
30 turn, DMR Corporate had commissioned a group, Anderson & Schwab. They have prepared an evaluation report on the mineral assets to both the Enterprise and Bandanna and of course that has all been favourably accepted by our board and each of our independent directors would of course be recommending the acceptance of those resolutions.
35
BRR Ray, we have heard some good news about the coal quality at Springsure. Can you give us some more details on this?
EPE Yes, just to put it into context, Springsure Creek, which at EPC 891 is one of the several exploration permits, which are held by subsidiaries of Bandanna
40 Coal and obviously, once we have shareholder approval and have acquired the interest in Bandanna Coal, we will acquire the interest of whole Springsure Creek. Previously, it had been announced to the market that there was some 171 million tons of bituminous coal has inferred resource in79.6 million tons of indicated resource and this permit had been the focus of recent
45 drilling including a number of traverses and the results that were announced yesterday relate to the coal quality results from one of the boreholes located in the central traverse and it is provided if you like something of a missing link between the results to the northern to the south and what we are looking at is basically an exploration target of the order of some 400 to 513 million tons in this area and the results of that coal quality and I was showed yesterday have indicated that we got very, very good low ash content, low sulphur, and the quality will provide an excellent low thermal coal product, which will give us an obvious competitive advantage so the results today are looking very
5 encouraging and of course that Springsure Creek will be one of the key areas that we are focusing on our future activity.
BRR And finally Ray, is there anything else you would like to talk with shareholders about today?
10 EPE Look, I guess Tom, the obvious thing is to say that with this proposed transaction coming up, we are extremely excited about the company’s future. Clearly, this would represent a major change in the fortunes of the company and if approved by shareholders, we will become a new mid-year coal company with midterm production capacities through the Dingo West farmin
15 with Macarthur coal and it will provide us also with interest in a diversified energy sector with their existing oil and gas interest etc., and it will enable enterprise to take much greater advantage of new opportunities on market conditions as (inaudible) (0:03:57).
20 BRR That was the Raymond Shaw, Executive Chairman at Enterprise Energy. Remember. If you have any questions for Ray or you would like more information about this broadcast, please e-mail, and brr@brr.com.au. I am Tom McKay, thanks for listening to Boardroomradio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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