blueenergy limited is a diversified publicly-listed Australian energy company that undertakes the appraisal and development of Coal Bed Methane gas [CBM gas], Natural Gas and Conventional Oil resources within eastern Australia.
The Company's acreage consist of seven tenements across five productive basins in South Australia and Queensland. Totalling approximately 33,000sq kms, these assets are one of the largest CBM holdings in the world.
The Company continues to explore new opportunities internationally including Europe, China, Africa and Papua New Guinea.
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• blueenergy is pleased to announce that its first drilling program has confirmed the presence of the Late Permian Bandanna Formation coals in both ATP854P and ATP817P. It is from these coals that Coal Seam Gas (CSG) is produced in the nearby Santos Fairview and Origin Spring Gully fields.
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• blueenergy is pleased to announce the commencement of exploration drilling in its 100% owned ATP 817P at the Azure #1 site, located approximately 55km north west of Injune using the Mitchell Rig 101. This well is the first of a number of wells intended to assess the Coal Seam Gas (CSG) potential of ATP 817.
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• blueenergy is pleased to announce the commencement of exploration drilling in its 100% owned ATP 854P at the Cobalt #1 site, located
approximately 20km south east of Injune using the Mitchell Rig 101. This well is the first of a number of wells intended to assess the Coal Seam Gas
(CSG) potential of ATP 854P .
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