KEY HIGHLIGHTS

• Progressing environmental data acquisition to meet Environmental Authority requirements for PL 1034 (Sapphire) development
• In parallel, planning is underway for a new well in PL 1034.
• Blue has 91 PJ of 2P Gas Reserves+ and 1,617 PJ of 2C Gas Resources+ (2P+2C = 1,708 PJ)
• Blue has $4.97 million of cash and zero debt
• Awaiting decision by Qld Government on ATP 854 Potential Commercial Area Awards
• Queensland Energy Roadmap developed by the Queensland Government confirms critical role of gas in the electricity system reliability and firming with up to 2 times growth in capacity.
• Macroeconomic global energy landscape is shifting rapidly to recognise need for more dispatchable electricity – Major global forum highlights the shortcomings of renewable energy in modern economies and the need for more dispatchable electricity

Please click this link to download the report: 31 Dec 25 Quarterly