Industry News

1 July 2026

• Carpentaria-5H flow testing is underway with a peak rate of >14 TJ / day, an averagerate of 7 TJ / day and a current rate of ~6.7 TJ / day, a remarkably low rate of decline. The well continues to clean up with decreasing water production, increasing gas to water ratio (“GWR”), increasingly gas-dominated flow and access to a steadily increasing volume of the reservoir
• Beetaloo Energy anticipates an IP30 rate by mid-July.
• Construction of the Carpentaria Gas Plant is proceeding to plan, incident free, on time and on budget
• First gas sales from the Pilot Project remain on track for Q4 2026
• Seismic acquisition has commenced across EP167 and EP168 in the Western Beetaloo.
• Territory Sands and Beetaloo Energy have completed long form documentation to theagreement announced 10th April which will support the development of the first in basin frac sand mine in the Beetaloo Basin
• Beetaloo Energy has met all conditions precedent and made an initial drawdown on the Macquarie Midstream Infrastructure facility
• Cash at bank $63.2 million
• Beetaloo Energy Australia Limited

"Beetaloo Energy is currently in the busiest period of exploration, appraisal and pilot development in its history, with active operations across flow-testing, gas plant construction, seismic acquisition and sand mine investment. We are on track to commence gas sales from the Carpentaria Pilot Project in Q4 2026.

The interim results we are seeing from the Carpentaria-5H flow test are highly encouraging. We have been pleasantly surprised by the very low rate of decline in gas rates while the well continues to clean up. Consistent with other recent wells in the basin, production performance in the Beetaloo Basin appears to differ from analogue basins in the United States which tend to come online at very high rates but with a commensurate rapid decrease in production rates before settling out. If low decline rates continue longer-term, this could have meaningful consequences for higher EUR per well, subject to longer-term well performance data.

Construction of the Carpentaria Gas Plant is continuing to plan with no HSE incidents, on time and on budget.

Seismic acquisition has commenced in EP167 and EP168. This program will allow BTL to delineate optimal drilling locations for future appraisal drilling activities. The Western Beetaloo resource is extremely large, representing multi-decade drilling and production potential, and is optimally located adjacent to road, rail and pipeline infrastructure.

We are pleased to have completed long-form documentation with Territory Sands to support their plans for the delivery of cost-effective sand supply to support stimulation activities for both BTL and other operators across the basin.

With over $63 million cash at bank and $42.5 million in undrawn facilities, the Company is very well funded through this year’s Beetaloo Basin programs."

⎯ Alex Underwood, Managing Director

CARPENTARIA-5H (C-5H)

Flow testing commenced on 11 June 2026. The well opened with an initial gas rate of >14 TJ per day before quickly settling to an average rate since reopening of 7 TJ / day. The well has exhibited a remarkably low rate of decline over the 19 days of testing, with a current flow rate of ~6.7 TJ / day.

The well has been flowing on 56/64” to 64/64” choke settings, which are significantly smaller than the 88/64” choke setting at the equivalent part of the 2025 clean up flow test.

Well cleanup is progressing effectively as flowback water volumes decline. Since reopening, the water rate has dropped from ~1,300 to ~500 barrels per day, with the water rate continuing to fall.

As a result, the gas-water ratio (“GWR”) has steadily climbed to a current ratio of ~11,000 scf / bbl demonstrating an increasingly gas dominated flow regime.

Analysis of the results to date demonstrates that the well is accessing an increasing volume of the reservoir as cleanup continues.

Management remains confident in the previously disclosed recoverable gas (2C) estimate of ~10 PJ1. Preliminary observations provide encouraging upside to this estimate; however further production data will be required before conclusions can be drawn regarding connected reservoir volume and long-term well productivity.

Testing is ongoing and the Company will advise shareholders once the test is complete.

