ANNUAL GENERAL MEETING
9 NOVEMBER 2021
BLUE'S ASSETS ARE IN THE 3 KEY GAS BASINS
Galilee Basin
Bowen Basin
Beetaloo/McArthur
Basin
NATURAL GAS - RELIABLE, DISPATCHABLE, SUSTAINABLE, ESSENTIAL | 2 |
OVERVIEW
Metrics | 12-month Share Price Performance | ||
Cash (29/10/21) | $10.8 million | ||
Debt | Nil | ||
Shares on Issue | 1,528,214,889 | ||
Market Cap (8/11/21) | ~$87million |
Board
Executive Chairman: | John Ellice-Flint |
Managing Director: | John Phillips |
Deputy Chair (non exec): | Rod Cameron |
Audit Chair (non exec): | Mark Hayward |
Reserves and Resources
1P/1C | 2P/2C | 3P/3C | |
Reserves (PJ) | 0 | 71 | 298 |
Resources (PJ) | 158 | 1,166 | 4,179 |
NATURAL GAS - RELIABLE, DISPATCHABLE, SUSTAINABLE, ESSENTIAL | 3 |
OVERVIEW
The Government is resetting the east coast gas market and creating a more competitive and transparent Australian Gas Hub by:
- unlocking gas supply starting with 3 key basins North Bowen, Galilee and Beetaloo Basins,
- delivering an efficient pipeline and transportation market; and
- empowering gas customers
Blue's Strategy:
To execute gas offtake agreements and underpin building of the gas pipeline to connect North Bowen to Wallumbilla/Gladstone
Blue's Assets are located within these three basins:
✓
✓
✓
North Bowen Basin
- 3,000 PJ* of Gas Resources (and 2P reserves) - operator
Galilee Basin
- 830 PJ* of Gas Resources - operator
Beetaloo and Greater McArthur Basin
- Interests in over 100,000 km2 of prospective acreage adjacent to the Beetaloo Basin - operator
*See Pages 18 and 19 for Listing Rule 5 Disclosure
NATURAL GAS - RELIABLE, DISPATCHABLE, SUSTAINABLE, ESSENTIAL | 4 |
BLUE'S GAS WILL UNDERPIN NEW GAS INFRASTRUCTURE
- 500 PJ of new Blue gas supply agreements Energy Australia, Origin Energy and QPM - will underpin new nation building gas pipeline infrastructure
- Blue's gas supports a 20" pipeline open access pipeline but capable of taking the full Bowen Basin volume over time - ie up to 15,000 PJ
- Federal Government looking for new build gas infrastructure - Integrated Gas Infrastructure Plan - "Right Size" pipeline
- Qld Government looking to utilise coal mine gas - State/Fed study near completion
- Opportunity to participate in new pipeline funding and ownership
- Bowen Basin has 30 years of domestic east coast gas supply - long term annuity for investors bookended by long term gas offtake and large upstream gas reserves.
NATURAL GAS - RELIABLE, DISPATCHABLE, SUSTAINABLE, ESSENTIAL | 5 |
Attachments
- Original document
- Permalink
Disclaimer
Blue Energy Limited published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 08:52:12 UTC.