Managing Directors AGM Presentation

ersonal use only

ANNUAL GENERAL MEETING

9 NOVEMBER 2021

BLUE'S ASSETS ARE IN THE 3 KEY GAS BASINS

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Galilee Basin

Bowen Basin

Beetaloo/McArthur

Basin

NATURAL GAS - RELIABLE, DISPATCHABLE, SUSTAINABLE, ESSENTIAL

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OVERVIEW

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	Metrics
		Cash (29/10/21)	$10.8 million
		Debt	Nil
use		Shares on Issue	1,528,214,889
	Market Cap (8/11/21)	~$87million
ersonal		Board
	Executive Chairman:	John Ellice-Flint
		Managing Director:	John Phillips
		Deputy Chair (non exec):	Rod Cameron
		Audit Chair (non exec):	Mark Hayward

12-month Share Price Performance

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

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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

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BLUE'S GAS WILL UNDERPIN NEW GAS INFRASTRUCTURE

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• 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

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