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Blue Energy Limited ( (AU:BLU) ) has issued an announcement.
Blue Energy Limited reported progress on environmental data acquisition required for the Environmental Authority at its PL 1034 Sapphire gas development in Queensland and is planning a new appraisal well on the permit, while awaiting Queensland Government decisions on Potential Commercial Area awards over 398 PJ of contingent resources in ATP 854 near Injune. The company framed its operations against a more gas-positive policy and market backdrop, highlighting the Queensland Energy Roadmap’s projection of material growth in gas-fired generation capacity and the World Economic Forum’s emphasis on the need for reliable, dispatchable power to support AI and data centre expansion, trends that underscore the strategic value of its gas resource base for grid reliability and industrial demand on Australia’s east coast.
The most recent analyst rating on (AU:BLU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Blue Energy Limited stock, see the AU:BLU Stock Forecast page.
More about Blue Energy Limited
Blue Energy Limited is an ASX-listed oil and gas explorer and developer focused on natural gas projects in Queensland and the Northern Territory. The company holds 2P gas reserves of 91 PJ and 2C gas resources of 1,617 PJ, has no debt and cash of $4.97 million, and is positioned to supply gas into key east coast markets including areas near the Wallumbilla gas hub.
Technical Sentiment Signal: Sell
Current Market Cap: A$24.1M
See more data about BLU stock on TipRanks’ Stock Analysis page.