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 CEOof the Company for the last few months. The confirmation of his appointment asCEO signals to the market that the Company has entered the next stage of itsdevelopment. This will focus on executing on its strategy of rapidly commercialisingits large asset base. Bill has a track record of success having joined QGC as itssenior commercial executive at a similar period in that company's development.Bill has a breadth of experience across the energy sector including developingpower stations, gas pipelines and buying and selling all forms of energy. Bill'sbackground prior to QGC included managing energy trading operations atQueensland energy retailer Energex and executive business development positionswith 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 withroles in commercial management, value engineering, financial analysis and projectmanagement.Blue Energy also has executed the first of a number of drilling contracts that willsee the drilling of up to fifteen wells across five of its coal seam gas explorationtenements over the next six months. CEO Bill Williams said "Blue Energy has oneof the largest portfolios of coal seam gas tenements in Australia and has completedthe process of prioritising those areas with the lowest geological risk and most rapidpathway to commercialisation. The drilling program is designed to produce acontinuum of projects from Blue Energy's nine coal seam gas exploration areasand Blue Energy's advantageous funding position will allow it to quickly consolidateon early successes from its drilling program''.The Board looks forward to working with Bill to
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