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Beetaloo Energy Australia Limited (ASX:BTL)

ALERT: Price-sensitive ASX Announcement for BTL
Current share price for BTL : $0.255 -0.025 (-8.93%)+
Announcement
Release
13 Jul 2026 8:26AM
Price at Release
$0.280
Full Release
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Summary
Beetaloo Energy Australia Limited announced the results of the Carpentaria-5H IP30 flow test, located in the EP187 tenement in the Northern Territory, where they hold a 100% working interest. The testing commenced on 11 June 2026, achieving a peak gas rate of over 14 TJ/day, stabilizing to an average of 6.9 TJ/day with an exit rate of 6.7 TJ/day over the 30-day period. The well, drilled into the B Shale of the Velkerri Formation, underwent extensive fracture stimulation. The flow test results demonstrated stable production with low decline rates, recovering high-calorific gas, predominantly methane, and approximately 148,500 barrels of flowback fluid. This data will support Beetaloo Energy's transition from exploration to gas production, with plans to tie-in the well for production following the commissioning of the Carpentaria Gas Plant.
Key Points
  • Beetaloo Energy reported on the Carpentaria-5H IP30 flow test results.
  • The well is located in Beetaloo Energy’s EP187 tenement in the Northern Territory.
  • Beetaloo Energy holds a 100% working interest in the Carpentaria-5H well.
  • The IP30 flow testing commenced on 11 June 2026, with a peak rate of >14 TJ/day.
  • The average rate over the 30-day period was 6.9 TJ/day with an exit rate of 6.7 TJ/day.
  • The well exhibited a stable production profile with a low rate of decline.
  • Hydrocarbon phases recovered included high-calorific gas with methane being the dominant component.
  • The well underwent 67 slickwater fracture stimulation stages.
  • Approximately 148,500 barrels of flowback fluid were recovered, representing 27.5% of total injected water.
  • Future development activities will be informed by the production and reservoir performance data obtained.
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.