Blue Energy Limited · ASX:BLU
Blue Energy — MST Financial Oil and Gas Forum 2024
20 slides from Blue Energy's conference presentation, Jun 19, 2024
Slide 1: Corporate Overview - MST Financial Oil and Gas Forum
CORPORATE OVERVIEW MST FINANCIAL OIL AND GAS FORUM 19 June 2024
Slide 2: Legals - Disclaimer
Legals Disclaimer Not an offer or invitation 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 to US wire services or
Slide 3: Blue Energy: Who are we?
Blue Energy: Who are we? Beetaloo/McArthur Basin Bowen Basin Blue is the exploration operator in all acreage 3
Slide 4: Blue's Corporate Reserves and Resources
Blue’s Corporate Reserves and Resources Reserves Contingent Resources (net to Blue Energy) (net to Blue Energy) Proved + Probable (2P): 91 PJ 1C: 518 PJ Proved + Probable + Possible (3P): 293 PJ 2C: 1,617 PJ 3C: 4,017 PJ All reserve and resource estimates are assessed by Netherland Sewell and Associ
Slide 5: Directors with Deep Experience
Directors with Deep Experience John Ellice-Flint John Phillips Mark Hayward John McCreery BSc (Hons) Harvard, AMP Bsc (Hons), GAICD Bbus (ACC), MAICD, FCA BSc (Eng) Chairman Managing Director Non-Executive Director Non-Executive Director Chair of Risk and Audit • Geologist by training • Geologist Co
Slide 6: Australian East Coast Gas Market Structurally short of new gas supply
Problem Australian East Coast Gas Market Structurally short of new gas supply in both medium and long term 6
Slide 7: Problem
Problem The south-eastern domestic gas market is short gas – medium and long term Projected Annual Adequacy in Southern Regions • Gas pivotal to achieving all Net Zero scenarios • Gas storage and peaking generation capacity is well short. • Mandated $12/Gj price cap sets “floor price” and LNG import
Slide 8: Blue's Assets Overview
Blue. Blue’s Assets Overview
Slide 9: North Bowen Basin – Exploitation Play
North Bowen Basin – Exploitation Play North Bowen Basin Blue 100% equity holder and Operator Blue Reserves : 91 PJ 2P (NSAI) : 293 PJ 3P (NSAI) Blue Resources : 4,017 PJ Contingent Resource (NSAI) 9
Slide 10: North Bowen Basin – Exploitation Play
North Bowen Basin – Exploitation Play North Bowen Basin Geology QPME BLUE QPME BLUE BLUE - Broad synclinal structural features with associated basin margin thrust faulting - Multiple stacked Permian aged Coal Seam Measures - Thick laterally extensive sub bituminous high gas content coal seams – - Wo
Slide 11: Exploitation play adjacent to production
Exploitation play adjacent to production Sapphire - Initial Development Plan • Sapphire Project is a proposed 117 well development of up to 240 PJ sale spec gas – currently undergoing pilot well testing • Adjacent to existing production (MGP) with access arrangements for connection to low pressure s
Slide 12: Proximity to Infrastructure - Surat Basin
Proximity to Infrastructure - Surat Basin Surat Basin Cobalt Project ATP 854 197,680 Net Acres Blue 100% equity holder and Operator Blue Gas Resource : 398 PJ Contingent Resource (NSAI) 12
Slide 13: Proximity to Infrastructure - Surat Basin
Proximity to Infrastructure - Surat Basin ATP 854 100% Blue Energy • 398 PJ Contingent Resources • NSAI certified • 70 km from Wallumbilla spot hub • Gas pipeline through the permit 13
Slide 14: Surat Basin – Evaluation Work Program
Surat Basin – Evaluation Work Program ATP 854 Permian Coal Seam Gas play Potential Cobalt production pilot test wells 14
Slide 15: Proximity to Infrastructure - Surat Basin
Proximity to Infrastructure - Surat Basin Surat Basin ATP 854 – Coal Seam Gas play Substantial Gas Proposed work Favourable location Resource program • Gas pipelines passing through the permit • Independent NSAI • Pilot drilling program to assessment establish 2P reserves and Offers connectivity to
Slide 16: Greenfield Exploration - Northern Territory
Greenfield Exploration - Northern Territory Greater McArthur/Beetaloo Basin 24 million gross acres Proterozoic aged structural/shale plays Blue is operator 16
Slide 17: Greenfield Exploration - Northern Territory
Greenfield Exploration - Northern Territory Emerging Shale Gas Play Proterozoic plays: Roper and McArthur Groups Conventional and shale plays 17
Slide 18: Greenfield Exploration - Northern Territory
Greenfield Exploration - Northern Territory Massive acreage position in Emerging Play Adjacent to Blue acreage Blue is Under explored Blue has Government massive has both Operator areas regulatory (Geoscience McArthur/ conventional approval to Australia) Beetaloo Basin oil and shale acquire regional
Slide 19: Summary – Why Blue?
Summary – Why Blue? Substantial Gas Market Near Term Production Resource Opportunity Assets with Upside • 4,017 PJ Contingent • SE Australian gas market • Near term Bowen production and Resource structurally short of supply development close to existing by 2027 infrastructure – de-risked • Operator
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