Blue Energy Limited · ASX:BLU
Blue Energy — EnerCom The Oilservice Conference VI (February 2008)
21 slides from Blue Energy's conference presentation, Feb 22, 2008
Slide 1: Blue Energy: Energy Poised for Success
Blue Energy.... Energy Poised for Success Ray Johnson Jnr. − Chief Operating Officer − Brisbane, Queensland EnerCom, Inc. − The Oilservice Conference VI − San Francisco , CA 15/02/2008 February 22, 2008
Slide 2: Overview
O Overview i • Who is Blue Energy • Wh are our assets Where t • What are our strengths g • Why should we succeed
Slide 3: Blue Energy Limited
Bl EEnergy Li Blue Limited i d Experienced Oil & Gas Board and Management • Nick Stretch – Non Executive Chairman • Sharif Oussa – Non Executive Director • Sandy Beard – Non Executive Director • Bill Highland – Non Executive Director • Brian McGillivray – Executive Director & Company Secretary • Bil
Slide 4: Australian Energy Landscape
Australian i Energy Landscape • Traditional supplier pp of coal to global g markets • Exporter of energy on a global scale in Western Australia through LNG production from major offshore gas fields • CBM displacing conventional gas in Eastern Australian markets • Poised to become an exporter of CBM
Slide 5: Queensland and the Emerging CBM Sector in Australia
Queensland and the Emerging CBM Sector in Australia • Estimated 34 billion CBM Players - Market Capitalisation & Acreage tonnes of coal 80,000 3,200 Km2 Market Cap • Estimated 140 Tscf of 70,000 2,800 gas-in-place 60,000 2,400 Market Capitaalisation ($M's) • Rapid growth in 50,000 2,000 Equity Acrea
Slide 6: Current Queensland CBM Production
Current Queensland CBM Production • Western Bowen Basin <2001 Q Queensland l d CBM P Production d ti – Santos: Fairview & Scotia Fields – Origin: Spring Gully & Peat Fields 70 PJ's • Northern Bowen Basin 2001-2003 60 – Arrow/AGL: CH4 Grosvenor Fields – Anglo Coal: Coal Mine Methane 50 CSG Production
Slide 7: Diversified Asset Portfolio
Diversified Asset Portfolio Onshore Acreage km2 80,000 (Equity Accounted) 70,000 60,000 Equity Acreage - km2 50,000 40,000 30 000 30,000 20,000 10,000 - Arrow Blue Sunshine Sydney QGC Eastern • 27,100 km2 (equity accounted) 2nd largest CBM acreage position • 5600 km2 (equity accounted) onshore Austr
Slide 8: Blue Energy Asset Portfolio
Bl EEnergy A Blue Assett P Portfolio tf li
Slide 9: Blue Energy Offshore Asset Portfolio
Blue Energy Offshore Asset Portfolio PNG G Acreage • Extensive offshore permits in a f ti area frontier • Prospective for large accumulations of oil and gas • Multiple potential play types at variety g p levels,, Paleozoic to of stratigraphic recent • Four individual permits with realistic 1st term
Slide 10: Blue Energy Oil & Gas - PEL 106
Blue Energy Oil & Gas - PEL 106 Operator: Great Artesian Oil & Gas Ltd (GOG) • Paranta Block – 50% WI Cadenza 1 cased and suspended as gas/ condensate discovery discovery, CHPT pending, pending 5 MMscfd & 150 BOPD • Rossco Block – 37.5% WI Rossco 1 declared ggas discovery, y, full scale production t
Slide 11: Blue Energy CBM Portfolio
Blue Energy CBM Portfolio Nine CBM Gas Project Areas • Each located adjacent to existing or planned pipelines and/or electrical transmission infrastructure • Majority located adjacent to existing commercial proven & producing fields– A Arrow/AGL /AGL (CH4),) Santos, S t O Origin, i i Queensland Q l
Slide 12: CBM Project Maturity
CBM P Project j tM Maturity t it Resource (OGIP) Contingent Reserves Prospective Resources Resources Seismic Contracts (Recoverable GIP) Initial Studies Core Wells Development Wells Pilot Wells A l Analogue AAreas Stratigraphic Wells Key infrastructure Observation Wells Value to Shareholders
Slide 13: Blue Energy Development Strategy
Blue Energy Development Strategy 2006-2007 2007 2008 2009 • Acquire • Assemble technical team • Process seismic • Drill additional pilots acreage in Brisbane • Drill D ill core wells ll • Expand data • Third-party • Technical reviews • Drill & test initial pilot • Third-party reviews reviews • Progr
Slide 14: ATP 817P, Bowen Basin
ATP 817P, Bowen Basin • History 2006-2007 – Tenure granted – Internal/External technical reviews – Review seismic – Program planning & strategizing • Strategy 2008 – Drill stratigraphic and core wells – Install pressure monitoring – Drill and test initial pilot wells – Start process of commercializa
Slide 15: ATP 854P, Bowen Basin
ATP 854P, Bowen Basin • History 2007 – Tenure granted – Internal/external technical reviews – Acquired seismic – Program planning & strategizing • Strategy 2008 – Drill stratigraphic and core wells – Install pressure monitoring – Drill and test initial pilot wells – Start process of commercializatio
Slide 16: ATP 818P, Surat Basin
ATP 818P, Surat Basin • History 2006-2007 – Tenure granted – Internal/external technical reviews – Review seismic – Program planning & strategising • Strategy 2008 – Drill stratigraphic and core wells – Install pressure monitoring – Drill and test initial pilot wells – Start process of commercializa
Slide 17: Blue Energy Portfolio
Bl EEnergy P Blue Portfolio f li 2 State/ Basin/Province Permit km Interest Expected Hydrocarbons Country Coal Bed Methane Qld Maryborough ATP613P (Farmin) 388 90% CBM (CBM) Qld Galilee ATP813P 6,193 100% CBM; natural gas; oil Blue Energy Qld North Bowen ATP814P 2,949 100% CBM Equity Share – Qld Bow
Slide 18: Fundamentals for Success
Fundamentals for Success Diversified Asset Base • Large and growing rapidly • Long term tenure (12 years) • Significant portion located in producing CBM Bowen and Surat Basins Market Fundamentals • Market appetite for CBM • Proximity to growing markets/infrastructure for rapid commercialization • Op
Slide 19: A Strategy to Succeed
A Strategy to Succeed • Prioritise exploration based on speed to commercialization - leverage advantageous asset portfolio • Develop team with proven technical and operational capabilities • Blue’s strength is knowing what its people are good at…. – Finding, securing and prioritizing prospective acr
Slide 20: Why We Will Succeed ... Execution
Wh W Why We Will S Succeed d ... EExecution ti • Securing key people who were timely in the development of the CBM sector flagship, Queensland Gas Company (QGC): – Bill Williams: GM Commercial and Finance – Ray Johnson: GM Operations, GM Exploration & Technical – Bruce Anderson: Snr Geologist, Manag
Slide 21: Contacting Blue Energy Limited
C Contacting i Blue Bl Energy E Limited Li i d Principal Office Registered Office 421 Brunswick Street, Suite 15 Level 1, 34 Colin Street Fortitude Valley ,Brisbane, Queensland 4006 West Perth, Western Australia 6005 Australia Australia + 61 7 3332 8800 + 61 8 9217 2230 Management Contacts Brian McG
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