• Carpentaria-5H IP30 flow test was completed, achieving a peak flow rate exceeding 14 TJ/day, a 30-day average of 6.9 TJ/day and an exit rate of 6.7 TJ/day, demonstrating sustained gas production performance.

• Construction of the Carpentaria Gas Plant continued to progress, with the Carpentaria Pilot Project tracking on schedule and budget for commissioning in Q4 2026.

• Acquisition of the 236-kilometre Western Beetaloo Birdum Creek 2D Seismic Survey was completed across EP167 and EP168 to support future horizontal well planning.

• Beetaloo Digital was launched following the Northern Territory Government's grant of exclusivity over approximately 185 hectares at Weddell for a proposed integrated gas-to-power and data centre development.

• Non-binding Memoranda of Understanding were signed with Halliburton and Australian Gas Infrastructure Group to progress technical and infrastructure assessments for the proposed Beetaloo Digital development.

• The Company received its FY2025 Research and Development Tax Incentive refund during the quarter, comprising $19.4 million in rebate including interest, further strengthening liquidity during the quarter.

• Total liquidity at the end of the Quarter was $113.2 million comprising $51.7 million in cash and $61.5 million in undrawn financing facilities. 

To view the full ASX announcement, click here. 

Source: Beetaloo Energy Australia