• NT Government approved Beetaloo Energy’s Beneficial Use of Gas application for the sale of appraisal gas from EP187 
• Beetaloo Energy achieved a Final Investment Decision (FID) on the Carpentaria Pilot Project, with first gas sales from EP187 expected in late 2026 
• Civil works for the Carpentaria Gas Plant commenced in October 2025 and were completed in January 2026. Piling installation will commence in February followed by gas compressor transport to site in April 
• Carpentaria-5H (“C-5H”) achieved strong flow rates with enhanced permeability, underpinning long-term performance 
• Total liquidity at end of the Quarter was $24.8 million comprising $18.0 million in cash and $6.8 million of undrawn funding available under the Macquarie facilities. An additional $30 million under the Macquarie Midstream Infrastructure Facility is expected to become available now that FID has been reached 
• Beetaloo Energy intends to recommence the C-5H flow in late Q1/early Q2

“The December Quarter marked a significant step forward for Beetaloo Energy as the Company progressed toward pilot development and commercialisation. During the quarter, Federal Ministerial approval recognising Traditional Owner consent for the sale of appraisal gas was secured, followed immediately by NT Government approval of the Beneficial Use of Gas application, establishing a clear regulatory pathway to gas sales from EP187.

The Board approved the Final Investment Decision (FID) for the Carpentaria Pilot Project, with first gas sales from EP187 expected in 2026. This decision was supported by the strong performance of the Carpentaria5H well, which achieved one of the highest flow rates recorded in the Beetaloo Basin during flowback1 . Permeability observed across the Carpentaria region indicates higher permeability than previously assumed.

Beetaloo Energy enters the next quarter with key approvals in place, FID achieved, and a clear pathway toward pilot production.

I would like to thank the Beetaloo Energy team along with our partners for their outstanding efforts throughout the year, and our shareholders for their continued support and confidence in Beetaloo Energy. Your commitment and trust have been instrumental as we advance our projects, and I look forward to another year of progress and shared success” ⎯ Alex Underwood, Managing Director

Source: Beetaloo Energy Australia ASX Announcement