Blue raises funds for Bowen pipeline study 

BLUE Energy has announced completion of an oversubscribed A$4.2 million placement to institutional and sophisticated investors of 93.33 million shares at 4.5 cents per share after going into a trading halt Tuesday. 

Blue raises funds for Bowen pipeline study  Blue raises funds for Bowen pipeline study  Blue raises funds for Bowen pipeline study  Blue raises funds for Bowen pipeline study  Blue raises funds for Bowen pipeline study 

Blue raise to progress Bowen work

The Queensland and Northern Territory-focussed company will use the money to develop its gas projects in Queensland's North Bowen Basin and to argue its case - which it has been making for some time -