Why Blue Blue has uncontracted gas on the East Coast Blue is well positioned for the growing supply gap Blue is Operator and in control of its destiny Blue has reserve and resource growth potential Positioned in breaking plays…
Gas crisis Those with gas molecules are positioned for success
Strategic Gas trends Fuel switching gaining momentum - broad scale move away from coal - gas powered vehicles - balance of trade/energy security implications - infrastructure development opportunities Big to Small mini LNG/CNG role…
Blue Well Positioned Company Sector 2P (PJ) Contingent Requirement (PJ) Resources (PJ) BLUE LNG/Dom 55 4,392 uncontracted APLNG LNG 14,091 2,679 10,800 GLNG LNG 5,603 1,202 9,780 QCLNG LNG 10,326 13,700 10,200 Blue well…
East Coast Australian setting 20 yr demand 40,000 PJ Future dom gas demand QCLNG 2 trains online GLNG APLNG Exporting clean gas to the worlds developing economies is a positive story More gas supply needed to…
I t s a b o u t p r i c e a n d v o l u m e Future dom gas demand QCLNG GLNG APLNG Source: Macquarie Research April 2015
and also cost what will it cost to convert contingent resources to proved reserves Blue Energy 10 Small cap gas explorer Surat Basin LNG exporter Cost of production* /Gj Bowen Basin LNG exporter Gippsland Basin producer…
The high cost highway to Gladstone Duplication of infrastructure billions of shareholder value destroyed Schedule driven decisions Competition for labour 3 simultaneous projects Upstream experience substituted with non-upstream…
State of Play Uncontracted 2P & 3P Reserves ASX Code BUL 2P Reserves (NSAI) 55 Pj/Bcf Operatorship and majority equity 3P Reserves (NSAI) 200 Pj/Bcf Diverse portfolio oil and gas 3C Contingent Resource 4,392 Pj/Bcf (NSAI) Material…
Gas Reserves & Resources PJ 36% CAGR for Contingent Resources Reserves and Resources certified by Netherland, Sewell and Associates Inc Low cost and unique reserve and resource growth mechanism
The B lue Por tfolio 4.4 TCF Resource Base
Eastern Gas Province Bowen Basin Blues 3.4TCF Gas Resource Producing basin Coal Seam Gas and Shale Gas Plays Shell/Petrochina Project adjacent Export infrastructure developing Industrial gas demand not being met
Eastern Gas Province Bowen Basin Permian CSG play fairway ATP814P Bowen Basin 100% Blue - Owned and Operated Uncontracted 2P and 3P Reserves Large Contingent Resource base 3.4 TCF NSAI used by Blue and Arrow for reserves
Eastern Gas Province Bowen Basin online ATP814P 2018 Blue surrounded by Arrow development Potential for 4000 wells to be drilled by Arrow Domestic customers also require gas online 2018 Source: Arrow Energy EIS
Developing plays Greater McArthur Basin
D e - risking the NT Significant Farm in Deals Imperial Oil and Gas - AEP 75 million for 80% non-binding LOI Armour Energy AEP up 100 million work program carry for 75% McArthur Basin sequence Non-binding LOI Pangaea EMG…
Corporate run rate Total Overhead 5,000 Continual line item 4,500 review 4,000 '000 Nominal 3,500 Running costs continue to 3,000 2,500 be cut 2,000 1,500 Lowest amongst peers 1,000 500 - 12/13 13/14 14/15 15/16…
Summary Blue is low cost CSG targets are shallow and cost base reflects depth and low pressure setting Main reserve/resource base is close to infrastructure Low corporate run rate Reserve and resource growth is assured and low…
Population drives Energy Demand World population growth Moving 2 billion people out of poverty will require energy As global population grows, so too will energy demand Energy supply will be a mix of sources Cost is a…
Energy consumption grows Global Energy Consumption (million tonnes oil equivalent) BP Statistical Review of World Energy 2015 Fossil fuel cannot be replaced by renewable energy in the short or medium term Renewables (excluding…
Global LNG Setting Source: Chevron March 2015 Global LNG demand to nearly double by 2025 dominant growth in the Pacific Basin Excess Gladstone LNG capacity will go to the spot market over domestic China is fuel switching away from…
Global Reserve Replacement Reserve additions not replacing production Major hydrocarbon companies failing to replace production despite significant CAPEX Material Reserve growth is a driver for M&A
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