Past year: ▲ 79900%(0.35c – 4.00 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Oct 2019price query● Neutral
ASX queried a rise in Blue's share price (from $0.04 to $0.055) and volume. Blue said it knew of no unannounced information, pointing to a Bell Potter report valuing it at $0.16 and Comet Ridge's Galilee well result. Blue confirmed it complies with Listing Rule 3.1.
9 Oct 2019material agreement● Neutral
Corrected MOU announcement: it is non-binding and with the NQGP companies. NQGP will introduce Blue to Townsville customers, and Blue will seek access to Moranbah Gas Project facilities. Supply would come from the 216PJ 3P Sapphire Block. Corrects the 8 October release.
8 Oct 2019material agreement● Neutral
Re-release of the 8 October MOU announcement with Palisade for Townsville gas supply from the 216PJ 3P Sapphire Block. Content appears identical to the previous release; superseded by the corrected 9 October version.
8 Oct 2019material agreement▲ GoodMajor
Blue announced a non-binding-style MOU with the North Queensland Gas Pipeline owner Palisade to bring gas from the 216PJ 3P Sapphire Block of ATP814P to Townsville. First named market route alongside the southern PSL 2037 option. This version was later corrected.
18 Sept 2019other● Neutral
2019 corporate governance statement. Blue follows most ASX recommendations but not several, including no nomination or audit committee, no majority-independent board, and an executive chairman. Routine compliance disclosure.
18 Sept 2019other● Neutral
Appendix 4G governance checklist lodged with the annual report, pointing to the corporate governance statement. Administrative form with no new information.
17 Sept 2019annual report▼ Bad
Annual financial report for the year to 30 June 2019. Directors unchanged (Ellice-Flint, Phillips, Johnson, Cameron). Basic loss per share was 0.5 cents versus 0.14 cents in 2018; no dividend. Further financial figures not in the visible text.
16 Aug 2019admin correction● Neutral
Amended version of the 14 August presentation. Adds a source for a price graph and a new slide with the ASX Listing Rule 5.25 resource statement. Administrative; no new business information.
14 Aug 2019investor presentation● Neutral
August 2019 presentation repeating known facts: Bowen resource of 3,248PJ, total 3C 4,179PJ, 2P 71PJ, 3P 298PJ, PSL 2037 'recently awarded', and Arrow's nearby wells flowing at 4+ mmcfd. Also mentions gas-fired generation and NT shale exposure. No new result.
12 July 2019capital raising announcement▲ GoodMajor
The share purchase plan closed with $1.42m of applications for 31,555,465 shares at $0.045, with no scale-back. Together with the placement, total raised is $5.6m, against the up-to-$2.5m SPP target.
What it means for a shareholder
31.6m new shares at A$0.045 to raise about A$1.4m. That's 2.4% dilution: every existing holder's slice gets 2.4% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.00172% to 0.00167% of the company. To keep it you'd need 541 more shares - about A$24 at the issue price.
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27 June 2019capital raising announcement● Neutral
Share purchase plan closing date extended to 10 July 2019 from 1 July, after shareholders reported delays receiving offer documents. Price stays $0.045; no other terms changed.
17 June 2019capital raising announcement● Neutral
Offer booklet and application form for the share purchase plan released: eligible holders can apply for up to $15,000 of shares at $0.045, closing 1 July 2019. Administrative follow-up to the 13 June raising.
13 June 2019investor presentation● Neutral
June 2019 conference presentation on the gas supply case and the Bowen Basin, repeating the 4,179PJ total 3C. States PSL 2037 has been 'recently awarded', which updates the earlier 'awaiting approval' position.
13 June 2019capital raising announcement● NeutralMajor
Blue raised $4.2m through an oversubscribed placement of about 93.3m shares at $0.045, a 15.3% discount to the 10-day average price. A share purchase plan of up to $2.5m at the same price follows. Funds go to pipeline studies and licences, following cash falling to $1.44m.
What it means for a shareholder
93.3m new shares at A$0.045 to raise about A$4.2m. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.00189% to 0.00175% of the company. To keep it you'd need 1,763 more shares - about A$79 at the issue price.