WESTERN BEETALOO - EP167 AND EP168 SEISMIC SURVEY

An approximately 233-line km infill Birdum Creek 2D Seismic Survey has commenced acquisition across the deeper eastern portion of the Gas Discovery Area in EP167 and EP168. This represents the first on ground field program since the leases were acquired from Pangaea Resources in April 2021.

The Birdum Creek 2D seismic survey is designed to infill the existing 2D seismic grid across the resource area previously delineated by exploration and appraisal seismic and wells drilled by Pangaea Resources. The survey targets the same prospective reservoir intervals as the Carpentaria Project but focuses on an area where the Velkerri B Shale is significantly thicker, enhancing its development potential. The line orientation has been optimised to support future horizontal drilling, improve reservoir characterisation, and maximise potential drilling locations.

Seismic acquisition is expected to be completed by the end of July, with data processing and interpretation scheduled for completion during Q3 2026.

The Birdum Creek 2D Seismic Survey is expected to further delineate a resource exceeding 20 TCF and support the development of a multi-decade, LNG-scale drilling inventory strategically positioned adjacent to existing gas pipeline, road, and rail infrastructure.

CARPENTARIA GAS PLANT

Construction of the Carpentaria Gas Plant continues to plan.

There have been no environmental, health or safety incidents to date, demonstrating the professional approach taken by the Beetaloo Energy team and our contactor Wasco.

Construction remains on schedule and on-budget. Commissioning and commencement of Pilot Project gas sales from Carpentaria-2H, Carpentaria-3H and Carpentaria-5H remain on schedule for Q4 2026.

TERRITORY SANDS

Beetaloo Energy (BTL) and Territory Sands have fully executed the loan agreement under which BTL will provide $10.4 million to fund construction and commissioning of Territory Sand's fracture stimulation sand mining project in the Beetaloo Basin near Larrimah in the Northern Territory. Under the agreement with Territory Sands, BTL has priority access to fracture stimulation sand supply from the mine at market competitive pricing. This will significantly reduce the cost of sand supply for future well stimulations, thereby driving improved well economics in larger scale development scenarios.

The first tranche of loan funding to be made available by BTL will fund a deposit for purchase of sand screening equipment being manufactured to Territory Sand's fracture stimulation sand specifications.

MACQUARIE MIDSTREAM INFRASTRUCTURE FACILITY

BTL has satisfied all conditions precedent for drawdown under the Macquarie Midstream Infrastructure Facility and completed an initial drawdown of $2.5 million. Further drawdowns are expected throughout CY2026 as construction of the Carpentaria Pilot Project progresses.

ABOUT BEETALOO ENERGY

Beetaloo Energy holds 28.9 million acres of highly prospective exploration tenements in the McArthur Basin and Beetaloo Sub-basins, Northern Territory. Work undertaken by the Company since 2010 demonstrates that the Eastern depositional Trough of the McArthur Basin, of which the Company holds around 80%, has enormous conventional and unconventional hydrocarbon potential. The Beetaloo Basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is ongoing.

11 June 2026

• All Carpentaria Pilot site civil works are complete, and installation of the Carpentaria Gas Plant is ongoing
• The last two trucks carrying the second compressor unit and the intercooler are in transit from Roma to the Carpentaria site. The Roma yard will be cleared and the lease returned this month
• Gas gathering pipelines are being installed to connect C-2H, C-3H & C-5H to the Carpentaria Gas Plant
• Carpentaria-5H Extended Production Test to commence mid-June Velseis to commence seismic acquisition in Western Beetaloo in late June to delineate future drilling locations within the >20 TCF Western Beetaloo prospective resource area.

“Following the end of the wet season, activity across the Beetaloo Basin has ramped up significantly as we continue progressing towards pilot production from our Carpentaria Pilot Project. Transportation of the Carpentaria Gas Plant and commencement of construction activities marks another important milestone for the Company as we continue building out the infrastructure required to support pilot production operations. In parallel, preparations for the extended production test of Carpentaria-5H are nearing completion, with flow testing expected to commence in the coming weeks. At the same time, we are pleased to be advancing exploration activity in the Western Beetaloo, where upcoming seismic acquisition is expected to further define the scale and quality of the resource opportunity across this highly prospective area. With multiple operational and exploration activities now underway, Beetaloo Energy is continuing to build momentum across the basin as we execute our strategy to unlock the world-class potential of the Beetaloo.”  Alex Underwood, Managing Director.

