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Blue Energy Limited (ASX:BLU)

ALERT: Price-sensitive ASX Announcement for BLU
Current share price for BLU : $0.003 -0.003 (-45.45%)+
Announcement
Release
30 Apr 2026 2:02PM
Price at Release
$0.006
Full Release
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Summary
Blue Energy Limited reported on its quarterly activities and cash flow for the period ending 31 March 2026. The company is advancing environmental studies for the Sapphire development under PL 1034, where the Sapphire Pilot continues to produce gas. Blue Energy received draft instruments for the award of PCA areas covering ATP 854, holding 398 PJ of Contingent Resources, and is actively mapping the Deep Permian potential in the region. In the Northern Territory, extensions were granted for tenures EP 200, 205, and 207. The company maintains a strong cash position of A$4.21 million with no debt. Total gas reserves and resources are estimated at 1,708 PJ as of June 2025. The report also highlights the global energy landscape's challenges and emphasizes the importance of Australia's LNG industry.
Key Points
  • Blu Energy continues environmental studies for PL 1034 Sapphire development.
  • Sapphire Pilot well continues gas flow and plans for new gas appraisal well are underway.
  • Approval for PCA areas covering ATP 854 with 398 PJ of Contingent Resources.
  • Exploration of Deep Permian potential in ATP 854 is being mapped.
  • Northern Territory Government grants suspensions and extensions for EP 200, 205 & 207.
  • Cash on hand is A$4.21 million with zero debt.
  • Net cash used in operating activities was A$213,000 for the quarter.
  • Total estimated gas reserves and resources as of 30 June 2025 are 1,708 PJ.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.