Blue Energy sees bright future
Coalbed methane player Blue Energy said it press ahead with exploration
drilling on its ATP 817P licence in Queensland after striking almost five
metres of coal pay in its Azure-1 core hole.
Blue Energy said it had started work on the Azure-2 and Azure-6 coring holes
to establish the size and potential of the resource.
The drilling is targeting Permian Bandanna coal in the Bowen basin, about 55
kilometres north-west of the town of Injune, Queensland.
Blue Energy holds a 100% interest in ATP 817P.
09 May 2008 00:47 GMT
| last updated:
09 May 2008 00:48 GMT
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