Bandanna Energy Terminates Formal Strategic Review Process
January 03 2012 - 6:29PM
Dow Jones News
Bandanna Energy Ltd. (BND.AU) on Wednesday said it has
terminated a formal strategic review process managed by UBS AG, but
will continue to talk informally to third parties interested in its
assets.
The coal explorer said last month that a long-running sales
process was now focused on bringing in partners to its Queensland
coal projects.
"Interest by a number of third parties, particularly in joint
venture participation in key Bowen Basin projects, will continue
via discussions outside of that formal, competitive, process," the
company said in a statement.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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