Blue Energy Limited · ASX:BLU
Blue Energy — Investor Presentation (July 2022)
22 slides from Blue Energy's investor presentation, Jul 28, 2022
Slide 1: Corporate Presentation
For personal use only CORPORATE PRESENTATION 26 July 2022
Slide 2: Disclaimer
Legals For personal use only Disclaimer Not an offer or invitation This Presentation does not constitute an offer of any securities in BLU, in any jurisdiction, nor an invitation to apply for such securities, in any jurisdiction, and will not form part of any contract for the acquisition of BLU shar
Slide 3: Disclaimer continued
Legals For personal use only Disclaimer continued Eligibility Determination of eligibility of investors for the purposes of the Placement is determined by reference to a number of matters, including legal requirements, logistical and registry constraints and the discretion of BLU and the Joint Lead
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only Metrics Share Price Cash (30/06/2022) $6.85 million Debt Nil Shares on Issue before offer 1,528,214,889 Market Cap (21/07/22) ~$119 million Board Reserves and Resources Executive Chairman: John Ellice-Flint 1P/1C 2P/2C 3P/3C Managing Director: John Phillips R
Slide 5: Directors with Deep Experience
For personal use only DIRECTORS WITH DEEP EXPERIENCE John Ellice-Flint BSc (Hons) Harvard, AMP John Phillips Bsc (Hons), GAICD Executive Chairman Managing Director • Geologist by training • Geologist by training • 50 years global oil and gas industry experience • 38 Years oil and gas experience in o
Slide 6: Reserves and Resources
For personal use only RESERVES AND RESOURCES 1P Permit Block Date Method Certifier 1C (PJ) 2P (PJ) 2C (PJ) 3P (PJ) 3C (PJ) (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 NSAI 0 154.
Slide 7: Strategy
For personal use only STRATEGY • Blue Energy (BLU) has a vision to become Australia’s next east coast domestic gas supplier from its 100% owned acreage across three key basins • BLU has a large asset base (4,500+PJ) with executed gas supply agreements for ~500+ PJ of long term gas supply with key re
Slide 8: Assets in the Key New Gas Supply Basins
For personal use only ASSETS IN THE 3 KEY NEW GAS SUPPLY BASINS Bowen Basin Beetaloo Basin Galilee Basin 8
Slide 9: Overview
For personal use only OVERVIEW The East Coast Gas Market needs more gas supply to firm renewable energy roll out and underpin manufacturing : • The North Bowen Basin provides de-risked gas potential - 300+ existing producing gas wells with 16 years of production • The North Bowen Basin has scale – 1
Slide 10: Monetisation Path Is Clear
For personal use only MONETISATION PATH IS CLEAR Gas offtake agreements for Bowen Basin underpin southern pipeline construction BLU’s achievements • Origin Energy and Blue ✓ Heads of Agreements for 300 PJ of gas over 10 years at Wallumbilla • Energy Australia and Blue ✓ Heads of Agreement for 100 PJ
Slide 11: East Coast Gas Market Needs New Supply
EAST COAST GAS MARKET NEEDS NEW SUPPLY BLUE’S GAS WILL UNDERPIN NEW GAS INFRASTRUCTURE For personal use only • 400 PJ of new Blue gas supply into Wallumbilla – underpins a new nation building gas pipeline • Blue’s gas supports a 20” pipeline open access pipeline but capable of taking the full Bowen
Slide 12: Blue's Bowen Gas – Long Term & Reliable Supply
For personal use only BLUE’S BOWEN GAS – LONG TERM & RELIABLE SUPPLY PL 1045 gas to Townsville • North Bowen has ~15,000 PJ gas resource – NSAI • 30 years east coast domestic gas demand • Blue has ~3,000 PJ of the total gas resource – NSAI • 8 years of east coast domestic gas demand 12
Slide 13: Blue's Bowen Gas – Recent Reserve & Resource Updates
For personal use only BLUE’S BOWEN GAS – RECENT RESERVE & RESOURCE UPDATES • Sapphire Block (PL A 1034) PL 1045 gas to Townsville 2P and 3P reserve add and 1C & 2C upgrade • Other PL A’s and PCA reviews are underway by NSAI and will follow (eg PL A 1038; 1045 and PCA’s 213 and 201) 13
Slide 14: Second Sapphire Pilot Drilling and Testing
For personal use only SECOND SAPPHIRE PILOT DRILLING AND TESTING • Current Activities • Drilling up to 4 lateral CSG wells and a vertical in PL 1034 (Sapphire); • Testing of the multi lateral wells to demonstrate deliverability • New activities • Drilling an additional 4 lateral CSG wells and a vert
Slide 15: Reserve Build Appraisal Well Locations
RESERVE BUILD APPRAISAL WELL LOCATIONS (OVERLAIN ON PROPOSED DEVELOPMENT PLAN WELL FIELDS) For personal use only Reserve Build Program combination wells 15
Slide 16: Blue's Other Gas Option – ATP – Surat Basin
For personal use only BLUE’S OTHER GAS OPTION – ATP 854 - SURAT BASIN 16
Slide 17: ATP – Close to Existing Infrastructure and Gas Fields
For personal use only ATP 854 – CLOSE TO EXISTING INFRASTRUCTURE AND GAS FIELDS 17
Slide 18: ATP - 100% Blue – Infrastructure in Place
For personal use only ATP 854 - 100% BLUE – INFRASTRUCTURE IN PLACE NSAI Gas Resource upgrade • January 2022 - 300% upgrade in Contingent Resource by NSAI ✓ Resource upgrade will allow acceleration of resource appraisal • ATP854 now becomes a material gas resource – 398 PJ Contingent Resource ✓ Un-c
Slide 19: ATP – Proposed Drilling Program
For personal use only ATP 854 – PROPOSED DRILLING PROGRAM 19
Slide 20: Detailed Use of Funds
DETAILED USE OF FUNDS Activity Description Base Case For personal use only Bowen Basin ATP814 PL 1034 (Sapphire) Duplicate Pilot Vertical wells 1 $1,000,000 Lateral wells 4 $4,000,000 Testing 1 $500,000 Opex $500,000 PL 1038 (Central) Vertical well 1 $1,000,000 PL 1045 (Lancewood) 1 Vertical well $1
Slide 21: Catalysts
For personal use only CATALYSTS Blue’s current drilling activity and production testing in the North Bowen Basin Additional North Bowen reserve and resource upgrades for other Blue Blocks East Coast gas shortage – Victoria has no gas in storage in 3 weeks Additional Gas Sales Agreements for north Bo
Slide 22: For personal use only
For personal use only