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7.14%

5.2¢ blue energy limited

KOGAS sells out of Blue, page-4

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kiwitrev

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25/07/18

06:23

Post #: 34546778
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Originally posted by 278126 ↑

well, its starting to look like we are infact the ugly one at the school dance that wont get picked...

https://www.copyright link/street-talk/kogas-sells-stake-in-blue-energy-via-bells-20180724-h132a9

South Korea's Korea Gas Corporation (Kogas) has sold a 6 per cent stake in ASX-listed Blue Energy to an institutional investor.
Stockbrokers Bell Potter Securities handled the block trade after-market on Tuesday.
As first reported by this column, Sydney-based Regal Funds Management was the acquirer of the stock.
The transaction follows a selldown in June by Stanwell Corporation which cashed out of its shareholding via Morgans Financial.
Blue Energy is chaired by John Ellice-Flint, who spent almost a decade at the helm of Santos.
Its permits in Queensland's Bowen Basin hold almost 4000 petajoules of gas resources in a market hungry for gas. But the gas is seen as difficult to extract, putting question marks around its commercial prospects.
The region also requires a new pipeline to take the gas to market although that could be addressed through plans for a pipeline to transport gas from nearby acreage held by Shell and PetroChina.

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https://www.copyright link/business...-coast-gas-market-mark-samter-20180723-h13239

BUL Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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