Blue Energy Limited has secured a 100% interest of ATP674P and ATP733P. It has also reached an in principle agreement with Australian Unconventional Gas Pty Ltd (a wholly owned subsidiary of Beach Energy Limited) ('Beach') to acquire the whole of Beach's interest in ATP613P in the Maryborough Basin, Queensland, subject to binding documentation which is expected to be entered into by the parties shortly.

Blue Energy had previously been earning a 75% interest from Beach in these three Maryborough Basin permits by conducting a farm in work program in the permits, which cover an area of 2,940km2 (726,486 acres).

Tags: Blue Energy Limited