16 Mar 2018director officer appointment● Neutral
Company Secretary and solicitor Damien Cronin retires after more than ten years' service. Stephen Rodgers, an experienced company secretary, takes over from 17 March 2018. Administrative succession.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2018director officer appointment● Neutral
Re-release of the same notice: Damien Cronin retires as Company Secretary and Stephen Rodgers is appointed from 17 March 2018. No new information.
15 Mar 2018half year report● Neutral
Half-year accounts to 31 December 2017 (text truncated). Reserves unchanged at 71PJ 2P, 298PJ 3P and 3,942PJ 3C; confirms the KOGAS nominee directors resigned 31 October 2017. Financial figures and review conclusion are not in the text shown.
14 Mar 2018investor presentation● Neutral
Brisbane conference presentation pitching the Bowen Basin's ~15,000PJ discovered gas needing a 400km pipeline. Repeats Blue's 298PJ reserves and 3,000PJ resources; no new result.
9 Mar 2018other▲ Good
S&P Dow Jones index announcement, not a Blue release. Blue Energy (BUL) is among additions to the All Ordinaries index effective 19 March 2018. No company news.
12 Jan 2018capital raising announcement▲ GoodMajor
Blue raised about $2.0m net by placing 13,000,000 shares at $0.155 with IFM Investors, via Bell Potter. Funds bolster working capital, following cash of $2.54m at 30 June 2017 and the earlier going-concern uncertainty.
What it means for a shareholder
13.0m new shares at A$0.155 to raise about A$2.0m. That's 1.1% dilution: every existing holder's slice gets 1.1% smaller. If you held A$1,000 of shares (6,452 at the issue price), your slice goes from 0.000559% to 0.000552% of the company. To keep it you'd need 73 more shares - about A$11 at the issue price.
Create a free account to see this worked out for your own holding.
14 Nov 2017investor presentation● Neutral
Managing Director's AGM presentation repeating known figures (71PJ 2P, 298PJ 3P, 3,942PJ 3C) and the APA pipeline MoU. States strategy to monetise Bowen gas and pay a special dividend to shareholders (a stated aim, no amount). No new result.
31 Oct 2017director officer appointment● NeutralMajor
KOGAS nominee director Seungsoo Han and alternate Insu Woo resigned from the board. KOGAS cited difficulty taking part as Blue moves to commercialise gas, given its GLNG JV stake; it will not replace him but remains a significant shareholder.
18 Oct 2017admin correction● Neutral
Computershare notifies that its Brisbane office moves to Level 1, 200 Mary Street from 1 November 2017. Administrative notice about the share registry; nothing for shareholders beyond the new address.
12 Oct 2017other● Neutral
Blue announces an independent research report on it by Breakaway Research, available on its website. The report content is not in the text; no new company information.
4 Oct 2017other● Neutral
Galilee Energy (GLL) investor presentation, not a Blue announcement. Its peer table lists Blue with a market cap of $171.28m, cash $2.54m at 30 June 2017 and 3,942PJ 3C. Little new on Blue itself.
19 Sept 2017annual report● Neutral
Full-year accounts to 30 June 2017 (text truncated). Confirms the board: Ellice-Flint, Phillips, Johnson, Cameron, Han and alternate Woo. Financial results and audit opinion are not in the text shown.
19 Sept 2017admin correction● Neutral
Appendix 4G governance checklist for the year to 30 June 2017, saying the governance statement is on the company website and approved by the board on 19 September 2017. Administrative; no new information.
20 July 2017investor presentation● Neutral
Noosa Mining Conference presentation pitching Blue's 3,000PJ of uncontracted gas amid higher wholesale prices ($12-16/GJ). Names 12-month catalysts: development plan and licence, pipeline agreement, gas sale agreements. Repeats known resource figures; no new result.
20 June 2017material agreement▲ GoodMajor
Blue signed a non-binding MoU with APA Group to negotiate a gas transportation agreement and have APA study a pipeline from the Bowen Basin to southern buyers. It advances Blue's pipeline-link idea; APA may build, own and operate. No binding deal or funding yet.
