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Bluegrass Energy Looks To Enter Mississippi Lime Play

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December 15, 2011

Blugrass Energy Inc., Dallas, (OTC: BLUG) has entered into letters of intent with multiple parties for the acquisition of certain interests in the Mississippian play in Osage and Woods Counties, Oklahoma .

The assets are in two counties:

The total price for these two asset packages is $10,256,000.00.  The cash requirement to close is $1,506,000.00; convertible notes ...

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