http://www.mondaq.com/australia/x/275942/Mining/Energy+Sector+Upd...

http://www.mondaq.com/australia/x/275942/Mining/Energy+Sector+Update+November+2013

Mergermarket has reported that ASX-listed oil and gas exploration company Blue Energy is participating in discussions with parties interested in acquiring all or a share in its coal seam gas permit ATP 814P located in Queensland's Bowen Basin. ATP 814P consists of seven disconnected blocks covering areas from Moranbah to Newlands – a region in which there is already established CSG production. Blue Energy's Managing Director John Phillips has reportedly stated that ATP 814P has reached development stage and since the company does not have the necessary development expertise, Blue Energy is considering either a full asset sale or joint venture with a suitably experienced partner to progress the permit. Sector analysts have reportedly tipped ASX-listed Central Petroleum and Norwegian national oil company Statoil to be amongst the parties interested in ATP 814P.