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Market: ASX
Sector: Energy
EPIC: BUL
Latest Price: A$0.06  (3.23% Ascending)
52-week High: A$0.12
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Market Cap: A$72.91M
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Blue Energy Limited
www.blueenergy.com.au

Blue Energy is a rapidly evolving energy exploration company strategically positioned with abundant coal seam gas (CSG) assets throughout Queensland to meet the rising demand for cleaner power. Blue Energy has a vision to be Australia’s leading mid-sized coal seam gas exploration and production company with gas reserves in excess of 1 trillion cubic feet of gas within five year.

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Blue Energy completes air drilling at Monslatt with Titeline Energy

17th Sep 2010, 9:37 am

Queensland based coal seam gas company Blue Energy (ASX:BUL) announced that it has completed underbalanced air drilling operations on the Monslatt 6P and 7 wells with Titeline Energy Pty Ltd Rig 2.

Blue has also contracted the Dominion Drilling Rig 2 to drill the Monslatt 8H lateral well, which has a surface location approximately 700 metres to the south east of the Monslatt 7 well.

The Monslatt 8H well is designed to intersect the P Seam at a depth of 500 metres, then remain in seam and intersect the Monslatt 7 well bore, which will then be completed as a pilot production test well.

Operations on the Monslatt 8H well are expected to commence this weekend, and it is expected to take 3 weeks to drill the lateral and intersect the Monslatt 7 well bore.

Blue has previously announced the Monslatt 6P well flowed gas to the surface at the modest rate of 15,000 standard cubic feet per day from the P Seam, and the P Seam at Monlslatt 7 flowed gas to surface at 7,000 standard cubic feet per day, on a short term flow test.

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