Blue Energy (ASX:BUL) Agreed Extension of KOGAS Farmin Option

  Sydney, Australia, July 7, 2010 - (ABN Newswire) - Blue Energy Limited (ASX:BUL) has agreed to a request from Korea Gas Corporation (KOGAS)(SEO:036460) to extend the expiry date on the farmin option by 8 months to 28 February 2011.As part of the A & #36;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.  

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