Bandanna Energy Limited

Bandanna Energy Limited (ASX:BND) notes the announcement by the Prime Minister of a proposed carbon tax on emissions of greenhouse gases. Bandanna has undertaken a preliminary assessment of the likely effect of the carbon tax on its projects. At this stage the analysis has only considered the tax effect on fugitive emissions of methane from Bandanna's projects, as this is expected to be the largest single source of Bandanna's greenhouse gas emissions.

Bandanna Energy Limited (ASX:BND) is pleased to announce that it has acquired additional priority capacity rights which will underpin its current application for an allocation in Wiggins Island Coal Export Terminal Stage 2.

Bandanna Energy Limited (ASX:BND) provides an update on its South Galilee Project: AMCI exercises it right to earn 50% interest; South Galilee JV applies for Mining Lease.

Bandanna Energy Limited (ASX:BND) welcomes the recent announcement by the Honourable Kate Jones, Minister for Environment and Resource Management, concerning the eligibility milestones for Strategic Cropping Land Transitional Arrangements.

Bandanna Energy Limited (ASX:BND) is pleased to advise that it has received its Final Terms of Reference for the Arcturus and Springsure Creek Coal Mine Project's environmental impact statements. These were finalised in accordance with section 46 of the Environmental Protection Act 1994 (EP Act).

As previously announced, Bandanna Energy Limited (ASX:BND) is undertaking a transaction process to address the outcomes of the strategic review conducted earlier in the year.

As previously announced, Bandanna Energy Limited (ASX:BND) is undertaking a transaction process to address the outcomes of the strategic review conducted earlier in the year. Non-binding indicative bids were due for submission by close of business on 4th May 2011.

Australian coal explorer Bandanna Energy Limited (ASX:BND) is pleased to announce it has received Final Environmental Impact Statement Guidelines from the Commonwealth Government for its Arcturus and Springsure Creek projects located in Queensland's Bowen Basin.

Bandanna Energy Limited (ASX:BND) is pleased to advise that it has received the prefeasibility study for the South Galilee Coal Project from the project manager, AMCI. The PFS was compiled by mining and construction consultant Aurecon Hatch with contributions from over 20 additional specialist consultants with expertise in specific technical, legal and infrastructure fields.

Bandanna Energy Limited (ASX:BND) has completed a Strategic Review Process to complete the development of its key assets.