Blue Energy Limited · ASX:BLU
Blue Energy — Macquarie Small and Midcap Oil and Gas Day (October 2020)
20 slides from Blue Energy's conference presentation, Oct 12, 2020
Slide 1: Presentation to Macquarie Small and Midcap Oil and Gas Day
For personal use only Presentation to Macquarie Small and Midcap Oil and Gas Day 12 October 2020
Slide 2: Legals: Disclaimer and Competent Person Statement
Legals For personal use only Disclaimer This presentation may contain forward looking statements that are subject to risk factors associated with the gas and energy industry. It is believed that the expectations reflected in the statements contained within are reasonable, but they may be affected by
Slide 3: "Gas has chosen itself"
For personal use only “Gas has chosen itself” Prime Minister Scott Morrison (ABC Insiders 20th September 2020) 2
Slide 4: Federal Government Fires up Gas Development
Federal Government Fires up Gas Development For personal use only “Gas-fired recovery 15 September 2020 Joint media release with Prime Minister Scott Morrison and Minister for Energy and Emissions Reduction Angus Taylor. Gas will help re-establish a strong economy as part of the Government’s JobMake
Slide 5: Blue has assets in the key Basins
Blue has assets in the 3 key Basins For personal use only 4
Slide 6: Queensland Government in as well! $5million for Bowen pipeline feasibility study
Queensland Government in as well! $5million for Bowen pipeline feasibility study For personal use only • The Queensland Palaszczuk Government has committed $5 million to fund a feasibility study for a gas pipeline from the North Bowen Basin to the east coast • The scope of the study will include rou
Slide 7: Corporate Snapshot
Corporate Snapshot For personal use only Metrics 12 month Share Price Performance Cash (30/6/20) $4.3 million Debt Nil Market Cap (09/10/20) ~$94 million Board Reserves and Resources Executive Chairman: John Ellice-Flint 1P/1C 2P/2C 3P/3C Reserves (Pj) 0 71 298 Managing Director: John Phillips Deput
Slide 8: Blue's Priorities
B l u e ’s P r i o r i t i e s For personal use only • Monetise Bowen Gas – GSA’s for Blue‘s 3,000 Pj Gas resource Southern market – pipeline connection – gas buyers • Northern market – Townsville market – new industry gas buyers • Gas fired power generation – Robust business case for peaking capaci
Slide 9: Connecting the Bowen and Galilee to the east coast market will secure long term gas supply
Connecting the Bowen and Galilee to the east coast market will secure long term gas supply For personal use only Bowen Basin – 15,000 PJ Blue Net = 3,000 PJ Galilee Basin – 5,000 PJ Blue Net = 838 PJ MAP Arcadia Wallumbilla 8
Slide 10: Blue's Bowen gas will provide long term reliable supply
B l u e ’s B o w e n g a s w i l l p r o v i d e long term reliable supply For personal use only 2,700 PJ (net to Blue) of marketable gas resource in these three blocks 9
Slide 11: Bowen Gas Agreements: Market gas to East Coast Gas Market
B owen Gas Agreements For personal use only Market gas to East Coast Gas Market • The Bowen Basin’s 15,000 PJ of Gas Resource is discovered and awaiting development • 30 years of gas supply to the domestic gas market • it’s a proven and producing gas basin • 80% of this resource is controlled by for
Slide 12: Bowen Gas Agreements: Northern Gas Market
B owen Ga s A gr e e m e nts For personal use only Northern Gas Market Townsville gas users have been getting gas via NQGP pipeline since 2007 New demand opportunities – COVID recovery opportunities • Mineral processing – QPM MoU signed • Large scale battery plants • Electricity generation in lower
Slide 13: Bowen Gas Power Gen: North Qld Power Generation
B owen Ga s Powe r Ge n For personal use only North Qld Power Generation Massive Govt sanctioned NQ Solar build out …needs gas fired peaking capacity Electricity grid instability caused by unchecked renewable generators needs serious frequency and inertia capacity augmentation – gas fired generation
Slide 14: Bowen Gas Power Concept
Bowen Gas 2 Power Concept For personal use only Conceptual scalable fast start mobile aeroderivative gas turbine 13
Slide 15: Beetaloo/Macarthur High Graded area
Beetaloo /Macarthur High Graded area For personal use only • Post Covid - Activity re- emerging – Remote community protection is critical 13 TCF • Federal Govt high graded basin as an east coast gas 6 TCF 57 TCF supply source • Massive resource potential • Blue has large acreage position Resource nu
Slide 16: Catalysts
Catalysts For personal use only • Gas Sales Agreements for north Bowen Gas – 3,000 Pj Gas resource • Southern market – pipeline connection – southern gas buyers • Northern market – Townsville – new industry gas buyers • Gas fired power generation – Robust business case for peaking capacity • Gas Sal
Slide 17: Why Invest in Blue?
Why Invest in Blue? For personal use only • Blue has large certified gas reserves and resources in key basins (4,000 + PJ) • Blue is Operator and holds 100% in Bowen and Galilee Basins • Federal Government gas led manufacturing plan for post COVID re-build • underwriting gas agreements between produ
Slide 18: Reserves and Resources
Reserves and Resources For personal use only Permit Block Date Method Certifier 1P 1C 2P 2C 3P (PJ) 3C (PJ) (PJ) (PJ) (PJ) (PJ) ATP854P Whole Permit 30/06/2012 SPE/PRMS NSAI 0 22 0 47 0 101 ATP813P Whole Permit 29/10/2014 SPE/PRMS NSAI 0 0 0 61 0 830 ATP814P Sapphire 5/12/2015 SPE/PRMS NSAI 0 66 59
Slide 19: Reserves and Resources: Listing Rule Disclosure
Reserves and Resources For personal use only • Listing Rule 5 Disclosure •The estimates of reserves and contingent resources noted throughout this Presentation have been provided by Mr John Hattner of Netherland, Sewell and Associates Inc (NSAI) and were originally reported in the Company’s market a
Slide 20: For personal use only
For personal use only 20
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