CARPENTARIA GAS PLANT

Beetaloo Energy is pleased to report that, following a long and intense wet season, the camp at the Carpentaria Pilot Project reopened in May and work on the Carpentaria Gas Plant has ramped up.

The camp currently accommodates approximately 40 personnel working on gas plant construction. At the time of writing the first compressor has been lifted into place and connecting pipe work is progressing. Construction of the gas gathering pipelines to link the gas plant to the three pilot wells is underway. We look forward to updating shareholders as we progress.

CARPENTARIA 5H (C-5H)

Beetaloo Energy expects to recommence the extended production test of C-5H in mid-June subject to final clean up. During clean-up flow testing operations in late 2025, C-5H achieved a peak gas flow rate of 11.2 TJ/day and a 30-day average of 7.1 TJ/day with a day-30 exit rate of 6.3 TJ/day. Installation of expanded water-handling infrastructure to manage water production is complete. 

WESTERN BEETALOO

A 2D seismic survey is planned to commence in June across the Gas Discovery Area between Tarlee S3 and Birdum Creek-1. The same reservoir units as Carpentaria will be targeted, but with significantly thicker B Shale development. Velseis Integrated Seismic Technologies Pty Limited will acquire ~230 km of seismic lines under existing environmental approvals designed to optimise future horizontal well orientation. Land access agreements have now been executed with pastoralists. Clearing for access will commence in mid-June by local company Wildman River Stock Contractors. The program is designed to delineate a >20 TCF resource and build a multi-decade LNG scale drilling inventory strategically located near pipeline, road and rail infrastructure.

This ASX release has been authorised by the Managing Director, Alex Underwood.

Source: ASX news release 

The nation-building Arafura Rare Earths Nolans Project has been declared the first Significant Project under the Territory Coordinator Act, supporting the coordinated delivery of the $1.6 billion development.

Chief Minister Lia Finocchiaro said the project highlighted the critical role the Northern Territory is playing in supporting Australia's economy and national security.

“Nolans is one of the most advanced rare earths projects in the world and will become the first integrated rare earths mine and processing facility of its kind in Australia.

“It will produce the critical minerals needed for advanced manufacturing, defence technologies and the industries that will drive economic growth in the decades ahead.

“As the largest mining investment in Territory history, Nolans will create jobs, support local businesses and attract investment, while helping Australia and its allies secure reliable supplies of critical minerals.

“At a time of growing strategic competition, projects like Nolans show why the Northern Territory matters. We have the resources, the strategic location and the industrial potential to help meet some of Australia's biggest national challenges.

“This project is another example of the Northern Territory delivering for the nation.”

The Territory Coordinator framework ensures proponents have a clear pathway through government while preserving the oversight and accountability Territorians expect.

Territory Coordinator Stuart Knowles said: “This project is the absolute definition of profound economic significance. 

“Nolans is an incredibly complex, world-class undertaking. By integrating mining, multi-stage chemical processing, and rare earth separation on a single site, it represents the exact kind of high-impact project the Act was built to facilitate. 

“As Australia’s first fully integrated ore-to-oxide rare earths facility, this project requires high-level, cross-government coordination to move at pace. 

“This designation ensures government and industry work in lockstep to deliver generational benefits straight to local businesses in Alice Springs and right across the Territory.” 

Arafura Managing Director Darryl Cuzzubbo welcomed the Significant Project designation, saying it showed the Finocchiaro CLP Government understood the vital importance of the Nolans mine in global terms. 

“Over the next ten years or so, demand for rare earths for advanced electronics, robotics and electric vehicles will at least double – and currently 90% of the world’s supply comes from China.” Mr Cuzzubbo said. 

