Past year: ▲ 79900%(0.35c – 4.00 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2024annual report● Neutral
Financial report for the year to 30 June 2024. Visible text covers only the directors' report, confirming Ellice-Flint as Non-Executive Chairman and Phillips as Managing Director; financial figures are truncated and not visible.
19 Sept 2024annual report● Neutral
Appendix 4G and corporate governance statement accompanying the annual report, dated 17 September 2024. Administrative compliance form with no new substance visible.
13 Sept 2024agm notice● Neutral
Blue will hold its 2024 AGM at 11:00 am on 12 November 2024 in Brisbane. Director nominations close 23 September 2024.
16 Aug 2024admin correction● Neutral
Blue clarifies that the Land Court appeal against the ATP 814 Environmental Authority was lodged by Environmental Advocacy in Central Queensland, represented by the EDO, not by the EDO itself. Appeal status unchanged.
31 July 2024quarterly activities report● Neutral
June 2024 quarter: Sapphire gas rate rising to 0.140 TJ/day; review points to drilling-fluid damage. A native title agreement was executed for the Sapphire PL area, and Wiso Basin seismic processing completed. Land Court appeal continues.
24 July 2024drilling result▼ BadMajor
An independent review found a drilling fluid additive (viscosifier) appears to have damaged the coal at Sapphire, impeding gas flow. Gas is 129 mscfd, below pre-drill expectation and the 200 mscfd Moranbah well average. A low-cost twin re-drill is being considered.
19 June 2024investor presentation● Neutral
MD presentation to the MST Financial Oil & Gas Forum, 19 June 2024. Visible text is only disclaimers and competent person statements; no new figures are visible.
29 Apr 2024quarterly activities report● Neutral
March 2024 quarter: Sapphire pilot gas rate rose to 0.12 TJ/day after restart. QPM says it intends to take Blue's gas via the Moranbah project under the non-binding MOU. Frontier Gas grant outcome still awaited; Land Court appeal continues.
14 Mar 2024half year report● Neutral
Interim report for the half-year to 31 December 2023. Visible text restates the October 2023 Sapphire upgrade (2P 91 PJ, 3P 287 PJ) and the non-binding gas agreements; financial figures are truncated and not visible.
13 Feb 2024material agreement▲ GoodMajor
Blue signed a non-binding Heads of Agreement with AGL for up to 300 PJ over 10 years at Wallumbilla, 20-30 PJ a year, indicative start 2028. Adds to the EnergyAustralia and Origin HOAs, but still no binding gas sales agreement.
31 Jan 2024quarterly activities report● Neutral
December 2023 quarter: cash is $6.65m after the $7.05m rebate and Blue is debt free. Sapphire laterals flare gas at up to 50 mscfd, and testing found potential skin damage on the laterals, with a remedial program under consideration. NT seismic plan approved and Wiso permits suspended and extended; Blue applied for Qld frontier gas grants.
11 Jan 2024capital raising announcement▲ GoodMajor
Blue received a $7.05m R&D tax rebate for FY23 and repaid the $1.951m R&Dium loan from it. Unaudited cash is $6.64m including the rebate. This is non-dilutive funding and leaves Blue debt free.
11 Dec 2023price query● Neutral
ASX queried a rise in Blue's share price from 2.0 cents to 3.1 cents and a volume spike. Blue answered that it knows of no unannounced information or other explanation and is complying with its disclosure obligations.
16 Nov 2023debt financing● NeutralMajor
Blue lodged an R&D rebate claim of up to $7.0m and agreed a bridging facility of up to $1.9m with R&Dium Capital, secured on the rebate. Interest is 1.33% a month rising to 1.58% in 2024, repayable 29 February 2024, with no equity features.
14 Nov 2023director officer appointment● NeutralMajor
Executive Chairman John Ellice-Flint will become Non-Executive Chairman from 1 December 2023 on a $110,000 a year director's fee, and does not intend to stand for re-election at the 2024 AGM. Framed by the company as board succession planning.
