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03 Sept 2008

APAC COAL DEVELOPMENT PROGRAM: Following Successful completion of company's IPO and listing on ASX on 10th july 2008 APAC Coal Limited (ASX: AAL) is now advancing its development program at the company's core coal asset; the BT Batubara Selarus Sapta Concession, Central East Kalimantan, Indonesia.

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10 July 2008

Coal exploration company, APAC Coal Limited (ASX: AAL), will list today on the ASX. The Initial Public Offering (IPO) closed last week having reached the minimum subscription level of A$7 million. A total of 35,727,000 ordinary shares have been issued at 20 cents to new shareholders taking the total number of issued shares to 249,705,637. APAC Coal's major shareholder is Magnus Energy Group Ltd., a Singapore-listed conglomerate with interests in oil, gas and coal.

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ASX Code AAL

Click here to retrieve share price delayed by 20 minutes, sourced from the Australian Stock Exchange.


Project



Tenure

The exploration tenement is currently held by PT Batubara Selaras Sapta (BSS). The corner co-ordinates of the tenement are:

 Corner co-ordinates of PT Batubara Selaras Sapta tenement
    East South
  Point   Headline MinutesSeconds   Degrees MinutesSeconds
1 116 1 0 1 50 14
2 116 1 0 1 59 0
3 115 57 24 1 59 0
4 115 57 24 2 5 0
5 115 49 0 2 5 0
6 115 49 0 2 17 0
7 115 57 30 2 17 0
8 115 57 30 2 6 0
9 115 59 0 2 6 0
10 115 59 0 2 0 0
11 116 8 22 2 0 0
12 116 8 22 1 47 0
13 116 2 56 1 47 0
14 116 2 56 1 50 14