Blue Energy Limited (AU:BLU) has released an update.
Blue Energy Limited reports ongoing gas flows from its Sapphire 5/6 Pilot wells, albeit at rates below expectations due to operational challenges and drilling fluid issues. An independent review suggests that a drilling fluid component may have impaired gas productivity, with the company considering a low-cost re-drill to optimize gas flow. Updates will be provided as the company’s board and management assess the review’s recommendations.
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