Bandanna Secures Australian Port Allocation

Bandanna Energy Ltd. announced its inclusion in Stage 1 of the proposed Wiggins Island Coal Export Terminal (WICET) development at Gladstone in Central Queensland. This will give Bandanna access to a 4 million metric ton per year (mtpy) port allocation from early 2014. Eight coal producers have committed to a total 27 million mtpy capacity allocation for Stage 1 of the WICET development, an industry funded development which will ultimately see an expansion of the Gladstone port facility by at least 70 million mtpy.