March 2024 Quarterly Activities & Cash Flow Report

By Amiee Lupton | 29/04/2024

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…

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MST Access – More to Blue than Sapphire

By Amiee Lupton | 11/12/2023

Key Points Sapphire pilot testing continues and although it’s a slow process, gas is flowing, reserves have increased and connection to the adjacent gas plant is advancing. Blue has MoU’s to supply 512 PJ into eastern Australia. This is a transformational opportunity, but it’s subject to infrastructure, government support and flow rates. In new news,…

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