Blue Energy Limited · ASX:BLU
Blue Energy — Noosa Mining Conference 2022
14 slides from Blue Energy's conference presentation, Nov 10, 2022
Slide 1: Noosa Mining Conference
For personal use only NOOSA MINING CONFERENCE 10 November 2022
Slide 2: Disclaimer
Disclaimer For personal use only 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 w
Slide 3: Gas Crisis! ...but we've seen this movie before
GAS CRISIS ! ...bUt we’ve seen this movie before For personal use only
Slide 4: Blue Energy presentation: Noosa Mining Conference
Noosa Mining Conierence 201 nesses Blue Energy presentation Oil giants ~ hog gas © for export je project For personal use only
Slide 5: From 2019: Queensland minister calls for new gas pipelines
For personal use only From 2019 Queensland Mines and Energy Minister Dr Anthony Lynham has written to his Federal counterpart today repeating his call in Parliament today for the Federal Government to investigate new gas pipelines from the Galilee and Northern Bowen basins. Dr Lynham said the Austra
Slide 6: Australia facing 'alarming' gas shortfall in 2023
For personal use only Australia facing ‘alarming’ gas shortfall in 2023 as ACCC urges producers to keep supplies onshore The treasurer Jim Chalmers says conditions in the east coast gas market are ‘alarming’ and the government will soon respond to the ACCC’s recommendations. 6
Slide 7: 950,000 East Coast Jobs Rely on Gas
950,000 EAST COAST JOBS RELY ON GAS Fertiliser For personal use only POWER to back FOOD up intermittent renewables INDUSTRIAL Domestic COOKING and Glass making HEATING Brick making Waste Incineration FEEDSTOCK for Plastics Pharmaceuticals Methanol Chemicals 7
Slide 8: The North Bowen Basin has years of domestic gas supply
For personal use only The North Bowen Basin has 30 years of Domestic gas supply Blue is actively appraising and testing new gas supply in the North Bowen Basin Blue raised $20 million in July 2022 for new gas drilling Since July, Blue has drilled 16,111 total metres – 7 laterals + 2 verticals And 8,
Slide 9: North Bowen Basin gas resource and scale
For personal use only • North Bowen has ~15,000 PJ of gas resource – NSAI • 30 years of east coast domestic gas demand • Blue has ~3,000 PJ of the gas resource – NSAI • 8 years of east coast domestic gas demand • Federal and State Govt doing feasibility and commercial studies for pipeline connection
Slide 10: Pilot configuration: modified chevron intercept design
For personal use only The Pilot configuration is a modified chevron intercept design • Approx 75m separation between the two vertical wells. • Two sets of lateral wells intercepting two vertical wells. • Gas will be produced out of the laterals, with water out of the verticals. • Locations are optim
Slide 11: Primary focus: technical drilling program, ATP 814P
Primary Focus: technical drilling program to firm up the North Bowen Basin asset– ATP 814P (100% Blue) For personal use only • Drilled multiple Pilot wells in Sapphire • Production testing the Pilot wells • Establish flow rates • Build 2P reserve base for Origin, Energy Australia and QPM gas supply
Slide 12: Sapphire production testing and gas supply agreements
For personal use only Sapphire production testing will give flow rate data and upgraded 2P reserves This bolsters Gas offtake agreements for Bowen Basin and will underpin the southern pipeline route economics Blue’s current gas supply agreements • Origin Energy and Blue Heads of Agreements for 300
Slide 13: Reserves and contingent resources by permit
For personal use only 1P Permit Block Date Method Certifier 1C (PJ) 2P (PJ) 2C (PJ) 3P (PJ) 3C (PJ) (PJ) ATP854P Whole Permit 22/01/2022 SPE/PRMS NSAI 0 90 0 194 0 398 ATP813P Whole Permit 29/10/2014 SPE/PRMS NSAI 0 0 0 61 0 830 ATP814P Sapphire 14/07/2022 SPE/PRMS NSAI 0 154.3 66.5 213.9 253.2 214.
Slide 14: For personal use only
For personal use only 14