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Additional Information

Market:	ASX
Sector:	Oil and Gas Exploration and Production
EPIC:	BUL
Latest Price:	0.07 (0.00%)
52-week High:	0.12
52-week Low:	0.06
Market Cap:	79.75M

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Blue Energy

Blue Energy (ASX: BUL) holds eight operated coal seam gas petroleum permits in the Bowen, Galilee and Surat basins in Queensland. It is also awaiting final award of four conventional permits within the Queensland portion of the Eromanga Basin.

Blue Energy successfully completes drilling of Monslatt 8H lateral well

Wednesday, November 10, 2010

Queensland based coal seam gas company Blue Energy (ASX: BUL) has successfully completed the drilling phase of the Monslatt 8H lateral well, which reached a total depth of 1,179 metres measured depth and intersected the Monslatt 7 vertical well.

The Monslatt 7 vertical well will be used as the production bore for the lateral well.

Monslatt 8H also intersected a total of 340 metres of gas saturated net coal in the P Seam.

The next step for Blue Energy will be when a workover rig arrives later next week, which will focus on a radial drilling program at Monslatt.

The primary target for radial drilling is the Monslatt 6P well. Other rig work planned for this phase includes completions for pilot production on Monslatt 4, 5P, 6P and 7 wells.

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