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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: 12-08-201006-08-201022-07-2010

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Thursday September 09, 04:08Amphion’s Unique Approach to Innovation

Investors in Amphion should should keep an eye on further developments at Kromek. The business could be floated during Q1 2011, at which point Amphion’s 16% stake should be worth far more than the last valuation of £9m.

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Thursday September 09, 04:51Enbridge invests up to $24m in U.S. Geothermal's Neal Hot Springs project in Oregon

"This investment is our initial entry into geothermal energy, which we think has an important role to play in North America's shift toward a greener energy production mix," said Enbridge president and CEO Patrick D. Daniel.

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Wednesday September 08, 05:12MetroCoal re-affirms Columboola coal Resource yet to be completed

Emerging coal-focused energy company MetroCoal (ASX: MTE) has clarified that it has not completed any resource estimate or report on its Columboola Project area in Queensland's Surat Basin.

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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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Tuesday, March 16, 2010

Blue Energy and Korea's KOGAS ink LNG joint venture

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Brisbane-based energy company Blue Energy (ASX: BUL) has inked a joint venture with Korea Gas Corporation (KOGAS) to investigate the feasibility of developing small scale Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) projects within Eastern Australia.

KOGAS, a partner and shareholder in Blue Energy, has grown to become the world's largest single LNG importer. It is listed on the Korean Stock Exchange (KSE) with 2008 total revenue of A$24billion.

It has an option to farm into the company’s Galilee Basin (ATP813P) and northern Bowen Basin (ATP814P) permits.

With the current deal, Blue Energy and KOGAS will identify opportunities to develop and operate micro LNG and CNG facilities as a clean, environmentally friendly alternative to existing fuels such as diesel, petrol and LPG.

“The signing of the MOU with KOGAS is a significant achievement for Blue Energy. It is confirmation of the confidence in the company’s strategic direction, the quality of our assets and the expertise of our people,” Blue Energy chairman, Peter Cockcroft, said today.

Both companies share a vision for a “green highway” where environmentally friendly natural gas powered vehicles, both cars and trucks, can travel not hindered by fuel availability constraints up and down the east coast of Australia.

Korea has successfully built an increasing natural gas vehicle sector, currently with over 20,000 buses and trucks using natural gas as a fuel, either in the form of LNG or CNG.

There are obvious environmental advantages to these fuels, and KOGAS aims to utilise its experience and knowledge in this sector to assist Australia to utilise its vast onshore natural gas resources, particularly in Eastern Australia.

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