Past year: ▲ 79900%(0.35c – 4.00 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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 2018agm notice● Neutral
All resolutions passed at the 13 November 2018 AGM, including director re-elections, performance rights for directors and renewal of takeover provisions. Remuneration report and rights votes drew about a third against. 1,175.8m shares on issue.
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.
31 Oct 2018quarterly activities report● Neutral
September 2018 quarter. Gas sale talks with potential buyers continue, no contract. Blue promotes the Bowen Basin's ~15,000PJ of discovered gas (3,100PJ Blue's) and a ~450km pipeline. Cash fell to $2.2m at 30 September from $2.7m.
29 Oct 2018agm notice● Neutral
Addendum to the AGM notice: the Employee Incentive Rights Plan was omitted from the explanatory memorandum and is now attached. The 13 November meeting includes performance rights for directors, including 18,462,000 and 7,385,000 for John Phillips. Administrative correction.
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.
17 Sept 2018agm notice● Neutral
Blue will hold its 2018 AGM at 11.00am on 13 November 2018 in Brisbane. Notice of meeting to follow in October. Administrative only.
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.
30 Apr 2018quarterly activities report● Neutral
March 2018 quarter. Cash $3.06m at 31 March. Gas sale talks continue with several parties, no contract. Environmental authority upgrade underway for ATP814 licence grant. NT to lift its fracking ban, but exploration is unlikely before the 2019 dry season.
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.
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.
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.
31 Jan 2018quarterly activities report● Neutral
December 2017 quarter. Production licence and PCA applications now cover all of ATP814P (4 PLs plus 3 PCAs), and 9 PCAs were lodged over ATP813P Galilee. Gas sale talks and APA route work continue; no contract signed. IFM placement noted.
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.
25 Oct 2017quarterly activities report▲ Good
September 2017 quarter. A second production licence application, for the Monslatt block of ATP814P, was lodged and accepted by government, alongside Sapphire. Blue and APA continue route and land-access work; sale talks continue with no contract.
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.
