Blue Energy (BLU) is an evolving oil and gas exploration company with conventional and unconventional (fracking) gas assets in Queensland and the Northern Territory.
Their projects with Authority To Prospect (ATP) permit numbers include: Bowen Basin (ATP814P), Carpentaria Basin (ATP1112A), Galilee Basin (ATP813P), South Georgina Basin ( ATP1114A, ATP1117A, ATP1123A), Surat Basin (ATP854P), Greater McArthur Basin (EP199A, EP200, EP205A, EP206, EP207, EP208A, EP209A,EP210A, EP211A).
One year ASX BLU chart to 9 May 2023
Blue Energy in the news …
Isaac Council wants Blue Energy gas field approval to be revoked
June 2023 – Isaac Regional Council, the council that hosts the highest number of coal mines of any local government in Queensland, wants the state government to “revoke” its recent approval of Blue Energy’s planned 530 coal seam gas wells in the region.
Isaac Regional Council has requested the approval be revoked due to Blue Energy’s lack of social impact assessment, workforce analysis, lack of engagement with the regional council and broader local community, and the likely damage the project would inflict on the region’s roads
Climate wars: Activists move to block 530 coal seam gas wells in Central Queensland
April 2023 – The Bowen Basin is the heartland of Qld’s coal industry but now a small firm has plans to build a gas pipeline extending from Townsville to Gladstone, despite ferocious pushback.
Palaszczuk Government approves 500 gas well project, wants southern states and the feds to pay for pipeline
24 March 2023 – “Blue Energy’s modelling shows more than 19 billion litres of water will be extracted during the two decade life of this proposed gasfield. Fifty-three water bores lie within 10km of this project that farmers rely on for stock and home use.”
The application was not put through a rigorous Environmental Impact Assessment, but a less transparent Environmental Assessment. This means many aspects of the project were not publicly assessed such as the predicted carbon emissions from the project – either onsite or when the gas is burnt. Instead, Blue Energy only addresses emissions from the project in terms of the potential impact on local air quality.
CSG wells and pipeline across Bowen Basin
14 Dec 2022 – A fracking company’s plan to drill more than 1000 CSG wells and lay over 700km of pipelines across Central Queensland must be rejected, according to some community groups.
Blue Energy was sent packing when it tried to frack the fertile farming country of the Wide Bay Burnett region in 2019.
Index of Gas Explorers in Australia
Blue Energy Directors & Management
John Ellice-Flint, Chairman & Executive Director, former CEO and Managing Director of Santos.
John Phillips, Managing Director
Rod Cameron, Deputy Chairman
Mark Hayward, Non-Executive Director
More information including maps is available on Blue Energy’s website.
Bowen Basin ATP814P
71PJ 2P and 298PJ 3P Reserves, Adjacent to Arrow Energy’s Moranbah Gas Project, Planned pipeline to connect to Gladstone/Wallumbilla
| Area | 1,119km² |
| Holding | 100% and Operator |
| Targets | Permian CSG targets: Rangal, Fort Cooper C and Moranbah Coal Measures. |
| Work Completed | Blue Energy CSG wells within the area 300+ Arrow Energy CSG production and pilot wells |
| Infrastructure | Moranbah to Townsville gas pipeline; Proposed Moranbah to Wallumbilla/Gladstone pipeline |
Surat Basin ATP854P
Certified 3C Contingent Gas Resource (398 PJ), Significant CSG development in adjacent permits, Conventional oil and gas opportunities
| Area | 771km² |
| Holding | 100% |
| Targets | Permian Bandanna Coal Measures, Jurassic Walloon Coal Measures, Conventional Jurassic Oil (Precipice Sandstone) |
| Work Completed | Oil exploration well, CSG core hole drilling program |
| Infrastructure | Close to gas pipeline infrastructure |
Galilee Basin ATP813P
838 PJ Contingent Resource, Adjacent Operators de-risking the CSG play, Focus basin for the Federal Government for new East Coast gas supply
| Area | 2,055km² |
| Holding | 100% |
| Targets | Aramac Coal Measures, Betts Creek Beds |
| Work Completed | 6 core wells |
| Infrastructure | 70km from the Barcaldine power station |
Carpentaria Basin ATP1112A
Significant industry capital expenditure committed to explore the region, Other explorers ‘de-risking’ the basin, Native title discussions underway to secure permit award
| Area | 7,996km² |
| Holding | Preferred Tenderer at 100% |
| Targets | Jurassic and Proterozoic/Cambrian sections |
| Work Completed | None to date – application areas |
| Infrastructure | No infrastructure within the application area |
ATP1112A is located in the Carpentaria Basin of North Western Queensland. It is located south of the Gulf of Carpentaria region and approximately 40km west of Normanton.
