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Coal Seam Gas company Blue Energy appoints new CEO

Coal Seam Gas (NYSE:CSG) explorer and developer Blue Energy (ASX: BUL) has promoted Chief Operating Officer John Phillips to the role of Chief Executive Officer, effective from 1 April 2010.

Blue Energy’s Chairman Peter Cockcroft, who will simultaneously relinquish executive duties, said Phillips’ appointment as CEO would provide additional leadership stability as the company pursued new growth opportunities and strengthen its governance structure.

Phillips, who joined Blue Energy in May 2009, has developed a deep understanding of the coal seam gas industry as a result of his experience while working with Conoco in the 1990’s through to his previous role as COO of successful CSG explorer Sunshine Gas.

The company's key objectives for next 12 months are to extensively drill out and obtain initial reserve certification in its assets ATP813P in the Galilee Basin & ATP814P in the Bowen Basin, located in Queensland.

The apointment follows the establishment of a gas resource for the Monslatt project area adjacent to Arrow Energy’s Moranbah Gas Project and also the execution of a MOU with Korea Gas Corporation (KOGAS) to investigate small scale LNG projects in eastern states.

Disclosure: The author holds no positions in the company