Blue Energy Limited · ASX:BLU
Blue Energy — Corporate Update (June 2023)
12 slides from Blue Energy's corporate update, Jun 20, 2023
Slide 1: Corporate Quarterly Update
For personal use only CORPORATE QUARTERLY UPDATE 20 June 2023
Slide 2: Disclaimer
LEGALS Disclaimer Not an offer or invitation For personal use only This presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. Restrictions This presentation has been prepared for publication in Australia and may not be released
Slide 3: Blue's Acreage Position: The Key New Gas Supply Basins
BLUE’S ACREAGE POSITION THE 3 KEY NEW GAS SUPPLY BASINS For personal use only 3
Slide 4: North Bowen Gas – Long Term, Reliable Supply
For personal use only NORTH BOWEN GAS – LONG TERM, RELIABLE SUPPLY PL 1045 gas to Townsville • North Bowen has ~15,000 PJ gas resource – NSAI • 30 years of east coast domestic gas demand • Blue has ~3,000 PJ of the gas resource – NSAI • 8 years of east coast domestic gas demand • Blue has MoU with n
Slide 5: Sapphire Well Location
SAPPHIRE WELL LOCATION (LOOKING SOUTH TOWARD ISAAC PLAINS MINE) For personal use only Lateral surface locations Vertical well locations 5
Slide 6: Sapphire Pilot Design
For personal use only SAPPHIRE PILOT DESIGN The Pilot configuration: • Approx 75m separation between the two vertical wells. • Two sets of lateral wells intercepting two vertical wells. • Gas produced out of the laterals, with water out of the verticals. • Locations are optimised to straddle the sei
Slide 7: Blue's Sapphire Pilot Drilling
BLUE’S SAPPHIRE PILOT DRILLING Sapphire 5 and 6 pilots targeted the Permian Coal measures: For personal use only • Rangal Coal Measures • Fort Cooper Coal Measures • Moranbah Coal Measures Sapphire Block Pilot wells located on seismic line for control Moranbah Gas Project Production Licence Adjacent
Slide 8: Sapphire Tie Into the Moranbah Gas Plant
SAPPHIRE TIE INTO THE MORANBAH GAS PLANT Executed MoU with QPM • Provides Pilot gas to MGP For personal use only • On “as available” basis • Pipeline route identified • Tie in point identified (Node 3 in MGP) Outstanding items • Term sheet for supply • Engineering specs of tie in • Cost sharing • Co
Slide 9: Sapphire Pilot Test Well Rates
For personal use only SAPPHIRE PILOT TEST WELL RATES 9
Slide 10: Sapphire – Next Steps
SAPPHIRE – NEXT STEPS • QPM MoU delivers access to the MGP – path to market – waiting on QPM-Arrow deal to complete For personal use only • Working with QPM to establish engineering and design requirements plus costing • Working up costings for pipeline connection to the MGP • Awaiting updated reser
Slide 11: For personal use only
For personal use only
Slide 12: Corporate Reserves and Resources
CORPORATE RESERVES AND RESOURCES 1P Permit Block Date Method Certifier 1C (PJ) 2P (PJ) 2C (PJ) 3P (PJ) 3C (PJ) For personal use only (PJ) ATP854P Whole Permit 22/01/2022 SPE/PRMS NSAI 0 90 0 194 0 398 ATP813P Whole Permit 29/10/2014 SPE/PRMS NSAI 0 0 0 61 0 830 ATP814P Sapphire 14/07/2022 SPE/PRMS N