KEY HIGHLIGHTS

• Progressing environmental data acquisition to meet Environmental Authority requirements for PL 1034 (Sapphire) development. The Sapphire Pilot continues to flow gas
• In parallel, planning continues for an additional 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 is mapping out the Deep Permian potential of ATP 854 following the early stage success of the play to the south in the Taroom Trough
• Blue has received draft Instruments from The Queensland Government for the four PCA’s covering ATP 854.
• The Northern Territory Government has granted Blue Energy as Operator of EP’s 200, 205 & 207 in the Northern Territory a suspension of the work program and extension of tenure to February 15, 2027
• Blue has $4.2 million of cash and zero debt
• Global Energy environment highlights fragility of Australian liquid fuel supply and refining capacity and the importance of Australia’s LNG industry to Asian fuel suppliers.

Please click this link to download the report: 31 Mar 26 Quarterly Report