Blue Energy Limited · ASX:BLU
Blue Energy — Shareholder Meeting (November 2024)
28 slides from Blue Energy's shareholder meeting presentation, Nov 12, 2024
Slide 1: AGM Presentation
AGM PRESENTATION 12 November 2024
Slide 2: Legals & Listing Rule 5 Disclosure
LEGALS & LISTING RULE 5 DISCLOSURE 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 rel
Slide 3: East Coast Thematic for Gas
EAST COAST THEMATIC FOR GAS 1. Renewable Energy + Gas = Reliable Electricity 2. Traditional gas supply sources are depleting 3. Little to no exploration drilling for gas new supply has occurred in recent years 4. AEMO, ACCC and AER have all flagged the need for more gas supply 5. Every path to lower
Slide 4: Blue Energy Acreage Position
BLUE ENERGY ACREAGE POSITION 4
Slide 5: Focus Areas for Blue
FOCUS AREAS FOR BLUE 1. North Bowen Basin – ATP 814 • Sapphire PL award and connection into the Moranbah Gas Plant • Production testing operations • Work with Qld Govt to progress southern gas pipeline • Defend Land Court appeal lodged by environmental group against the State Govt for granting an En
Slide 6: Blue's Monetisation Strategy
BLUE’s MONETISATION STRATEGY North Bowen Basin Asset (ATP 814) North Queensland gas market ✓ MoU for 112 PJ of gas over 15 years with QPM Sapphire gas resource will utilise existing infrastructure Southern gas market ✓ Heads of Agreements with Origin for 300 PJ of gas over 10 years at Wallumbilla ✓
Slide 7: Focus Areas for Blue: North Bowen Basin
FOCUS AREAS FOR BLUE North Bowen Basin 7
Slide 8: North Bowen Gas Resource – Long Term, Reliable Supply
NORTH BOWEN GAS RESOURCE– LONG TERM, RELIABLE SUPPLY • North Bowen Basin • Has scale - 15,000 PJ recoverable gas resource • Has been de-risked – gas production since 2006 • Has low environmental impact – • Has no Great Artesian Basin aquifers present • Blue has ~3,619 PJ of the gas resource – NSAI •
Slide 9: Sapphire – Initial Development Plan
SAPPHIRE – INITIAL DEVELOPMENT PLAN • The Moranbah Gas Project (MGP) is under new ownership - QPME • QPME Parent needs gas for new build Ni Refinery in Townsville • MoU’s with QPM for gas supply 1. MoU for 7.5 PJ/annum for 15 years = 112 PJ total supply Daily quantity circa 20 TJ/day 2. Gas from pil
Slide 10: Sapphire Pilot – Field Operations
SAPPHIRE PILOT – FIELD OPERATIONS • Field activity continues with production testing of Sapphire 5 and 6 lateral clusters • Maximum rate to date is 150 mscfd and still dewatering • Surface kit maintenance has interrupted latest rate build • Rehabilitation of drill sites is progressing Surface genera
Slide 11: Sapphire – Next Steps
SAPPHIRE – NEXT STEPS • Continue the Sapphire production testing • Defend the Land Court appeal by an environmental group against the State Governments award of an Environmental Authority • Pursue the grant of the Sapphire Production Licence, by the new Qld Government • Work collaboratively to progr
Slide 12: Focus Areas for Blue: Northern Territory
FOCUS AREAS FOR BLUE Northern Territory 12
Slide 13: Northern Territory
NORTHERN TERRITORY Beetaloo/McArthur Basin Carpentaria Basin ‘ Bowen Basin Galilee Basin Y ee 7 4 lease. Bowers ___ Gladstone Eromanga Basin LEGEND [kes Blue Energy Licence —— Gas pipeline Brisbane — Oil & Gas pipeline — Oil pipeline Sedimentary basin Cooper Basin 500m
Slide 14: Northern Territory
NORTHERN TERRITORY A A’ A’ A Proterozoic plays: Roper and McArthur Groups Conventional and shale plays 14
Slide 15: Greater McArthur Acreage Awarded Tenures
GREATER MCARTHUR ACREAGE AWARDED TENURES 15
Slide 16: 2023 2D Regional Seismic Line Locations
2023 2D REGIONAL SEISMIC LINE LOCATIONS 16
Slide 17: Line Location Correlation with Beetaloo
LINE LOCATION CORRELATION WITH BEETALOO (NOTE BLUE’S APPLICATION AREAS IN GREEN) 17
Slide 18: Line Location Correlation with Beetaloo
LINE LOCATION CORRELATION WITH BEETALOO 18
Slide 19: RTS-GA23-NT01 L2D Seismic Line Showing Thick Sediment Package
RTS-GA23-NT01 L2D SEISMIC LINE SHOWING THICK SEDIMENT PACKAGE (SEEBASE COMPARISON) 19
Slide 20: Greater McArthur Basin
GREATER MCARTHUR BASIN • Blue processed the upper 6 seconds of 2023 GA 2D data deep crustal data • A very thick sequence of sedimentary reflectors is apparent on most of the processed GA 23 seismic lines in EP 200, 207 and also can be inferred to continue into applications EP 208, 210, and 209 • Com
Slide 21: Northern Territory Forward Plan
NORTHERN TERRITORY Forward Plan • Complete the interpretation of the new seismic data • Confirm the prospectivity across the larger acreage position • Complete the 2D seismic acquisition program in EP 205 • Seek a Farm in Partner 21
Slide 22: Focus Areas for Blue: Surat Basin Cobalt Project ATP 854
FOCUS AREAS FOR BLUE Surat Basin Cobalt Project ATP 854 22
Slide 23: ATP 854 100% Blue Energy – In the Heart of CSG Gas Fields
ATP 854 100% BLUE ENERGY – IN THE HEART OF CSG GAS FIELDS AND INFRASTRUCTURE 23
Slide 24: The ATP 854 Permian CSG Play
THE ATP 854 PERMIAN CSG PLAY Potential Cobalt production Pilot test wells 24
Slide 25: ATP 854 – Infrastructure Nearby
ATP 854 - 100% BLUE – INFRASTRUCTURE NEARBY Substantial Gas Resource • Independent NSAI assessment (Jan 2022) • ATP854 is a material gas resource – 398 PJ Contingent Resource – Uncontracted + Favourable location • Two gas pipelines passing through the permit with connectivity to both Gladstone and W
Slide 26: Recap - Focus Areas for Blue
RECAP - FOCUS AREAS FOR BLUE 1. North Bowen Basin – ATP 814 • Sapphire PL award and connection into the Moranbah Gas Plant • Production testing operations • Work with Qld Govt to progress southern gas pipeline • Defend Land Court appeal lodged by environmental group against the State Govt for granti
Slide 27: Corporate Reserves and Resources
CORPORATE RESERVES AND RESOURCES 27
Slide 28: Slide 28