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Beetaloo Energy Australia Limited (ASX:BTL)

ALERT: Price-sensitive ASX Announcement for BTL
Current share price for BTL : $0.220 -0.04 (-15.38%)+
Announcement
Release
1 Jul 2026 9:02AM
Price at Release
$0.260
Full Release
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Summary
Beetaloo Energy Australia Limited is in a significant exploration and development phase, with ongoing operations in flow testing, gas plant construction, seismic surveying, and sand mine investment. The Carpentaria-5H well is showing promising flow rates with minimal decline, and the Carpentaria Gas Plant construction is progressing on time for its first gas sales in Q4 2026. Seismic acquisition operations are underway in Western Beetaloo, and the company has secured a sand supply agreement with Territory Sands. Financially, Beetaloo Energy is well-positioned with substantial cash reserves and access to additional funding.
Key Points
  • Carpentaria-5H flow test shows peak gas rate >14 TJ/day and current rate ~6.7 TJ/day.
  • The construction of the Carpentaria Gas Plant is on schedule for Q4 2026 gas sales.
  • Seismic acquisition for EP167 and EP168 underway, expected to complete by Q3 2026.
  • Beetaloo Energy entered agreement with Territory Sands for frac sand supply.
  • Initial drawdown on Macquarie Midstream Infrastructure facility completed.
  • Company has $63.2 million cash and $42.5 million undrawn facilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.