Bow Energy Limited (ASX:BOW, "Bow") wishes to clarify certain
media articles published today regarding the proposed Bow /
Arrow Energy Holdings Pty Ltd ("Arrow") scheme of
arrangement
("Scheme").
Bow is aware that the Foreign Investment Review Board
("FIRB") has extended the period for making a final
determination on Arrow's application to FIRB by a period of
up to 90 days in accordance with FIRB's statutory
procedures.
Bow understands that time for FIRB to review Arrow's
application has been extended because of the need for the
Australian Competition and Consumer Commission (ACCC) to
complete its market inquiries relating to the Scheme.
Importantly, the extension does not mean that the decision
has been delayed for 90 days (as the extension is a maximum
period which can end earlier), or indicate that a final
decision is likely to be adverse.
Bow is proceeding on the basis that the decision will be
handed down within the Scheme's
implementation timetable as previously announced. For and on
behalf of the Board
Duncan Cornish
Company Secretary
Bow Energy Ltd
Shareholder Information Line Toll Free Australia - 1800 623
855 or
International +61 2 8256 3375
Bow Energy Limited