BLUE ENERGY ORD
Blue Energy’s Oversubscribed SPP a Sign of Investor Confidence in Gas Future
Blue Energy’s (ASX: BLU) run of success with its northern Australia gas developments has helped its share purchase plan (SPP) finish heavily oversubscribed. Blue’s board elected to increase the SPP from its initial target of $250,000 after receiving significant interest from retail shareholders, and the plan eventually brought in $2.6 million. The outstanding response to the […]
Blue Energy Raising $3.2m to Drill New Sapphire Gas Well in Queensland
Blue Energy (ASX: BLU) has received firm commitments for the first stage of a $3.2 million placement to support the drilling of a new well at its Sapphire project in Queensland’s North Bowen Basin to enhance gas supplies on Australia’s east coast. The company is conducting the placement in two tranches via the issue of […]
Blue Energy Restarts Sapphire Gas Production as Petroleum Lease Discussions Continue
Blue Energy (ASX: BLU) has successfully reinstated production at its Sapphire coal seam gas (CSG) pilot program in Queensland’s Bowen Basin. The Sapphire 6V well was offline during the June quarter after experiencing mechanical issues, including a down-hole pump blockage and a surface pump unit oil cooling fan failure, causing a halt in gas production. […]
Blue Energy Targets New Licences as East Coast Gas Supply Crisis Looms
Blue Energy (ASX: BLU) is preparing to appraise two newly granted potential commercial area (PCA) gas licences as it ramps up efforts to supply the energy-hungry east coast market. Earlier this month the company was awarded PCAs 336 and 337 and had its ATP 814 exploration permit renewed for a further term, with each an […]