Blue Energy Limited

Asian Activities Report for October 7, 2011 includes: Blue Energy Limited (ASX:BUL) has successfully drilled its Monslatt 9 coal seam gas well in Bowen Basin, Queensland; CBD Energy Limited (ASX:CBD) has signed an agreement to acquire energy retailer Neighbourhood Energy; CBD Energy Limited (ASX:CBD) has signed an agreement to acquire energy retailer Neighbourhood Energy; Energy World Corporation Limited (ASX:EWC) has signed a Memorandum of Understanding with the East Java Provincial Government in relation to the development and construction of an Liquefied Natural Gas Import Receiving Terminal and associated facilitates in East Java, Indonesia; TVN Corporation Limited (ASX:TVN) has revised its Exploration Target for the Target Resource Area in the south western portion of the Nuurst licence to 200-300 million tonnes of thermal coal.

Australian market fell on Wednesday led by financial and energy stocks with low trading volume during the session. The gains in US and Europe markets in previous session fail to inspired investors as they feared more disappointing US economic data could come out.

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.

Adelaide Energy Limited (ASX:ADE) releases Third Quarter Activities Report 3 months to 31 March 2010.

Overnight the Wall Street was stronger after the bill overhauling the US healthcare system was passed. Asian stock markets were mostly lower on Monday as Reserve Bank of India unexpectedly increased the official interest rate by 25 basis points. The Indian central bank's move has raised fears of an earlier-than-expected rate hike in China. Hong Kong's Hang Seng Index fell 2.05 per cent and South Korea's Kospi was down 0.8 per cent. But Shanghai composite edged 0.2 per cent higher. Japanese markets, which were closed for public holiday yesterday, resume trading on Tuesday.

Blue Energy Limited (ASX: BUL) - Company Update and Acquisition of New CBM Tenement - Sharif Oussa, MD and CEO; Blue Energy Limited (ASX: BUL) present the following audio webcast regarding "Company Update and Acquisition of New CBM Tenement". You may also download this audio webcast to your computer or portable audio player.