14 Nov 2023investor presentation● Neutral
Managing Director's AGM presentation dated 14 November 2023. Visible text is only disclaimers and competent person statements; the rest is truncated, so no new figures are visible.
14 Nov 2023agm notice● Neutral
All resolutions at the 14 November 2023 AGM passed on a poll, except Resolution 3 (Greer's election), which was withdrawn. 1,850,973,596 shares were on issue at the record date.
9 Nov 2023drilling progress report▲ Good
Sapphire cooling motor repairs are complete and the pilot has resumed production testing, already flowing gas as the Sapphire 6V water level is pumped down. Ends the pump-repair delay after the long shut-in; no flow rate was given.
6 Nov 2023director officer appointment▼ Bad
Non-executive director Darren Greer, appointed in August, resigned immediately because his employer's policy changed. The board withdrew his election resolution from the AGM. Short tenure, and the board is down a director again ahead of McCreery's December start.
31 Oct 2023quarterly activities report● Neutral
September 2023 quarter: Sapphire pilot awaits a pump repair due by 3 November before testing resumes. The second R&D claim was lodged, the Origin HOA refreshed, Sapphire reserves lifted and McCreery appointed. Cash is not visible in the truncated text.
27 Oct 2023drilling progress report● Neutral
Clarifies the previous day's update: parts for the Sapphire 6V oil cooling pump arrive 30 October, with repairs expected done by late the following week, after which pumping and production testing can restart.
26 Oct 2023drilling progress report▼ Bad
While preparing to restart Sapphire production testing, an oil cooling motor on the Sapphire 6V pump overheated and tripped, curtailing pumping. Repairs are under way with no restart date given, so the pilot's return to gas flow slips further.
11 Oct 2023resource reserve update▲ GoodMajor
NSAI raised Sapphire Block 2P reserves 36% to 91 PJ and 3P 13% to 287 PJ. Contingent resources rose to 171 PJ 1C, 252 PJ 2C and 256 PJ 3C. This completes the Sapphire reassessment promised in July, and 2P now covers 80% of the QPM 112 PJ MoU volume.
6 Oct 2023director officer appointment▲ Good
John McCreery, a former Shell engineer and Bain energy consultant with M&A experience, will join as non-executive director from 1 December 2023. This starts to fill the board gap left by Deputy Chair Rod Cameron's departure.
4 Oct 2023drilling progress report● Neutral
The Sapphire pressure build-up test continues, with no gas produced and water at 60 barrels a day. Restart, previously targeted for 20 September, is pushed out about a week. A second R&D claim is due to be lodged, and a Land Court review is set for 16 November.
4 Oct 2023material agreement▲ GoodMajor
Blue and Origin refreshed their non-binding Heads of Agreement for up to 300 PJ over 10 years at Wallumbilla, 20-30 PJ a year, indicative start 2027, on terms similar to March 2021. Still non-binding and dependent on a Bowen pipeline being built.
20 Sept 2023regulatory community update▼ BadMajor
Qld Government declined all nine Potential Commercial Area applications over Blue's 100%-owned Galilee ATP 813, where NSAI estimated 838 PJ of 3C resource, saying it was not satisfied production would become viable within 15 years. Blue has 20 business days to appeal and is reviewing.
19 Sept 2023agm notice● Neutral
Blue will hold its 2023 AGM at 10:30am on 14 November 2023 in Brisbane. Director nominations close 26 September 2023, and meeting papers are due in early October. Administrative notice only.
13 Sept 2023admin correction● Neutral
Appendix 4G governance checklist lodged with the annual report, confirming the corporate governance statement is current at 12 September 2023 and available on the company website. Administrative filing with no new business information.
13 Sept 2023annual report● Neutral
Annual financial report for the year to 30 June 2023. Visible text shows the board including new director Darren Greer and a basic loss of 0.08 cents per share versus 0.10 the year before. Financial statements are truncated.
