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.
Blue Energy provides an update on Queensland drilling activities
Brisbane-based energy exploration company Blue Energy (ASX: BUL) has updated the market on its drilling activities in the Bowen and Galilee Basins in Queensland.
In a statement, the company announced the Monslatt 3 core well is at a depth of 546 metres and coring ahead in the primary objective Moranbah Coal Measures having set intermediate casing at 329 metres.
Chief Executive John Phillips said the well had intersected a total net coal thickness of 12 metres with initial field gas content up to 11 m3/tonne, with a proposed total depth of about 900 metres.
Meanwhile, the Lucas- Mitchell Rig 180 spudded the Stainburn Downs 1 corehole on 19 January 2010.
The well is currently at a depth of 908 metres and drilling ahead in the Triassic Rewan Formation toward an intermediate casing point of approximately 940 metres. Coring operations through the Permian Betts Creek Formation target will commence after intermediate casing has been set (expected late Sunday). Total depth for the well is expected to be approximately 1,220 metres.
Other Blue Energy articles
Other Blue Energy news
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16/03/10 Blue Energy and Korea's KOGAS ink LNG joint venture
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15/03/10 Blue Energy establishes initial resource at Monslatt Project
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11/03/10 Blue Energy to optimise drill rig movements
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25/02/10 Blue Energy board approves Monslatt Appraisal Program
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01/02/10 Blue Energy excited by high gas content in ATP814P
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15/01/10 Blue Energy provides update on drilling activities
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08/01/10 Blue Energy announces spudding of Monslatt 3 well as share price increases
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07/12/09 Blue Energy shares up as gas absorption results "exceed expectations"
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27/11/09 Blue Energy releases drilling update for Galilee Basin Well in Queensland
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18/11/09 Blue Energy continues drilling program at Galilee Basin
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