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15 Apr 2019admin correction● Neutral
From 15 April 2019 Blue's shares trade under ASX code BLU instead of BUL. Administrative name-code change only.
27 Mar 2019investor presentation● Neutral
Brisbane conference presentation on the global and east coast gas case and the Bowen Basin as a supply solution. Repeats known Blue resource figures; the visible text shows no new Blue result.
14 Mar 2019half year report● Neutral
Half-year accounts to 31 December 2018. Restates the 237PJ Hillalong upgrade (3C 4,179PJ) and ongoing talks with several gas buyers, plus pipeline work with APA and PSL 2037. Four PL applications remain with the regulator. Financial figures not in the visible text.
8 Mar 2019other▼ Bad
S&P index notice: Blue Energy (BUL) is removed from the All Ordinaries effective 18 March 2019, having been added in March 2018. Index change only; the company itself is unchanged.
5 Mar 2019investor presentation● Neutral
March 2019 investor presentation repeating the 237PJ Hillalong upgrade (3C 4,179PJ), the PSL 2037 application, the APA MoU and the east coast gas shortage case. No new result.
28 Feb 2019resource reserve update▲ GoodMajor
NSAI added 237PJ of 3C contingent gas in the Hillalong Block of ATP814P, lifting Blue's total 3C to 4,179PJ (from 3,942PJ). 2P (71PJ) and 3P (298PJ) reserves are unchanged. Adds resource but no sale or pipeline yet.
31 Jan 2019quarterly activities report▼ BadMajor
December 2018 quarter. Blue lodged a pipeline survey licence (PSL 2037) for a route from ATP814 towards Rolleston, and let the Maryborough permits lapse. NT work is suspended to February 2020. Gas sale talks continue; cash $1.78m, no debt.
13 Nov 2018investor presentation● Neutral
AGM presentation on the east coast gas shortage and the case for Bowen Basin gas and ATP814. Argues a pipeline is needed. Repeats known themes; the visible text shows no new Blue result.
16 Oct 2018admin correction● Neutral
Annual corporate governance statement 2018 (truncated). Adopts ASX principles with exceptions, including no majority-independent board, no separate audit or nomination committee, and an executive chairman. Administrative; no new business information.
16 Oct 2018admin correction● Neutral
Appendix 4G governance checklist filed with the annual report, pointing to the corporate governance statement and website. Administrative; no new information.
19 Sept 2018annual report● Neutral
Full-year accounts to 30 June 2018 (text truncated). Shows the directors in office, with the KOGAS nominees resigning 31 October 2017 and Stephen Rodgers as Company Secretary. Financial figures and audit opinion are not in the text shown.
15 Aug 2018price query▼ Bad
ASX queried a fall from $0.094 to $0.067 with heavy volume. Blue said it knew of no undisclosed information and pointed to at least two large shareholders exiting, consistent with the Stanwell and KOGAS sell-down. Confirmed listing rule compliance.
31 July 2018quarterly activities report● NeutralMajor
June 2018 quarter. Long-standing holders Stanwell and KOGAS sold out (150.2m shares, 13.0%), with institutions such as Regal and IFM taking up the stock. Gas sale talks are 'frustratingly slow', no contract. Cash $2.7m at 30 June, down from $3.06m.
19 July 2018investor presentation● Neutral
Noosa conference presentation repeating known reserves and resources and the gas-demand case. Shows cash $3.0m (1 April 2018) and market cap about $115m at 17 July 2018, down from about $159m in May. No new result.
9 May 2018investor presentation● Neutral
May 2018 investor presentation repeating known reserves and resources (71PJ 2P, 298PJ 3P, 3,942PJ 3C), APA MoU and gas-crisis pitch. Cash about $3.0m at 1 April; market cap about $159m. No new result.
18 Apr 2018admin correction● Neutral
Annual corporate governance statement 2017 (truncated), reporting adoption of ASX principles with exceptions, such as no separate audit or nomination committee and a non-independent chairman. Administrative; no new business information.