20 June 2017material agreement● Neutral
APA confirms the non-binding MoU with Blue. Any investment depends on gas resource certification, gas supply and transport agreements and board approvals. APA says Blue's Bowen and Comet Ridge's Galilee pipelines could total about $800m if built. Same event as Blue's own release.
13 June 2017regulatory community update▲ GoodMajor
Blue lodged an Initial Development Plan and Production Licence Application for the Sapphire block of ATP814P (100%) with the Queensland Government. This continues the Sapphire feasibility work; reserves are unchanged at 71PJ 2P and 298PJ 3P. Approval is still pending.
2 May 2017regulatory community update▲ Good
Blue welcomes Queensland's approval of Arrow Energy's Bowen Basin gas export pipeline licence, which would open a route for Blue's ATP814P gas (71PJ 2P, 298PJ 3P). Blue's preferred route differs from Arrow's. No agreement with Arrow is stated.
4 Apr 2017investor presentation● Neutral
April 2017 investor briefing argues Eastern Australia's gas shortage makes Bowen Basin gas the quickest fix. Repeats known figures: ATP814P 71PJ 2P, 298PJ 3P, ~3,000PJ 3C, ATP854P 103PJ. Cash $3.4m at 31 December 2016; market cap ~$60m.
15 Mar 2017half year report▼ BadMajor
EY's review of the half-year to 31 December 2016 finds no non-compliance but adds an emphasis of matter: material uncertainty that may cast significant doubt on Blue's ability to continue as a going concern, given its exploration commitments and cash.
22 Nov 2016investor presentation● Neutral
AGM presentation, November 2016. Cash fell to $3.9m at 1 October 2016 (from $4.6m at 30 June); market cap about $39m. Reserves unchanged at 71PJ 2P, 298PJ 3P, 3,942PJ 3C. Pushes the Bowen gas pipeline-link case; no new result.
31 Oct 2016quarterly activities report▲ GoodMajor
September 2016 quarter. ANZ sold its Blue shareholding, removing the roughly 10% holder long seen as a share price overhang; the Executive Chairman increased his stake. Blue also began marketing ATP854P gas. No gas sale yet.
27 Oct 2016investor presentation● Neutral
October 2016 east coast gas presentation. Pitches the Bowen Basin as the answer to the gas shortage, with Blue holding about 3,100PJ of uncontracted Bowen contingent resource and 838PJ in the Galilee. Repeats known figures; no new result.
25 Oct 2016price query● Neutral
ASX queries a share price move from $0.026 (20 October) to $0.038 on 25 October 2016, with a sharp rise in volume, and asks whether Blue has undisclosed information. The company's response is not in the text shown.
21 Sept 2016admin correction● Neutral
Appendix 4G governance checklist lodged with the annual report, stating the governance statement is on the company website and was approved by the board on 20 September 2016. Administrative; no new information.
20 Sept 2016annual report● Neutral
Full-year accounts to 30 June 2016 (text truncated). Shows the board, including KOGAS nominee Seungsoo Han replacing Choongho Je in May 2016. Financial figures and the audit opinion are not in the text shown.
21 July 2016investor presentation● Neutral
Noosa Mining Conference presentation, July 2016. Cash $4.6m at 30 June; market cap about $27m. Pitches a missing 150km pipeline as the link for Bowen gas. Resource table shows slightly higher figures (72PJ 2P, 301PJ 3P, 3,982PJ 3C) with no explanation in the text shown.
17 May 2016investor presentation● Neutral
May 2016 investor presentation. Repeats 71PJ 2P, 298PJ 3P, 3,942PJ 3C and cash $4.8m. Sets out a strategy of controlling costs, selling gas and growing reserves, plus a China gas demand case. No new result.
5 May 2016director officer appointment● Neutral
KOGAS nominee Seungsoo Han joins the board on 4 May 2016, replacing Choongho Je, who resigned. Han also replaces Je as Kogas Australia's Managing Director. Insu Woo stays as Han's alternate.
10 Mar 2016half year report● Neutral
Text covers only Ernst & Young's independence declaration and review conclusion for the half-year to 31 December 2015. EY found nothing suggesting the report is non-compliant. Financial figures are not in the text shown.