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WednesdayMar 04, 2009 5:20 am

Bluegrass Energy Inc. (BLUG.OB) Announces Updates on Current and Potential Projects/Acquisitions

Bluegrass Energy Inc. (BLUG.OB) is a development stage oil and gas development and exploration company with plans to grow through strategic prospects, industry partners and targeted joint ventures. The company yesterday updated the investment community on its recent acquisitions and Kentucky joint venture, sending shares up 6 percent in yesterday’s trading. In the press release, Bluegrass said that it believes the reserves in Eastern Kentucky are potentially more than previously announced. The company said it has adhered to the restructuring terms of the agreement for the acquisition, and that it will not issue any shares as part of the transaction,…

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FridayFeb 27, 2009 7:38 am

Blugrass Energy, Inc. (BLUG.OB) is “One to Watch”

Bluegrass Energy Inc., an oil and gas development and exploration company, is focused on growing through internally generated and developed prospects, participation with industry partners in oil and gas exploration, and in targeted joint ventures. The company’s objective is to identify and then develop oil and gas properties that have low geological risk. The strategy used by Bluegrass is built around securing assets within known producing areas that offer opportunities to use historical results as a guideline, but allow the leveraging of today’s science and technology to optimize reserve recovery. The company’s initial acreage purchase will allow it to secure…

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