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 board approves Monslatt Appraisal Program
Brisbane-based Blue Energy (ASX: BUL) has approved expenditure to undertake an accelerated appraisal drilling program in the Monslatt area of ATP814P.
The appraisal program will consist of up to 15 stratigraphic and core wells together with several pilot production wells.
This additional activity will be used to compliment the resource assessment process currently underway with Netherland, Sewell and Associates in Dallas.
The prioritisation of the Monslatt area comes after the very encouraging results obtained from the drilling of the Monslatt 1,1A, 2 and 3 wells in December 2009 and January 2010. These wells identified the existence of good quality multiple thick coal seams in the Moranbah Coal Measure sequence which exhibited gas contents up to 23m3/tonne and high methane content.
In addition, the wells recorded high gas content shales (up to 10m3/tonne) from within the Moranbah Coal Measures.
To aid execution of this additional program, Depco rig D29 has been contracted to undertake some of this drilling activity in conjunction with Boart Longyear Rig 7 and Lucas-Mitchell Rig 180. Due to the flooding in and around Nebo/Moranbah this program is not expected to commence until early March 2010
ATP 814P Bowen Basin (BUL 100%):
Other Blue Energy articles
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06/08/10 Blue Energy reports significant gas Resource upgrade at Monslatt Area
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28/04/10 Blue Energy is cashed-up for busy CSG drill program
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09/12/09 Blue Energy gains momentum with Kanaka 1 Well results
Other Blue Energy news
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27/08/10 Blue Energy reports free flowing gas from Monslatt 6 well
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12/08/10 Blue Energy director tops-up shareholding
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22/07/10 Blue Energy encouraged by coal intersections at Sapphire 3 CSG well
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07/07/10 Blue Energy extends KOGAS farmin option at Galilee Basin
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29/06/10 Blue Energy progresses CSG wells at Bowen Basin
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28/06/10 Blue Energy appoints John Phillips as Managing Director
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23/06/10 Blue Energy director tops-up shareholding
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17/06/10 Blue Energy updates coal seam gas exploration in Queensland
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03/06/10 Blue Energy provides update on coal seam gas exploration
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13/05/10 Blue Energy confirms Coal Seam Gas targets at Bowen Basin
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