Blue Energy Limited · ASX:BLU
Blue Energy — Shareholder Meeting (November 2019)
23 slides from Blue Energy's shareholder meeting presentation, Nov 12, 2019
Slide 1: Annual General Meeting
Annual General Meeting 12th November 2019
Slide 2: Legals
Legals 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 a range of variables
Slide 3: Snapshot
Snapshot Metrics 12 month Share Price Performance Cash (30/9/19) $5.8 million Debt Nil Market Cap (11/11/19) ~$64 million Structure Reserves and Resources Board 1P/1C 2P/2C 3P/3C John Ellice-Flint :Executive Chairman Reserves 0 71 298 (Pj) John Phillips :Managing Director Resources 158 1,166 4,179 R
Slide 4: Exploration & Development Portfolio
Exploration & Development Portfolio 2
Slide 5: Priorities
Priorities • Execute Gas Sale Agreements with gas users in Townsville • Power generation option in specific blocks in ATP814 - North Bowen Basin • Secure pipeline construction from Moranbah to Wallumbilla or Gladstone – accessing the southern gas market • Secure gas buyers in the south • Restart exp
Slide 6: Bowen Gas
B owe n Ga s AT P 8 1 4 Northern Market - Townsville Southern Market - Wallumbilla 4
Slide 7: Monetisation – Northern Gas Market
Mone tis a tion Northern Gas Market Townsville via NQGP New demand opportunities • Gig economy Battery plants • Mineral processing • Electricity generation in lower CO2 world • Solar farm gas fired firming generation 5
Slide 8: Monetisation – Southern Gas Market
Mone tis a tion Southern Gas Market Pipeline connection to Wallumbilla needed • Route selection in process Southern gas buyer engagement • manufacturing energy supply • electricity generation • Manufacturing process feedstock LNG Feed Gas source AEMO GSOO 2019 6
Slide 9: Upside – NT
Upside – NT Huge Resource Greater McArthur Basin • Activity re-emerging – Santos/Origin 13 TCF • Awaiting testing results • Regulatory approval 6 TCF - process still ironing out 57 TCF • Stakeholder engagement re- commenced by Blue • Acreage deals restarting (STO/AJQ ~ $9/acre) (BLU = 12.4 million a
Slide 10: Upside - Galilee
Ups ide - Ga lile e Galilee Basin • Proof of CSG concept coming (GLL production testing) Where will this volume Un-developed Gas • Deeper Conv Play potential Reserves come from? (Contingent and Prospective (COI Devonian test – Albany) Resources) • Pipeline infrastructure • Eastern option – APA to Mo
Slide 11: Catalysts
C a ta ly s ts Southern Gas Market • Gas Sales Agreement • Pipeline Funding Northern Gas market • Gas Sales Agreements AEMOO GSOO 2019 Industry news on flow rates • Beetaloo, Galilee & Bowen Basins Generation • Proving up Reserves in Hillalong/Monslatt • Power Purchase Agreement Longer term supply f
Slide 12: Reserves and Resources
Reserves and Resources Permit Block Date Method Certifier 1P 1C 2P 2C 3P 3C (PJ) (PJ) (PJ) (PJ) (PJ) (PJ) ATP854P Whole 30/06/2012 SPE/PRMS NSAI 0 22 0 47 0 101 Permit ATP813P Whole 29/10/2014 SPE/PRMS NSAI 0 0 0 61 0 830 Permit ATP814P Sapphire 5/12/2015 SPE/PRMS NSAI 0 66 59 108 216 186 ATP814P Ce
Slide 13: Reserves and Resources
Reserves and Resources • 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 announcements 25 Januar
Slide 14: 14
14
Slide 15: Why gas?
Appendices: Global Thematic Why gas? Lower particulate emissions Less Carbon dioxide emitted than oil and oil 12
Slide 16: Global population isn't declining
Global population isn’t declining EIA 2019 ZME Science 13
Slide 17: People need energy; Lives are transformed by energy!
People need energy; Lives are transformed by energy! EIA 2019 The Developing world ‘s energy consumption is growing fastest 14
Slide 18: Asia powers ahead
Asia powers ahead Blue. Non-OECD energy consumption by region quadrillion British thermal units 700 history projections Asia i] I 600 500 I 400 - I I an Middle East | Africa ‘00 Americas O; - - - . , Europe and Eurasia 2020 2030 2040 2050 2010 = eia) 15
Slide 19: Global oil supply and demand
Global oil supply and demand World liquid fuels production and consumption balance million barrels per day 106 forecast 104 102 100 world production 98 96 world consumption 94 92 90 // 88 0 86 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 2016 2017 201
Slide 20: Global Gas growth is strong into the future
Global Gas growth is strong into the future 17
Slide 21: Global electricity growth driven by Gas and Renewables
Global electricity growth driven by Gas and Renewables 18
Slide 22: Southern states depend on LNG producers for supply
Southern states depend on LNG producers for supply 19
Slide 23: Turning $gas into $gas
Tu r n i n g $ 8 g a s i n t o $ 4 0 g a s The Duck Curve: controversial symbol of change. Graphic: California ISO and J. Lazar. Uscusa.org $/Gj $/MWhr Blue Energy Ltd 20