Past year: ▲ 79900%(0.35c – 4.00 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 July 2020quarterly activities report▲ Good
June 2020 quarter: cash $4.3m, no debt. Qld granted the first three Potential Commercial Areas in ATP814, a Clough study says gas power in the Nebo area is viable, and Cooper permits are being negotiated to an unnamed energy company, pending Qld approval. No gas sale agreement.
3 July 2020security holder rights change● Neutral
Of 17,785,000 unlisted performance rights, 1,929,758 vested and the rest lapsed because only 50% were entitled to vest. Shares on issue are now 1,328,882,513. Minor administrative change.
30 Apr 2020quarterly activities report● Neutral
March 2020 quarter: cash $4.6m, no debt. Blue is lobbying governments for a Moranbah to Gladstone/Wallumbilla pipeline and has started a pre-feasibility study on Monslatt gas power generation. Townsville gas talks continue unsigned; NT field activity is suspended due to COVID-19.
21 Apr 2020other● Neutral
Blue lodged its updated securities trading policy under Listing Rule 12.10. Administrative document restricting insider and short-term trading by directors and staff; no business information.
10 Mar 2020half year report● Neutral
Half-year to 31 December 2019 report. States no material change in reserves or resources (2P 71PJ, 3P 298PJ, 3C 4,179PJ). Two non-binding Townsville MOUs (NQGP, QPM) in place, with power generation studies continuing. Financial figures not visible in the text.
31 Jan 2020quarterly activities report● Neutral
December 2019 quarter: cash $5.35m, no debt. The APA pipeline MOU was extended to consider a modified southern route, NAIF talks continue, and gas-fired power studies expanded to the Monslatt Block. Still no binding gas sale agreement.
12 Nov 2019material agreement▲ GoodMajor
Blue signed a non-binding MOU with Queensland Pacific Metals to supply gas to its proposed Townsville nickel refinery: indicative 7 PJ a year for 15 years, from the Sapphire Block. A second Townsville buyer after NQGP, but still not a binding gas sale agreement.
12 Nov 2019investor presentation● Neutral
AGM presentation repeating the November investor deck: priorities are Townsville gas sale agreements, power generation in ATP814, a southern pipeline and buyers, and restarting NT exploration. Market cap about $64m. No new information.
12 Nov 2019agm notice● Neutral
All three AGM resolutions passed, including re-election of Karen Johnson and ratification of the 2019 placement. The remuneration report got over 75% support, so no second strike and no spill vote. Shares on issue: 1,326,952,755.
7 Nov 2019investor presentation● Neutral
November 2019 presentation repeating known facts: cash $5.8m, no debt, market cap about $60m, 2P 71PJ, 3P 298PJ, 3C 4,179PJ. Lists catalysts such as gas sale agreements and pipeline funding. No new result.
31 Oct 2019quarterly activities report● Neutral
September 2019 quarter: cash was A$5.8m with zero debt. Blue signed a non-binding MOU with NQGP for Townsville gas, expanded gas sale talks to Townsville and kept investigating a southern pipeline route. Tenure applications were still pending, NT work program activity was suspended until February 2020, and no gas sale agreement was signed.
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 Sept 2019agm notice● Neutral
Blue will hold its 2019 AGM at 10.00am on Tuesday 12 November 2019 in Brisbane. The Notice of Meeting is to be sent in October 2019. Administrative notice only.
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.
31 July 2019quarterly activities report▲ Good
June 2019 quarter. Blue raised $5.6m in June ($4.2m placement plus $1.42m SPP) and held cash of $6.2m at 31 July with no debt. PSL 2037 is now stated as granted; gas sale talks continue, none signed. Scout data on Arrow wells nearby (over 4 mmscfd) is Blue's view, not its own 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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30 Apr 2019quarterly activities report● Neutral
March 2019 quarter. Gas sale talks continue with no contract signed; PSL 2037 awaits government approval. Cash fell to $1.44m at 31 March from $1.78m, with no debt. Highlights the federal Labor $1.5b gas pipeline pledge if elected.
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.
