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bandanna energy ltd (BANAF) Details

Bandanna Energy Limited is engaged in the exploration, project evaluation, and development of thermal and pulverized coal injection coal assets located in Queensland, Australia. The company’s principal coal projects include the South Galilee located in the Eastern Galilee Basin; the Springsure Creek located in the Bowen Basin, Emerald; and the Dingo West project located in the west of the township of Dingo. It also holds 100% interests in 5 oil shale tenements and 2 mineral tenements for bentonite exploration in Queensland. Bandanna Energy Limited is based in Brisbane, Australia.

26 Employees
Last Reported Date: 08/29/13

bandanna energy ltd (BANAF) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
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Compensation as of Fiscal Year 2014.

bandanna energy ltd (BANAF) Key Developments

Bandanna Energy Limited Announces Resignation of Terrence Mortimer O'Reilly and Gordon Robert Shackleton Saul as Directors

Bandanna Energy Limited announced the resignations of Mr. Terrence Mortimer O'Reilly and Mr. Gordon Robert Shackleton Saul as Directors of the company and its subsidiaries, effective 6 February 2015.

Bandanna Energy Limited Announces Resignation of Mr. Robert Karlo Johansen as Director

Bandanna Energy Limited announced resignation of Mr. Robert Karlo Johansen as a Director of the company and its subsidiaries, effective January 23, 2015.

Bandanna Energy Initials Talks For WICET Future

Bandanna Energy Limited has started talks regarding the future of $2.6 billion Wiggins Island Coal Export Terminal (WICET). Dataroom had reported in January 2015 that Bandanna Energy’s financier Credit Suisse has secured creditor over Springsure Creek and is said to be keen for a sale sooner rather than later, despite a mooted restructure. The company is determining valuations for its assets and Springsure is the most likely to be sold. Investment banks have been approached by PPB to find a solution for Bandanna, yet exactly what that could be remains -unclear. A sale of WICET had been mooted, however discussions have been centered on the potential sale of debt on WICET by senior lenders, with banks such as Merrill Lynch said to have been previously -circling. Problems for the terminal may loom, with adviser Grant Samuel working on options for WICET.

 

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TEV/Sales 1,567.6x
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