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 defers completion of Monslatt pilot wells due to Queensland rain
Wednesday, December 08, 2010
Coal seam gas company Blue Energy (ASX: BUL) has deferred completion activities at the Monslatt pilot production wells due to heavy rainfall in the central Queensland area.
Access to the Monslatt 4, 5P, 6P, 7 and 8H well sites has been restricted due to flooded creek crossings and general poor road conditions.
In a statement the company said "the completion rig has been on location at Monslatt 7, and resumed operations this morning."
Also, equipment for the radial drilling program has been mobilized, but this work is subject to weather delays which impact the overall program.
The Monslatt Block is located within Blue Energy's fully owned ATP814P Bowen Basin project located in Queensland. No damage or loss has resulted from the flooding in the Monslatt area.
On November 10 Blue Energy 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.
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