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Market: ASX
Sector: Energy
EPIC: BUL
Latest Price: A$0.06  (3.23% Ascending)
52-week High: A$0.12
52-week Low: A$0.06
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.

Full Blue Energy Limited profile here
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Blue Energy drilling to test coal seam gas target at Monslatt 8H

28th Oct 2010, 10:10 am

Brisbane-based coal seam gas company Blue Energy (ASX:BUL) has updated drilling activities at the Monslatt Block within its fully owned ATP814P Bowen Basin project located in Queensland.

At Monslatt 8H the Dominion drilling rig 2 has drilled the vertical scouting well and acquired wireline logs to confirm the presence of the primary Moranbah Coal Measures P Seam target.

Operations were conducted to drill a lateral well from the same surface location and the well has been successfully deviated up to a maximum angle of 85 degrees.

Hole instability issues within the P Seam have been encountered and a sidetrack hole is being drilled around a portion of drill pipe left down hole at approximately 942 metres measured depth.

As of 6am this morning, the drill crew were running drill pipe in the hole prior to drilling ahead in the sidetrack hole. The surface location of this well is approximately 600 metres to the south east of the Monslatt 7 well.

In parallel to these operations, preparations are being finalised to undertake a radial drilling program in the existing Monslatt 4 and 6P vertical pilot wells prior to their completion as pilot producing wells.

This technology will deliver multiple small diameter inseam laterals which are intended to access several of the already identified gas bearing seams encountered in these existing pilot wells (including the P Seam).

This technique is being trialled to establish a cost effective method which accesses and drains multiple seams in a single vertical well without the need for more expensive conventional inseam drilling.

Blue Energy expects that operations on the radial drilling program will commence in mid November.

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