“The reality is that it takes up to 18 years to reach commercial production. At Arafura, we are construction ready thanks to the vision and focus of the CLP Government. We can produce 4,500 tonnes in phase one and 10,000 tonnes in phase two – enough for about 10 million electric vehicles. 

“Importantly, because our operation will go from ore to oxide, we can by-pass the China supply chain and put the Territory and Australia in a world-leading position to supply rare earths to the US, Europe and Asia.” 

The Arafura Nolans Project is the first ever project to be designated a Significant Project under the Territory Coordinator Act 2025. The Northern Marine Complex at East Arm has previously been declared a Territory Development Area under a different provision of the Act. 

Located 135km north of Alice Springs, the integrated and open-cut mine and rare earths processing plant will be the first project of its kind built in Australia. 

Rare earths are critical minerals essential to modern technologies including electrification, robotics and advanced electronics. 

Construction is expected to commence in September 2026. 

Deputy Chief Minister and Minister for Mining and Energy Gerard Maley said the Nolans Project will create hundreds of jobs, drive long-term economic growth for the Territory.

"The Finocchiaro CLP Government is backing projects that grow our economy, create local jobs and unlock the Territory’s enormous resource potential, and today’s announcement is another strong sign the Territory is open for business.”

Arafura Rare Earths announced its Final Investment Decision (FID) on the Nolans project last week. It will produce high purity rare earth oxide products used in the production of permanent magnets, with offtake agreements already in place with the US, Europe and South Korea. 

The Chief Minister said the Significant Project declaration recognised the importance of Nolans to both the Northern Territory and Australia.

“This designation ensures the Territory can take a coordinated, whole-of-government approach to support delivery of this nationally significant project,” she said.

“It gives the Territory Coordinator the ability to work across government agencies to help resolve issues, reduce unnecessary delays and keep this project moving.”

Projects can be declared Significant Projects where they are of major economic importance to the Territory or are complex projects with significant regional benefits.

The Territory Coordinator will consider projects that demonstrate a strong strategic, economic or community benefit and a clear need for coordination under the Act.

Source: Northern Territory Government Newsroom

Highlights

• Tamboran Resources has completed the acquisition of Falcon Oil & Gas Ltd. (Falcon) via the acquisition of its subsidiaries following receipt of final court approval from the Supreme Court of British Columbia.

• Completion of the transaction results in Tamboran holding ~2.8 million net prospective acres, representing the largest acreage position in the Beetaloo Basin depocenter.

• Upon completion of the transaction, Tamboran issued 6,537,503 shares of Common Stock to eligible shareholders of Falcon. Tamboran now has 34,856,412 shares of Common Stock issued including equivalent CHESS Depositary Interests (CDIs) with a pro forma market capitalisation of approximately US$1.2 billion, based on the close of trading on the New York Stock Exchange(NYSE) on Wednesday May 27, 2026.

Tamboran Resources Corporation Chief Executive Officer, Mr. Todd Abbott, said:

“I would like to thank both Falcon and Tamboran shareholders for their strong support and approval of the transaction. This acquisition represents a logical consolidation between the two companies and provides

the combined company with the largest acreage position in the Beetaloo Basin with approximately 2.8

million net prospective acres, which covers the majority of the Beetaloo depocenter.

“Our focus now turns to the 2026 operating program, which is planned to be our most active year of

operations in the Beetaloo Basin, including the drilling of at least four wells and stimulation of at least five.

“Tamboran has commenced the three‑well stimulation program on the SS2 well pad, with the wells

expected to be tied into the Sturt Plateau Compression Facility during the third quarter of 2026. First gas sales from the commissioning of the Pilot Project remain on track for 3Q 2026.”

