Bow Appoints New CFO

Bow has appointed Mr. Peter Harbison to the position of Chief Financial Officer.

Mr. Harbison joins Bow with past senior financial management positions with Arrow Energy and Macquarie Group Ltd. Mr. Harbison was engaged by Arrow Energy in January 2009, implementing the financial strategy to meet Arrow's short to medium term capital funding
requirements, from upstream coal seam gas field development through to downstream LNG facility. Prior to that, Mr. Harbison was CFO for Broadcast Australia and Arqiva, both part of the Macquarie Communications Infrastructure Group.

Commenting on Mr. Harbison's appointment, Bow's CEO, John De Stefani said, "Peter's vast financial experience, particularly through the upstream and downstream value chains of coal seam gas, will add significant strength to Bow's capabilities."

Mr. Harbison is a chartered accountant with 19 years of business experience with a Bachelor of Commerce from University of Queensland. Mr. Harbison is a member of the Institute of Chartered Accountants of Australia and Securities Institute of Australia.