Blue Energy : Operational Update - Sapphire 5V Spudded

About this update from Blue Energy Limited

NATURAL GAS - Reliable, Dispatchable, Sustainable, … ESSENTIAL 13 July 2022 Operational Update - Blue Energy confirms spud of Sapphire 5V in the North Bowen Blue Energy Limited (ASX: BLU, 'Blue') advises that following the delay to operations from unseasonal heavy rainfall in the Moranbah area the Sapphire 5V well in ATP 814 (PL 1034 - Sapphire Block) spudded at 07:30 hours today 13 th July 2022. Blue will be making regular operational updates to inform the market on progress on the well and throughout the pilot appraisal program, and also should any event of significance be forthcoming in the drilling and evaluation activities on the wells. Released by Authority of the Board per: John Phillips Managing Director Blue Energy Limited 1

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