QUARTERLY REPORTS
December 2024 Quarterly Activities & Cash Flow Report
KEY HIGHLIGHTS During the quarter the Sapphire 5 and 6 lateral pilot wells continued on production testing but with interruptions in production caused by surface facility maintenance issues (generators). Both Pilots are again running and continue to produce gas at a rate which is building as the dewatering process recommences. The Research and Development tax…
Read MoreDecember 2024 Quarterly Activities & Cash Flow Report
KEY HIGHLIGHTS During the quarter the Sapphire 5 and 6 lateral pilot wells continued on production testing but with interruptions in production caused by surface facility maintenance issues (generators). Both Pilots are again running and continue to produce gas at a rate which is building as the dewatering process recommences. The Research and Development tax…
Read MoreSeptember 2024 Quarterly Activities & Cash Flow Report
KEY HIGHLIGHTS During the quarter the Sapphire 5 and 6 lateral pilot wells continued on production testing with the aggregate gas flow rate for the Sapphire pilot showing an increasing trend to 0.150 TJ/day. The Board has resolved to continue the production testing of the Sapphire Pilot and for the time being has deferred the…
Read MoreSeptember 2024 Quarterly Activities & Cash Flow Report
KEY HIGHLIGHTS During the quarter the Sapphire 5 and 6 lateral pilot wells continued on production testing with the aggregate gas flow rate for the Sapphire pilot showing an increasing trend to 0.150 TJ/day. The Board has resolved to continue the production testing of the Sapphire Pilot and for the time being has deferred the…
Read MoreJune 2024 Quarterly Activities & Cash Flow Report
KEY HIGHLIGHTS Sapphire Pilot Status: The Sapphire 5 and 6 lateral pilot wells continue to be production tested with the aggregate gas flow rate for the Sapphire pilot showing an increasing trend to 0.140 TJ/day. The lower most coal seams remain below the current water level in the vertical wells and so still require dewatering.…
Read MoreMarch 2024 Quarterly Activities & Cash Flow Report
Key Highlights Closing cash balance $5.4m Sapphire 5 lateral pilot wells reinstated, aggregate gas flow rate increased to 0.12TJ/day QPM confirmed intention to take gas Blue makes available for delivery to MGP as per 2023 MOU Awaiting outcome of application for QLD Government’s Frontier Gas Exploration $21 million Grants Program Geoscience Australia regional raw 2D…
Read MoreMarch 2024 Quarterly Activities and Cash Flow Report
Key Highlights Closing cash balance $5.4m Sapphire 5 lateral pilot wells reinstated, aggregate gas flow rate increased to 0.12TJ/day QPM confirmed intention to take gas Blue makes available for delivery to MGP as per 2023 MOU Awaiting outcome of application for QLD Government’s Frontier Gas Exploration $21 million Grants Program Geoscience Australia regional raw 2D…
Read MoreDecember 2023 Quarterly Activities & Cash Flow Report
Dec 23 Quarterly Report
Read MoreDecember 2023 Quarterly Activities & Cash Flow Report
Dec 23 Quarterly Report
Read MoreSeptember 2023 Quarterly Activities & Cash Flow Report
Sep 23 Quarterly Report
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