Bandanna Energy Limited (ASX:BND) Receive Government Decision For Springsure Creek And Arcturus Projects
Brisbane, Mar 24, 2011 AEST (ABN Newswire) - Bandanna Energy Limited (ASX:BND) is pleased to announce that it has been notified of the Federal Government's decisions under the Environment Protection and Biodiversity Conservation Act (Cth) 1999. (EPBC Act) in respect of the Springsure Creek and Arcturus projects.
The decision, that the construction and operation of the two projects are actions controlled by the EPBC Act and will require assessment and approval through the Environmental Impact Statement process, is consistent with Bandanna's request to the Federal Government announced in December 2010.
As previously announced, Bandanna has already commenced requisite flora, fauna, water and other environmental studies. The results of these investigations will be incorporated into the exhaustive EIS process.
Bandanna Energy's Managing Director, Dr Ray Shaw, said "the decisions, which are in line with our referrals to the Federal Government, allow each project to move forward with the Federal and State Government approval process. A single EIS that conforms to the requirements of the Federal and State Government will be prepared by Bandanna Energy for each project.
Dr Shaw further confirmed "the confirmation of the environmental impact processes is a key step in allowing Bandanna to move efficiently from explorer to producer, and further underpins the company's 4Mtpa allocation at the Wiggins Island Coal Export Terminal at Gladstone. The EIS will be a thorough and rigorous process undertaken in accordance with the relevant environmental legislation."
Contact
Dr Ray Shaw
Tel: +61-7-3041-4400
Andrew Crook
Mob: +61-419-788-431
http://www.bandannaenergy.com.au
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