tiprankstipranks
Blue Energy Optimizes Gas Flow Amidst Legal Defence
Company Announcements

Blue Energy Optimizes Gas Flow Amidst Legal Defence

Blue Energy Limited (AU:BLU) has released an update.

Don't Miss our Black Friday Offers:

Blue Energy Limited reports increased gas flow rates from its Sapphire Pilot wells in Queensland and the Northern Territory, with an ongoing upward trend currently at 0.140 TJ/day. The company has identified drilling fluid damage as a cause for sub-optimal gas flow, which is under review to optimize production. Additionally, Blue has processed new seismic data which confirms potential continuous sedimentary sections, and is actively defending its Environmental Authority for the proposed Production Licence Application in court against environmental appeals.

For further insights into AU:BLU stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App