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Additional information
Additional Information
Market: ASX
Sector: Oil and Gas Exploration and Production
Epic: .BUL
News: Latest news
Web Site: Blue Energy
Other Articles: 15-03-201011-03-201025-02-2010

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Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Wednesday March 17, 03:46Access Pharmaceuticals’ Cobalamin oral platform could offer new way to administer insulin

This morning, Access Pharma reported that two independent animal studies confirmed earlier findings that Cobalamin offers significant bioavailability of orally delivered insulin

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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.

CLICK HERE FOR FULL ANALYSIS OF BLUE ENERGY
Friday, January 08, 2010

Blue Energy announces spudding of Monslatt 3 well as share price increases

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Shares in Brisbane-based Blue Energy (ASX: BUL) reacted well to news of the spudding of Monslatt 3 area within ATP814P in the Bowen Basin, Queensland.

Monslatt 3, which spudded on January 6 2010, is the fourth well in the drilling program within the Monslatt area.

During the morning trade, shares in Blue Energy increased 1.5c to 25c.

The previous wells have intersected up to 37m of gas bearing coals and carbonaceous shales and have demonstrated world class gas content of up to 22m3/tonne.

With the identification of gas bearing carbonaceous shales in the Monslatt 1A well drilled in December 2009, which have desorbed up to 10m3/tonne, particular focus will be placed on identifying the extent of these shales in the Monslatt 3 well.

Monslatt 3 is located 1.5km from Monslatt 1A and has been positioned to allow a production pilot well to be located in between the Monslatt 1A and 3 wells.

Planning for the production pilot well is under way with lease preparation having been completed.

In the Galilee Basin, the Kanaka 1 well was completed prior to the Christmas and New Year break.

At present, the rig has been isolated by the recent rain in the area and planning is underway to shift the rig to the next location.

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