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Blue Energy appoints Williams as CEO

Blue Energy Limited has announced the confirmation of the appointment of Bill Williams as CEO and the execution of the first of a number of coal seam gas exploration drilling contracts.
Drilling operations are scheduled to commence within the next two weeks.
Blue Energy's Chairman, Nick Stretch said "Bill Williams has been the acting CEO
of the Company for the last few months. The confirmation of his appointment as
CEO signals to the market that the Company has entered the next stage of its
development. This will focus on executing on its strategy of rapidly commercialising
its large asset base. Bill has a track record of success having joined QGC as its
senior commercial executive at a similar period in that company's development.
Bill has a breadth of experience across the energy sector including developing
power stations, gas pipelines and buying and selling all forms of energy. Bill's
background prior to QGC included managing energy trading operations at
Queensland energy retailer Energex and executive business development positions
with the Australian subsidiaries of US Energy companies Duke Energy and PG&E.
Prior to entering the energy sector Bill was employed in the resources sector with
roles in commercial management, value engineering, financial analysis and project
management.
Blue Energy also has executed the first of a number of drilling contracts that will
see the drilling of up to fifteen wells across five of its coal seam gas exploration
tenements over the next six months. CEO Bill Williams said "Blue Energy has one
of the largest portfolios of coal seam gas tenements in Australia and has completed
the process of prioritising those areas with the lowest geological risk and most rapid
pathway to commercialisation. The drilling program is designed to produce a
continuum of projects from Blue Energy's nine coal seam gas exploration areas
and Blue Energy's advantageous funding position will allow it to quickly consolidate
on early successes from its drilling program''.
The Board looks forward to working with Bill to

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