The area has had little exploration seismic or drilling. The focus will be on delineating the prospective marine shale facies for shale gas and oil potential. Early Cretaceous sandstones sealed by the mid Cretaceous mudstones within the Carpentaria Basin provide excellent reservoir potential.
South Georgina Basin ATP1114A, ATP1117A, ATP1123A
Significant acreage position, Cambrian oil play potential
| Area | 21,351km² |
| Holding | Preferred Tenderer at 100% |
| Targets | Cambrian-aged Arthur Creek “Hot Shale” Formation, Thorntonia Limestone, Steamboat Sandstone |
| Work Completed | None to date – application areas |
| Infrastructure | Gas pipeline to Mt Isa |
Greater McArthur Basin EP199A, EP200, EP205A, EP206, EP207, EP208A, EP209A,EP210A, EP211A
9 contiguous blocks, oil and gas potential, Blue Energy is Operator
| Area | 111,887km² |
| Holding | 50% (post farm in) |
| Targets | Cambrian Shale sequence, Cambrian carbonate and clastic sequences, Proterozoic section |
| Work Completed | Completed a regional gravity and aeromagnetic mapping project to understand the basin architecture |
| Infrastructure | Mereenie-Darwin Gas Pipleline, Alice Springs – Darwin Rail line |
Top 20 Holders of ORDINARY FULLY PAID SHARES as of 8th March 2023
| Rank | Name | Units | % Units |
| 1. | JEACH PTY LTD | 125,772,734 | 6.80 |
| 2. | UBS NOMINEES PTY LTD | 79,701,935 | 4.31 |
| 3. | NATIONAL NOMINEES LIMITED | 69,061,111 | 3.73 |
| 4. | NETWEALTH INVESTMENTS LIMITED | 44,850,444 | 2.42 |
| 5. | GIRDIS SUPERANNUATION PTY LTD | 42,812,065 | 2.31 |
| 6. | HORRIE PTY LTD | 34,418,667 | 1.86 |
| 7. | CITICORP NOMINEES PTY LIMITED | 33,439,682 | 1.81 |
| 8. | GEOTECH RESOURCES PTY LTD | 31,229,574 | 1.69 |
| 9. | 2INVEST AG | 24,032,259 | 1.30 |
| 10. | ROSSDALE SUPERANNUATION PTY LTD | 23,780,000 | 1.28 |
| 11. | ROOKHARP CAPITAL PTY LTD | 18,064,517 | 0.98 |
| 12. | NGA PROMOTIONS PTY LTD | 18,000,000 | 0.97 |
| 13. | BETA GAMMA PTY LTD | 17,457,388 | 0.94 |
| 14. | HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED | 16,117,869 | 0.87 |
| 15. | HILLMORTON CUSTODIANS PTY LTD | 15,308,333 | 0.83 |
| 16. | DD LYNCH PTY LTD | 15,000,000 | 0.81 |
| 17. | BART SUPERANNUATION PTY LIMITED | 14,987,420 | 0.81 |
| 18. | MR FREDERICK BART | 14,793,577 | 0.8 |
| 18. | BOTANIC FARM PTY LTD | 14,000,000 | 0.76 |
| 20. | BRAZIL FARMING PTY LTD | 14,000,000 | 0.76 |
| Total Top 20 holders of ORDINARY FULLY PAID SHARES | 666,827,575 | 36.03 | |
| Total Remaining Holders Balance | 1,183,967,959 | 63.97 | |
