Blue Energy Limited · ASX:BLU
Blue Energy — Investor Presentation (March 2014)
22 slides from Blue Energy's investor presentation, March 2014
Slide 1: Blue Energy Limited Investor Presentation
Blue Energy Limited Investor Presentation March 2014
Slide 2: Disclaimer
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 which c
Slide 3: Strategic Investment Rationale
Strategic Investment Rationale • Large acreage position in producing and emerging basins • Uncontracted Gas Reserves • East Coast gas shortage – rising gas prices • 6 LNG trains - supply shortage • Dom gas shortage Qld/NSW • North Coast gas shortage • NT Short Dom Gas • Bayu-Undan reserves downgrade
Slide 4: Strategic Investment Rationale
Strategic Investment Rationale Slide 4
Slide 5: Corporate Snapshot
Corporate Snapshot ASX BUL 2P Reserves (NSAI) 55PJ (55 bcf) 3P Reserves (NSAI) 200PJ (200 bcf) Contingent Resource 3,454PJ 3C (3.5 tcf) Cash (31st Dec 2013) $14 million Acreage (net) ~89,880km2 (22.2 million acres) Employees 6 • Operator of all acreage held • Uncontracted gas reserves • Adjacent to
Slide 6: Scorecard
Scorecard 2013 2014 BUL Market Cap $38 million $64 million Cash Position $17 million $14 million Enterprise Value $21 million $50 million Wells Drilled (Cumulative) 39 41 Metres Drilled (Cumulative) 29,000 30,800 LTI Zero One Net Acreage (acres) 13.3 million 22.2 million 2P Reserves (PJ) NSAI 0 55 3
Slide 7: Global LNG Demand
Global LNG Demand ( blueenergy limited Markets: 2013 YOY ecenour FS Total = +1.1 mtpa -16.9 mtpa +18.0 mtpa -4.1 N. Europe -9.6 M. Europe —£3s o8 China | Chile | Netherlands | PRico [i Israel Thailand | Argentina Malaysia Portugal UAE Taiwan | Mexico W NS Indonesia (ll Singapore Mexico E jf China/Ko
Slide 8: East Coast Gas Supply
East Coast Gas Supply Domestic gas contracts rolling off 2015-2017 Steep demand rise by end LNG Demand 2014 Proposed Trains QCLNG now in commissioning phase Dom gas competes with LNG on price and supply Uncontracted reserves now LNG Demand of greater value Sanctioned Trains Gas end users
Slide 9: Natural Gas Portfolio
Natural Gas Portfolio Proven and potentially productive basins Acreage in producing basins: Cooper: 5,191km2 Bowen/Surat: 1,917km2 Acreage in frontier basins: Georgina: 21,300km2 Gas Gas Carpentaria: 8,161km2 Gas Maryborough: 2,900km2 Galilee: 2,079km2 Wiso: 48,332km2 Gas Total Acreage 89,880km2
Slide 10: East Coast Gas ATP814P - Bowen Basin
East Coast Gas ATP814P- Bowen Basin Blocks surrounded by Arrow’s Project area 814P Un-contracted Gas Resources and Reserves (NSAI) 2P: 55PJ (55bcf) 3P: 200PJ (200bcf) 3C: 2,805PJ (2.8tcf) Adjacent activity drives Blue’s gas resource growth with minimal BUL expenditure Slide 10
Slide 11: East Coast Gas ATP814P - Bowen
East Coast Gas ATP814P - Bowen Large Contingent Resource base Adjacent to proposed gas gathering and export facilities of LNG feed gas project Shell/Petrochina need to get Gas to Gladstone to monetize asset Gas processing facilities modified from Arrow’s Draft EIS 11 March 2013 – blue areas ar
Slide 12: East Coast Gas Surat-Bowen
East Coast Gas Surat-Bowen • Adjacent to major LNG feed gas supply locations - Fairview and Spring Gully • 101PJ 3C Contingent Resource 101PJ 3C (NSAI) • Export infrastructure to Gladstone passes through block • LNG operators have exploration acreage adjacent Slide 12
Slide 13: Emerging Gas Province Maryborough Basin
Emerging Gas Province Maryborough Basin • 100% Blue Energy • Petroleum system identified • Large gas potential – Clastic reservoirs – Shale – Coal seam Gas • Strategic location Supply for SE Qld 150km from LNG demand in Gladstone Slide 13
Slide 14: Oil Portfolio
Oil Portfolio • Producing basin Cooper: 5,357km2 Surat: 854km2 Total 6,211km2 (1.53 million acres) • Frontier basin Georgina: 21,300km2 Oil Oil Carpentaria: 8,161km2 Oil Wiso: 48,332km2 Oil Total 84,004km2 (20.7 million acres) Slide 14
Slide 15: Oil Portfolio - Cooper Basin
Oil Portfolio - Cooper Basin • Giant proven natural gas basin; Proven liquids basin • Northern flank plays mirror western flank in SA • Active Operators • STO; SXY; DLS; BPT • Multiple Plays/targets • Permian Gas and Shale play • Jurassic Oil and shale Slide 15
Slide 16: New Frontiers
New Frontiers • Old Australian Basins • Georgina • Wiso • McArthur • Officer • Amadeus • Rodinia supercontinent affinities • Production analogies with Oman and eastern Siberia Source: Modified after USGS Bulletins 2201 C&F; 2146J & 2167. Slide 16
Slide 17: Oil Portfolio - Southern Georgina Basin
Oil Portfolio - Southern Georgina Basin • Proven Petroleum Systems • Both structural and low perm plays • Independent Expert reports • Activity • Statoil/Petrofrontier 5 well program in NT sector • Central/Total 974 km 2D shot; 4 well drilling program 5 well Statoil starting May 2014 drilling progra
Slide 18: Oil Portfolio - Wiso Basin
Oil Portfolio - Wiso Basin • Un-explored Basin • Cambrian and Proterozoic sequence – marine source • McArthur Basin section confirmed to extend into northern parts of Wiso • Oil and gas potential • Blue is Operator • Shale and structural plays • 4 year Farm in work program • G&G studies • Aero mag a
Slide 19: McArthur Basin Extended
McArthur Basin Extended • New seismic data in adjacent permits extends Beetaloo sub-Basin New Seismic data McArthur Basin limits into extends McArthur Basin sequences Blue Acreage • McArthur Super-basin now covers 25% of NT and has huge potential petroleum • Oil shows in old strat core • Blue Energy
Slide 20: Vision & Strategy
Vision & Strategy Strategy Monetization Market LNG Blue Work export Program Strategically Farmdown located Oil Asset &/Or Operate oil and gas Growth Sell gas portfolio Acreage assets Domestic Adjacent Gas Acreage Market Activity Acquire Add Value Monetize Slide 20
Slide 21: Why Blue?
Why Blue? Near Term Value Drivers Activity in frontier basins Gas shortage on East coast and North coast – domestic and LNG Uncontracted Gas Reserves on East Coast Focussed Strategy - Gas and Oil Strategic acreage position in hydrocarbon producing basins Exposure to frontier liquids ba
Slide 22: www.blueenergy.com.au info@blueenergy.com.au
www.blueenergy.com.au info@blueenergy.com.au Slide 22