Blugrass Energy Announces MOU With DeepExpro, LLC

- April 9th, 2010

Blugrass Energy, Inc. (OTCBB: BLUG) reported that the company has entered into a Memorandum of Understanding with DeepExpro, LLC, a privately held independent oil and gas exploration and production company based in Houston, Texas, to jointly identify, evaluate, acquire, explore, and develop various working interests and net revenue interests in oil and gas prospects.

Blugrass Energy, Inc. (OTCBB: BLUG) is pleased to announce that Blugrass Energy, Inc. has entered into a Memorandum of Understanding with DeepExpro, LLC, a privately held independent oil and gas exploration and production company based in Houston, Texas, to jointly identify, evaluate, acquire, explore, and develop various working interests and net revenue interests in oil and gas prospects.

The press release is quoted as saying:

Blugrass Energy, Inc. is a development stage oil and gas development and exploration company based in the United States that is traded on the Over the Counter Bulletin Board under the Symbol BLUG. The goal of BLUG is to grow through internally generated and developed prospects, participation with industry partners in oil and gas exploration and in targeted joint ventures.

Click here to access the entire press release

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