Source: Tamboran ASX Announcement

Highlights

• The Finocchiaro CLP Government has granted Primary Gold a conditional Deemed Mining Licence for its Mount Bundy Gold project, approximately 100 kilometres south-east from Darwin
• This is a significant milestone, with the project set to become the second-largest gold mine and the Northern Territory’s 10^th operating mine.
•  More than 400 jobs will be created during construction of a worker’s camp, processing facility and gas pipeline to power the mine site.

The Finocchiaro CLP Government has granted Primary Gold a conditional Deemed Mining Licence (DML) for the Mount Bundy Gold Project, located approximately 100km south-east of Darwin, paving the way for what will become the Northern Territory’s tenth operating mine.

The approval marks a significant milestone for the project and reinforces the Territory’s reputation as a world-class destination for resource investment and development.

The Mount Bundy Gold project includes the Rustlers Roost and Quest 29 open pit mining projects, as well as a worker’s camp, processing plant, tailings storage facilities, gas pipeline and associated infrastructure.

Once operational, it will become the second-largest gold mine in the Northern Territory and is expected to have a mine life of approximately 17 years.

The project is expected to create more than 400 jobs during the construction phase, providing a major boost to the Territory economy and supporting local contractors, suppliers and service industries.

It will include construction of a worker’s camp, processing plant and a gas pipeline. The new pipeline will allow the company to source gas for its power requirements via a connection to the existing Amadeus pipeline which runs from Central Australia to Darwin.

Minister for Mining and Energy Gerard Maley said the approval demonstrated the CLP Government’s commitment to rebuilding the Territory economy and backing projects that create local jobs.

“The Mount Bundy Gold Project is another strong vote of confidence in the Northern Territory and our resources sector,” Mr Maley said.

“This project will become the Northern Territory’s tenth operating mine and the second largest gold mine in the Territory, creating hundreds of jobs and delivering long-term economic benefits for Territorians.

“This is exactly the kind of development our government is backing - projects that create jobs, attract investment and drive economic growth across the Territory.”

Mr Maley said the project would also deliver important flow-on opportunities for Territory businesses.

“It is fantastic to see local companies already benefiting, with Darwin business NT Link commencing work on the workers accommodation facilities,” he said.

“From construction and transport to hospitality and maintenance, this project will support jobs and opportunities right across the Territory economy.”

The Mount Bundy Gold Project will further strengthen the Northern Territory’s position as a globally competitive mining and resources jurisdiction.

The mine is expected to commence gold production from Q1 2028.

Dr Mark Yumin QIU, President, MD and CEO of Hong Kong listed Hanking Gold International Limited (03788.HK), parent company of Primary Gold Pty Ltd, said:

“We are delighted to announce the commencement of construction work including roads and the 258-man mine camp following the approval of the DML and satisfaction of relevant conditions.

"Processing plant construction has been planned to commence once the Camp is ready.

"We appreciate the great efforts made by relevant NT government authorities, local specialist advisors and contractors, and our team. 

“The successful development of Mt Bundy is set to benefit all shareholders, it will directly create more than 400 new jobs and is forecast to contribute to the local economy in tax, rates, rents and royalites from this highly profitable long-life gold mine.

"We’ll use our expertise to further grow the gold resource, reserve and gold production to build a sustainable gold operation”. 

Source: Northern Territory Government Newsroom

• The Finocchiaro CLP Government is promoting the Beetaloo Sub-basin at the 2026 Australian Energy Producers Conference, with gas production expected in less than 100 days.
• The Beetaloo project will boost Australia’s energy security, create jobs, attract investment, and strengthen the Territory’s economy.
• Major infrastructure and investment projects are progressing, including the Territory Energy Link, APA’s Sturt Plateau pipeline, and Tamboran’s processing facility, with more gas development planned by other companies later in 2026.

The Finocchiaro CLP Government is taking the Northern Territory’s energy future to the national stage this week at the 2026 Australian Energy Producers (AEP) Conference and Exhibition in Adelaide, as the Beetaloo Sub-basin moves to within 100 days of gas.

