Blue Energy Limited (
As part of the A$12.571 million share placement in Blue Energy made by KOGAS in August 2009, KOGAS was granted an option to farmin to Blue Energy's Galiliee Basin permits in the northern Bowen Basin.
KOGAS requested an extension of the farmin option due to the recent taxation uncertainty and exploration delays associated with the severe flooding events occurred between December 2009 and March 2010.
Blue Energy says it is committed to working with KOGAS as a strategic partner and has agreed to the request.
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