WCL 0.00% 39.5¢ westside corporation limited

blue energy - gunnedah basin update

  1. 7,368 Posts.
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    BUL just announced some info on their drilling iN GB permits- which are located near WCL permits.
    Coal thicknesses seem to be encouraging.

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    Blue Energy Limited (ASX: BUL)
    In the Galilee Basin, the Kanaka 1 well has reached total depth of 1,300 metres and has run wireline logs. The well intersected 24 metres of coal with very preliminary raw gas contents of up to 2.5m3/tonne in the Betts Creek Coal Measures, including a 12 meter net coal seam at 1,140 meters (with no associated water influx). The next well (Stainburn Downs) will spud in early January 2010 on resumption of drilling activities.
 
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