The Directors are focussed on maximising the Company’s exploration potential and realising opportunities to value-add the projects up to feasibility stage and then potentially participating in producing mines.

Rapid industrialisation and economic growth, particularly in China, India and Eastern Europe, has created an unprecedented global demand for coal and other mineral commodities. This demand occurs against a background of falling mine production and depleting reserves and reduced expenditure on exploration. This combination of booming demand and inadequate supply has resulted in record prices for coking and thermal coal.

Bowen Energy has the potential to bring substantial new coal deposits into production to satisfy the growing energy demands of customers in the global steel production industry and power supply industry. Bowen has acquired some 2,400 sq kilometres of prime exploration ground in the heart of the Bowen Basin, Queensland's major coal producing region, close to major coal mines operated by BHP, Rio Tinto, Xstrata and AngloCoal.

Bowen will take advantage of the (just announced 06.03.08) upgrading of regional coal transport and shipping infrastructure plans currently being developed by the Queensland Government. The Queensland Government has now committed to spend $7.2 billion on new infrastructure projects that will support the Bowen Basin coal industry. A further $3.1 billion is planned on upgrade and expansion as well as additional rolling stock.

In addition to its coal exploration assets, Bowen is developing a portfolio of mineral exploration projects and has signed joint venture agreements with major customers, both in Australia and throughout the Asia-Pacific region, to further enhance shareholder value and maximise the opportunities to profit from its exploration and commercial expertise.