BLUE Energy has spudded the Cerulean-2 production test well in ATP 854P near Injune, Queensland, ...
The company said the well is targeting the potentially thick and continuous Permian Bandanna coals on the Springsure Shelf, a regional geological province of the Bowen Basin.
According to Blue, the Bandanna coals are producing CSM in the nearby Santos Fairview and Origin Spring Gully fields.
Permit ATP 854P is one of a number of exploration tenures being evaluated for CSM potential under Blue's fully-funded initial drilling program.
The company owns 100% of ATP 854P.
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