Blue Energy shores-up Sapphire block gas reserves to underpin major supply agreements

Blue Energy (ASX: BLU) managing director John Phillips joins Small Caps to discuss the company’s pilot well appraisal program at its Sapphire coal seam gas block within ATP-814 in Queensland’s north Bowen Basin.

A well appraisal program is nearing completion at the block, which is adjacent to Arrow’s Moranbah gas operation, and aims to build reserves to underpin supply agreements with Origin, Energy Australia and QPM.

Blue’s wider ATP-814 permit hosts 3,000PJ in gas resources, which Mr Phillips says is equivalent to eight years’ supply for Australia’s east coast.

Article:
https://smallcaps.com.au/blue-energy-completes-drilling-phase-sapphire-coal-seam-gas-block-production-testing/

For more information on Blue Energy:
https://smallcaps.com.au/stocks/BLU/

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