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7.14% 5.2¢ blue energy limited

announcement re atp 813p

  1. maddog819
    86 Posts.
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    21/10/08
    10:09
    Post #: 4410550
    Blue Energy Limited (ASX: BUL) is pleased to announce the completion of the Carolina
    #1 Core well where 21 metres (gross) of gaseous coals were intercepted, in the 100%
    owned ATP 813P located within the Galilee basin in central western Queensland.
    Following cased hole geophysical logging operations, Carolina #1 has intercepted a total
    of 21m of pay zone (coal and carbonaceous shale) at a depth interval ranging between
    830 and 990m. Net coal thickness has been estimated 17m in this pay zone according to
    1.75 gr/cm3 density cut-off.
    BUL Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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