Blue Energy Limited · ASX:BLU
Blue Energy — Investor Presentation (May 2007)
22 slides from Blue Energy's investor presentation, May 17, 2007
Slide 1: Blue Energy Limited
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Slide 2: Blue Energy Board of Directors
Blue Energy Board of Directors • Norm Zillman - Chairman • Sharif Oussa - Managing Director • Brian McGillivray - Director & Company Secretary 17/05/2007
Slide 3: Blue Energy Capital Structure
Blue Energy Capital Structure • ASX Listed (Code: BUL) • Acquired Asset Portfolio February 2006 • 292 M ordinary shares • 3.65 M convertible notes • $4.6 M financing facility • $2 M cash and liquids • Market Capitalisation of AUD$52 M 17/05/2007
Slide 4: Business Strategy
Blue Energy Business Strategy COAL BED METHANE CONVENTIONAL OTHER Capital Growth via CBM gas OIL & GAS OPPORTUNITIES resource & reserves Early cash flow via identification development & production 32,000 sq km 100% owned PEL 106 Australia and 12 years Cooper Basin, other Queensland South Australia j
Slide 5: Asset Portfolio
Blue Energy Asset Portfolio Conventional Oil & Gas Development and Production PEL 106 Cooper Basin Capital value growth CBM Reserves & Development Conventional Oil & Gas 17/05/2007
Slide 6: CBM Portfolio
Blue Energy CBM Portfolio • SEVEN SEPARATE CBM GAS TENEMENTS • Each located adjacent to reticulation pipelines and electrical transmission infrastructure • Each located adjacent to existing and proven & producing fields (CH4, SANTOS, Origin, QGC & Arrow) • Total area of approx 26,000 sq kms • Blue E
Slide 7: CBM – Bowen ATP 814
CBM – Bowen ATP 814 • Blue Energy 100%, for 12 years • 3,400 sq kms • 30,000 coal core holes, as well as several CBM wells within Blue Energy’s area • 5 seams to be exploited, some the same as those being exploited by Arrow • Highest gas contents in Blue Energy areas • Infrastructure is available -
Slide 8: CBM – Surat/Bowen ATP 817
CBM – Surat/Bowen ATP 817 • Blue Energy 100%, for 12 years • 6,500 sq kms, as 3 separate blocks • 2 new areas comprising 2,900 sq kms complement this project • Significant amounts of existing drill and seismic data available • Significant potential for commercial CBM gas development - at least half
Slide 9: CBM - ATP 817 Seismic
CBM - ATP 817 Seismic 17/05/2007
Slide 10: CBM – Surat Basin ATP 818
CBM – Surat Basin ATP 818 • Blue Energy 100%, for 12 years • 2,308 sq kms • Walloon CBM play • Arrow and QGC in the area, with successful projects producing from the Walloon Coals • Blue Energy will identify 2P technical reserves with the potential of several multi TCF targets • Blue Energy planning
Slide 11: CBM – Maryborough ATP 613
CBM – Maryborough ATP 613 • Farmin with Magellan Petroleum • Blue Energy earning 90% interest • 2 well drill program completed, with 17 metres of net coal intercepted in the previously unexplored Burrum Syncline • Very gassy coals • History of gassy mines • Cretaceous Black Coals • Potential for up
Slide 12: Oil & Gas - PEL 106
Blue Energy Oil & Gas - PEL 106 4 Farmins with Great Artesian Oil and Gas Limited (GOG) Paranta – Blue Energy earning 50% WI in any production license within 3D footprint. Cadenza 1,1 cased and suspended as gas/condensate discovery, CHPT pending, 5 MMcfd & 150 BOPD Rossco – 37.5% WI, declared gas di
Slide 13: SPINEL - PEL 106
Blue Energy SPINEL - PEL 106 Potential for discovering multiple large gas condensate “Raven” look-alikes, and large stratigraphic traps • Oil Potential in northwest • 15 existing multiple targets identified within Blue Energy area • Expect targets to be high-graded with 3D seismic coverage • 5 recen
Slide 14: PEL 106 seismic lines March 2007
PEL 106 seismic17/05/2007 lines March 2007
Slide 15: PEL 106 Seismic
blueenergy limited PEL 106 Seismic
Slide 16: PEL 106 Seismic
17/05/2007 PEL 106 Seismic
Slide 17: PEL 106 Seismic
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Slide 18: PEL 106 Seismic Vibroseis
17/05/2007 PEL 106 Seismic virboseis
Slide 19: PEL 106
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Slide 20: Oil & Gas - PEL 106
Blue Energy Oil & Gas - PEL 106 • Blue Energy has already participated in 3 gas and condensate discoveries • 360 sq kms SPINEL 3D seismic completed and interpretation commenced • 4 additional wells are committed to earn 50% WI in Spinel block • 15 targets • Target potential of 50 – 200 BCF of gas an
Slide 21: Portfolio
Blue Energy Portfolio State Basin Permit Km2 Interest Expected Hydrocarbons 1 Qld Galilee ATP813P 6,240 100% CBM gas; natural gas; oil 2 Qld North Bowen ATP814P 3,440 100% CBM gas 3 Qld Bowen/Surat ATP854P 1,264 100% CBM gas; natural gas 4 Qld Bowen/Surat ATP859P 1,600 100% CBM gas; natural gas 5 Ql
Slide 22: Cadenza 1 - PEL 106
Cadenza 1 - PEL 106 17/05/2007