Blue Energy Awarded Four Permits in Australia's Cooper Basin

Blue Energy has been awarded four key permit areas in Australia’s Cooper Basin.

The company has been notified by the Queensland Department of Natural Resources and Mines that ATP 656P, 657P, 658P and 660P have been officially granted to the company’s wholly- owned subsidiary, Blue Energy (Qld) Pty Ltd.

The effective commencement date of these permits is 1 July 2014 and the initial permit terms will be 4 years, the company said.

The permits are located over an area of 5,200 square kilometres on the Northern Flank of the Cooper Basin in Queensland, where the Ballera-to-Mt Isa gas pipeline traverses one of the permits, ATP657P.

”We are delighted to now be able to undertake exploration activities in this significantly under-explored portion of the Cooper Basin, particularly at a time when there is growing interest in the Basin acreage, both as a potential source for east coast gas supply plus high value oil discoveries,” Blue Energy’s Managing Director and CEO, John Phillips said.