Bow Energy Limited (ASX:BOW) First Well Intersects Over 50 Metres Of Gassy Coals At Norwich Park Drilling Program

Brisbane, April 13, 2010 AEST (ABN Newswire) - Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to provide a progress report on the drilling program currently underway in the Norwich Park block (ATP 1031) located approximately 300 km north-west of Gladstone, Queensland.

Bow has completed the first core hole of an initial seven well 3P and 2P reserves delineation drilling program on the Norwich Park block located immediately south of Arrow Energy's (ASX:AOE) primary Bowen Basin project areas to be carried out over the course of calendar 2010. The primary targets are the Fort Cooper, Rangal and Moranbah Coal Measures similar to Arrow/AGL's CSG Projects.

The first well, VM-1, is a core hole test of the gas potential of the Vermont CSG Prospect located in the western part of the Norwich Park block targeting the Fort Cooper and Moranbah Coal Measures.

VM-1 has drilled to a total depth of 785 metres intersecting 52 metres of coal, comprising 27.4 metres from Fort Cooper coal measures and 24.6 metres from Moranbah coal measures.

Early gas desorption measurements indicate high gas contents. Cores bubbled gas at surface indicating good gas contents and indications of permeability. Subject to well conditions, permeability testing of these coal seams has commenced. Bow is currently revising reserve targets for the Norwich Park block.

Commenting on the result, Bows CEO Commercial Mr John De Stefani said that: "the Company was very encouraged by the initial hole at the Vermont project given the bright thick nature of a good portion of the coals and cores bubbling gas at surface. The nearby successful Arrow/AGL development and production project from these coal seams is seen as encouraging."

Summary of drilling results to date:

-----------------------------------------------------------------------Well     Spud    Total Coal    Coal        Current Status         Date    Intersected   Depths-----------------------------------------------------------------------VM-1   20/12/09   52 metres    161-760  Core drilling completed to                               metres   total depth of 785 metres.                                        Permeability testing to commence                                        over Fort Cooper and Moranbah                                        coal seams.-----------------------------------------------------------------------VM-2   Estimated   TBC          TBC     Next core hole following completion       15 April                         of permeability tests on VM-1.-----------------------------------------------------------------------

Contact

John De Stefani CEO - Commercial Bow Energy Limited Tel: +61-7-3238-6300 www.bowenergy.com.au Vic Palanyk COO - Chief Operations Officer Bow Energy Limited Tel: +61-7-3238-6300 www.bowenergy.com.au