Blue Energy Secures Two Major Gas Blocks in Queensland to Advance Bowen Basin Development

Blue Energy Limited (ASX: BLU) has been awarded two new Potential Commercial Areas (PCA 336 and PCA 337) by the Queensland Department of Natural Resources and Mines. These areas—known as the Lancewood and Central Blocks—lie within the company’s ATP 814 permit in the North Bowen Basin. The underlying exploration permit has also been renewed. Independent assessments by Netherland Sewell & Associates estimate recoverable contingent gas resources at 573 PJ for Lancewood and 469 PJ for Central, representing significant energy assets. These new PCA approvals, granted for a 12-year term, will allow Blue Energy to appraise the fields and work towards Production Licence applications. The award marks a major milestone in expanding the company’s gas development portfolio, positioning it to contribute to future domestic energy supply and potential east coast gas markets.

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