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Additional Information
Market: ASX
Sector: Oil and Gas Exploration and Production
Epic: .BUL
News: Latest news
Web Site: Blue Energy
Other Articles: 22-01-201015-01-201008-01-2010

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Tuesday February 09, 11:07Randgold Resources remains focused on 1 million ounce production target

Speaking to assembled analysts in London, Randgold Resources CEO, Mark Bristow, told of a ‘great year' for his company, albeit also a challenging one, but one which would position it well for the years ahead

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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Blue Energy

Blue Energy

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 years.

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Friday, November 27, 2009

Blue Energy releases drilling update for Galilee Basin Well in Queensland

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Blue Energy (ASX: BUL) has released an update on the latest drilling program at the company's Galilee Basin Well in Central Queensland.

The energy exploration company advised the Kanaka 1 CSG corehole in the Galilee Basin permit (ATP813P) is currently at a depth of 944 metres and coring ahead in Triassic Rewan Formation.

Intermediate casing has been run and set at 830 metres and has isolated the Jurassic aquifer section.

It is expected that the well will intersect the primary objective Permian Betts Creek Beds within the next few days.

Kanaka 1 is the first in a 10 well corehole program to be conducted by Blue Energy in ATP813P to investigate the Coal Seam Gas (CSG) potential of the Permian aged Betts Creek Beds and Aramac Coal Measures.

The well is located approximately 30 km northwest of the township of Aramac in Central Queensland, while AGL’s Glenaris pilot CSG project is located approximately 60 km to the southwest.

The Monslatt 1A CSG core hole in ATP814P located approximately 100 metres to the northwest of the Monslatt 1 stratigraphic well  is currently at a depth of 511 metres and preparing to isolate a reactive coal zone by setting a cement plug before coring ahead.
 
The reactive zone was cored and contained a 6 metre coal seam which has, to date, yielded up to 18.4 m3/tonne of gas (raw) with a preliminary composition of 95% methane. This result is from the first 3 days of desorption testing.

Earlier, two Drill Stem Tests (DST’s) were conducted on separate coal zones with DST 2 (over the interval 389 metres to 402 metres) producing gas to surface.

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