The annual conference provides a major opportunity to promote the Territory as a secure, globally competitive energy producer and strengthen relationships with leading explorers, producers and investors.

With gas from the Beetaloo now imminent, the Territory is entering a transformational phase in its energy future, with the Tamboran/Daly Waters Energy Joint Venture expected to deliver 40TJ/day into the Territory gas market.

Chief Minister Lia Finocchiaro said the Beetaloo was one of the most significant economic opportunities in Australia.

“The Beetaloo Sub-basin is not just a Territory opportunity, it is a nation-building project that will strengthen Australia’s energy security and deliver jobs and investment for Territorians,” Mrs Finocchiaro said.

“In our year of growth, certainty and security, we are focused on rebuilding the economy, creating local jobs and restoring confidence in the Territory as a place to invest.

“With gas now only months away, the eyes of the global energy sector are on the Northern Territory, and we are making it clear that the Territory is open for business.

“Recent global instability has reinforced the importance of sovereign energy capability. Developing the Beetaloo will help secure reliable domestic gas supply and reduce reliance on volatile overseas markets.”

As part of the conference, Chief Minister Lia Finocchiaro will host an exclusive industry breakfast to showcase the Beetaloo and the Territory’s strategic advantages to national and international stakeholders.

Minister for Mining and Energy Gerard Maley said the conference highlighted the Territory’s growing momentum as a major energy producer.

“The Finocchiaro CLP Government is backing the resources and energy sector because we know it creates jobs, drives investment and underpins long-term economic growth,” Mr Maley said.

“We are progressing critical enabling infrastructure like the 670-kilometre Territory Energy Link to unlock private investment and strengthen the Territory’s role in Australia’s future energy supply.

“We are also seeing strong investor confidence across the Beetaloo, with APA’s Sturt Plateau pipeline completed, Tamboran’s Shenandoah South processing facility nearing completion, and new investment flowing into local Territory businesses.”

Mr Maley said the Government’s latest acreage release, covering approximately 4,000 square kilometres near existing infrastructure including the Amadeus Gas Pipeline and Stuart Highway, had generated strong industry interest.

“That interest confirms the Beetaloo’s position as a globally competitive gas province and reinforces the Territory’s critical role in supporting Australia’s long-term energy security,” he said.

Additional gas supply is also expected from Beetaloo Energy Australia later this year, while Santos is scheduled to drill three new wells in the Beetaloo from mid-2026.

Source: Northern Territory Government Newsroom 

• The CLP Government is modernising and streamlining the Mineral Titles Act to support investment, jobs and industry growth.

• Exploration licence renewal periods will increase from two years to six years, improving certainty for explorers and investors.

• Recreational fossicking will remain free, protecting a valued Territory lifestyle activity and tourism experience.

The Finocchiaro CLP Government is delivering the most significant reform of the Northern Territory’s mineral titles framework in more than 15 years, introducing legislation to modernise and streamline the Territory’s mining and extractive industries.

The Mineral Titles Legislation Amendment Bill 2026 will reduce red tape, improve regulatory efficiency and provide greater certainty for industry, while maintaining strong environmental and compliance safeguards.

Minister for Mining and Energy Gerard Maley said the reforms were about creating a more efficient system that supports investment, strengthens industry confidence and helps rebuild the Territory economy.

“The mining and resources sector is critical to the Territory economy, and these reforms ensure our regulatory framework is modern, efficient and fit for purpose,” Mr Maley said.

Under the reforms, the initial renewal period for exploration licences will increase from two years to six years, while the requirement to progressively reduce the size of exploration licences during the initial grant period will also be removed.

Importantly, the CLP Government has confirmed recreational fossicking will remain free in the Northern Territory following consultation with the community.

“Fossicking is part of the Territory lifestyle and a popular activity enjoyed by locals and visitors alike,” Mr Maley said.

“We’ve listened to community feedback and made the decision to keep recreational fossicking free of charge.

“Unlike other jurisdictions across Australia, the Territory will continue to support this unique outdoor experience for all generations to enjoy.”

