Article

Blue Energy has progressed its Sapphire gas project in Queensland by advancing environmental approvals and planning for a new appraisal well, while six pilot wells are already producing gas. The company is awaiting decisions from the Queensland government on applications that could expedite development and gas supply, holding a non-binding MOU to supply gas to a local nickel refinery. Additionally, Blue Energy's Greater McArthur Basin work program is currently suspended, with cash reserves of $4.97 million and no debt reported.