Blue Energy shares surged over 57% after announcing a 10-year Queensland gas supply deal with Energy Australia.
The agreement is for annual deliveries of 10PJ and on the ASX BLU stock climbed to 8.8 cents on news of the deal, before settling at 8.2 cents at close on Friday.
Blue’s Managing Director, John Phillips, said: “This is the first such agreement that will allow North Bowen Basin gas to be delivered into the main East Coast domestic market to the south from...