The Bill also includes changes to improve operational flexibility for the extractive industry, including allowing the removal, processing and storage of material between extractive mineral titles.

“These practical reforms will help industry operate more efficiently and support the continued supply of essential construction and infrastructure materials needed to build the Territory,” Mr Maley said.

Complementary amendments to the Environment Protection Act 2019 are also included to improve integration between environmental licensing and mineral titles administration.

The Mineral Titles Act remains a cornerstone of the Territory’s mining industry, regulating mineral tenure across the Northern Territory and supporting the exploration, extraction and processing of minerals and extractive materials.

The reforms form part of the Finocchiaro CLP Government’s commitment to reducing red tape, backing industry and rebuilding the Territory economy.

Source: Northern Territory Government Newsroom 

·         The Finocchiaro CLP Government has passed major legislative reforms to strengthen domestic energy security, drive economic growth and support long-term investment in the Northern Territory.
 

·         The Pipelines and Petroleum Legislation Amendment (Industry Development) Bill 2026 will accelerate development in the Beetaloo Sub-basin.
 

·         The reforms will reduce red tape, improve regulatory certainty, strengthen compliance powers, and ensure the Northern Territory remains globally competitive and investment ready.

The Finocchiaro CLP Government has today passed legislative reforms that will strengthen domestic energy security, support economic diversification, and position the Northern Territory as a globally competitive destination for long-term investment.

The passage of the Pipelines and Petroleum Legislation Amendment (Industry Development) Bill 2026 delivers important amendments to the Energy Pipelines Act 1981, the Petroleum Act 1984 and the Petroleum (Submerged Lands) Act 1981 to support and facilitate gas industry development across the Territory.

The amendments will enable the transmission of carbon dioxide and other regulated substances through all licensed pipelines.

This will allow transmission pipelines to carry substances including carbon dioxide and is critical to current offshore CCS projects being pursued by Santos, INPEX and Vopak through developments at Middle Arm.

Minister for Mining and Energy Gerard Maley said the legislation was about ensuring the Territory remains competitive, investment-ready, and capable of delivering long-term economic growth.

“If we want to strengthen domestic and regional energy security and drive economic development, we must stay globally competitive and continue to build investor confidence in the Territory,” Mr Maley said.

“These are important changes aimed at attracting investment as well as accelerating and diversifying development of the Territory’s world class shale gas play – the Beetaloo Sub-basin.”

“These changes will enable ‘checkerboarding’ ownership of petroleum tenure and provide for an increased pace of development for the Beetaloo.”

In the longer term, the changes will support the transition of the Territory’s pipeline infrastructure from carrying Territory gas alone to also transporting low emission gases and industrial feedstocks including carbon dioxide.

The Bill makes important changes to modernise the Petroleum Act and support transition from exploration to production. The changes update retention licence application processes to encourage investment and support expedited shale gas development, as well as introducing more flexible arrangements for managing retention licences.

In addition, the legislation strengthens the Northern Territory’s ability to regulate licensed pipelines through expanded compliance and enforcement measures.

“To rebuild and grow the Territory’s economy, the NT must stay competitive by anticipating change and responding with timely, fit-for-purpose legislation,” Mr Maley said.

“Collectively these amendments will reduce red tape, modernise the Territory’s regulatory environment, provide certainty for investors, and improve the way we do business to increase the Territory’s competitiveness".

Source: Northern Territory Government Newsroom

• The Northern Territory Government is investing $4 million over two years to strengthen the Territory's position as an investment destination and unlock long-term economic growth.
• The investment will deliver a proactive investor engagement program, including hosting the second NT Investment Summit in Darwin in July 2026.
• In a volatile global environment, the Territory is taking decisive action to maintain momentum and ensure investment leads continue to advance.

The Finocchiaro CLP Government is investing $4 million over two years to keep the Northern Territory firmly on the radar of investors in Australia, South East Asia and the Indo-Pacific ensuring the Territory stays ahead of competing jurisdictions in the global race for investment.

