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03-05-2017, 11:08 AM
#341
Originally Posted by kiwitrev
It's a long game-lots of patience required. Stars starting to align for BUL.
yep looking good to have a good chunk of funds to invest in JUNE as well now with my sections looking like they will settle in JUNE another 400k of BUL would be nice
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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13-06-2017, 11:24 AM
#342
13th June 2017
New Gas Development Plan lodged to unlock
Bowen Basin resources
Brisbane-based oil and gas explorer, Blue Energy Limited (ASX: “BUL”), is
pleased to announce further progress towards unlocking the potential of its large
gas resources in Queensland’s Bowen Basin region.
Blue advises today that an Initial Development Plan and Production Licence
Application has been lodged by the Company’s subsidiary, Eureka Petroleum Pty
Ltd, with the Queensland Government (QDNRM) for the development of the gas
reserves in the Sapphire Block of Blue’s 100% owned ATP814P permit in the
Bowen Basin of central Queensland (Figure 1).
Blue Energy’s Managing Director, Mr John Phillips, said today that the Company’s
proposed development of the Sapphire resource signalled to gas buyers that there
are low cost Australian operating companies with available gas reserves.
“Cooperation amongst gas buyers on the east coast to aggregate meaningful
medium and long-term demand volumes will encourage explorers and small
producers to seek risk capital to restart the exploration and production machinery
and meet the challenges of supplying gas users in an increasingly competitive gas
supply (and price) environment,” Mr Phillips said.
“Government must ensure these projects are progressed with priority and without
delay to ensure local industries are provided with gas in a timely manner and that
jobs are not only preserved but also created,” he said.
Netherland Sewell and Associates (independent Dallas based Reserve certifier)
estimate Blue Energy to currently hold 2P gas reserves of 71 PJ, 298 PJ of 3P gas
reserves and over 3,000 PJ of Contingent Resources in ATP814P.
Mr Phillips said that with construction of the missing gas pipeline link between
Moranbah and Gladstone, Blue’s reserves could be expanded from its very large
contingent resource base (3,000 PJ).
“More reserves can then be developed to meet the medium-term gas shortfalls in
both the Queensland and broader east coast gas markets and help alleviate the
longer term gas shortages being anticipated for Sydney, Melbourne and Adelaide
over the next decade,” he said.
The Bowen Basin is estimated to contain up to 11,000 PJ of discovered Gas
Resources, which is equivalent to 20 years of domestic east coast gas usage.
Mr Phillips said developing the Bowen Basin gas resources represents the fastest
solution to countering growing east coast gas shortfalls, given the area is already
a producing gas basin, with over 300 delineation wells having been drilled to
date to define the resource.
“The expedited connection of this large gas resource with a pipeline to the south
will contribute significantly to bolstering the energy security and gas supply to the
east coast of Australia,” he said.
Contact: + 61 7 3270 8800
John Phillips
Managing Director
Blue Energy Limited
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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14-06-2017, 12:36 PM
#343
credit suisse sydney energy conference today ..... BUL one of the very few with Major Gas resources uncontracted in QLD
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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14-06-2017, 03:27 PM
#344
Member
Originally Posted by JBmurc
credit suisse sydney energy conference today ..... BUL one of the very few with Major Gas resources uncontracted in QLD
All the ingredients falling into place for BUL just needs Federal Govt to get proactive. Other uncontracted gas reserves in Qld held by GLL in Galillee Basin currently stranded just like BUL.
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14-06-2017, 03:33 PM
#345
you certainly get the feeling BUL SP is coiling up for impressive move higher in the 2nd half of the year ....came close to buying more today but might put it off to next week ....was looking like the SP would slip today but some Bidding strength has just appeared of late
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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19-06-2017, 03:40 PM
#346
Member
Elice Flint has done a good job of sitting on the assets and cutting admin costs so we wait for the end game. I know BPT got rid of all their csg assets
ans SXY has had to get an investor with big pockets to get their wells into production. The acreage must be worth alot more than the market cap
but at the moment because of the low oil price there is very little merger and aquisition activity. Santos and ORG have too much debt already to be
distracted but surely JEF must be talking to someone about doing a deal.
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19-06-2017, 06:38 PM
#347
Yes crude oil not a great place to be at the present ...but Aus east coast Gas is looking much more bullish over the short term thanks to stupid Aus Govt allowing the majors to cartel the market >>
http://www.news.com.au/finance/econo...d57453cfca0167
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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20-06-2017, 11:58 AM
#348
HUGE news for BLUE will smash 6c today just about to double my holding to 800k
APA’S MOU WITH BLUE ENERGY TO CONNECT
NORTHERN QUEENSLAND GAS TO MARKET
APA Group (ASX: APA), Australia’s leading energy infrastructure business, is pleased to confirm that it has entered into a
non-binding Memorandum of Understanding (MOU) with Blue Energy Limited (Blue Energy, ASX: BUL) to work together
to facilitate options for the delivery of gas from Blue Energy’s gas resources in the Bowen Basin in north eastern
Queensland, to the east coast gas markets.
APA will work together with Blue Energy to explore the development of new pipeline infrastructure and other related
mid-stream infrastructure required to bring these new gas resources online. Any investment will be subject to the
satisfaction of a number of conditions, including gas resource certification, gas supply and transportation agreements
and final board approvals.
APA’s Managing Director, Mick McCormack said, “As an energy infrastructure provider, APA has been and will
continue to be part of the solution of getting more gas into the market to put downward pressure on the price of gas to
consumers. We continue to work collaboratively with existing and new customers in providing innovative new gas
transportation services, and we are pleased to be working with Blue Energy in their Bowen Basin project. The
interconnected nature of APA’s East Coast Grid enables potential new producers such as Blue Energy, to explore
opportunities to market their gas.”
Today’s announcement builds on APA’s Memorandum of Understanding with Comet Ridge (Comet Ridge, ASX: COI, 11
May 2016) for the development of a pipeline connecting the Galilee Basin to APA’s East Coast Grid. Blue Energy’s
Bowen and Comet Ridge’s Galilee projects have combined material resources to supply the east coast market with
additional resource options bringing more liquidity into the eastern Australian gas market. Developed independently or
symbiotically, these projects would result in the development of approximately 750 kilometres of greenfield transmission
pipeline and compression facilities for a total investment of in the order of $800 million.
“APA’s East Coast Grid is the only one of its kind in the world and enables large and small producers alike to respond to
price signals and get more gas supply to markets across the eastern states. Significant investments like these require
incentives to invest and the certainty of the rules around those investments for both the pipeliner and customers alike.
We look forward to working with all of our stakeholders – customers, community and governments – to bring these
projects to fruition, for the long term benefit of all Australians,” said Mr McCormack.
Nevenka Codevelle
Company Secretary
Australian Pipeline Limited
For further information please contact:
Investor enquiries: Media enquiries:
Yoko Kosugi Patrick Sinclair
Telephone: +61 2 9693 0049 Telephone: +61 2 8079 2969
Mob: +61 438 010 332 Mob: +61 403 708 431
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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20-06-2017, 12:04 PM
#349
Great timing JB, your'e a legend..
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20-06-2017, 12:12 PM
#350
Only wish I got my fill arrgghhhhh looked good till open and all the bastards jumped my 5.8c bid ....still my 400k holding is now up over 10k profit .... APA spending 800mill is just briliiant news I don't know if I should chase it 6.2c or give it time to cool off it it does??
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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