As part of the Government's year of Growth, Certainty and Security, the investment will fund a proactive, in-market engagement program targeting future growth sectors including energy, defence, agriculture, mining and tourism. A key deliverable is the second NT Investment Summit in Darwin in July 2026, bringing together investors, industry, and key decision-makers to connect capital with Territory opportunity.

Minister for Trade, Business and Asian Relations Robyn Cahill said “global competition for investment is intensifying and without continued engagement, we risk investor attention and capital shifting to competing jurisdictions.”

“ The Territory's natural advantages, world-class critical minerals, productive agricultural land, renewable energy potential and unmatched proximity to South East Asian and Indo-Pacific markets give us a compelling proposition and this investment ensures that the world knows exactly what the Territory has to offer”.

Source: Northern Territory Government Newsroom

• The Finocchiaro CLP Government is supporting NT contractors under pressure due to fluctuating global fuel supply costs with short-term adjustments to eligible construction contracts

• Temporary arrangements will apply to invoices paid during March, April and May 2026 and will see fuel-related adjustments calculated monthly, rather than quarterly or annually, using published indices to better reflect real-time market conditions

• The measures aim to keep projects moving, supporting jobs, and making sure the NT's infrastructure pipeline remains deliverable and reliable while maintaining a fair and transparent framework for both Government and industry

The Finocchiaro CLP Government is delivering targeted, practical support to Territory contractors, with a temporary fuel cost escalation measure to help manage recent price volatility and keep critical infrastructure projects moving.

The Department of Logistics and Infrastructure will apply short-term adjustments to eligible construction contracts, recognising the pressures industry is currently facing due to fluctuating global fuel costs.

The temporary arrangements will apply to invoices paid during March, April and May 2026 and will see fuel-related adjustments calculated monthly, rather than quarterly or annually, using published indices to better reflect real-time market conditions.

Minister for Logistics and Infrastructure Bill Yan said the Government had listened to industry and acted.

“We have heard clearly from contractors across the Territory that fuel price volatility is putting real pressure on projects and on businesses,” he said.

“This is a practical, temporary measure that provides additional support where it’s needed, while ensuring we maintain a disciplined and responsible infrastructure program.”

“These measures also make sure we are responsible with taxpayer funds – that’s why this approach is temporary, targeted and fair.”

The measures will be automatically applied to eligible contracts, with no additional administrative burden on contractors.

Importantly, the approach does not change existing contract conditions or risk allocation, maintaining a fair and transparent framework for both Government and industry.

The initiative has been developed in consultation with industry and is supported by key peak bodies, reflecting a shared commitment to maintaining a strong and sustainable construction sector.

Minister Yan emphasised that the measures are temporary, targeted and fiscally responsible, designed to support continuity of delivery while responding to short-term market conditions.

“We are backing our contractors and supporting the industry that delivers for Territorians every day and helps us rebuild the economy,” he said.

“This is about keeping projects moving, supporting jobs, and making sure our infrastructure pipeline remains deliverable and reliable.”

"This is a proactive step providing some short-term relief for industry, while recognising that global fuel market conditions remain volatile and evolving, and their full impact will become clearer over time," he said.

Civil Contractors Federation NT CEO Greg Troughton said his members support the arrangements.

“The relief offered by the Minister today demonstrates a real appreciation of the plight of many civil contractors in the NT at the moment and a willingness to work with industry to find some solutions for a once in a lifetime event such as this,” he said.

Master Builders NT CEO Sallyann Innes acknowledged the CLP’s actions to support industry.

“We recognise the Government has taken steps to improve transparency and consistency in fuel pricing, which is important in a volatile market. These new temporary measures are targeted to Northern Territory Government projects and maintenance contracts," she said.

The Northern Territory Government will continue to monitor market conditions and will provide further advice if impacts persist beyond the temporary period.

More information click here.

Source: Northern Territory Government Newsroom