Beetaloo Energy Australia (BTL) Emerging Growth Conference 79 summary

Strategic overview and resource potential

• Holds 100% working interest in 28.9 million acres in the McArthur and Beetaloo Basins, with a market cap of AUD 200 million and AUD 25 million cash on hand.

• Beetaloo Basin contains over 500 TCF of gas in place, equating to 300-400 years of Australia's gas demand; 47 TCF assessed as prospective resource.

• Acreage positions are unusually large, with 29 million acres under lease and 3 million net effective acres in the Beetaloo.

• Signed a 10-year gas sales agreement with the Northern Territory Government and acquired a gas processing facility.

• Focused on demonstrating commercial viability to attract major international investors and move to LNG scale.

Operational progress and technology

• Drilled and flow tested multiple horizontal wells, including Carpentaria-5H, the longest horizontal shale well in Australian history.

• Leveraged US shale technology, increasing casing size and frac horsepower to enhance productivity.

• Plans to install a gas plant and commence gas sales after Traditional Owner sign-off and a major fracture stimulation.

• Pipeline infrastructure is in place, with a 25 MMcf/d pipeline connected to the project.

• Cost reductions expected as operations scale, including local sand sourcing and multi-well drilling efficiencies.

Market dynamics and growth outlook

• Australian gas prices are significantly higher than US prices, with urgent supply needs in the Northern Territory and east coast.

• APA Group plans a major pipeline to connect Beetaloo gas to the east coast, supporting both domestic supply and LNG exports.

• LNG demand in Asia is expected to grow for decades, with Beetaloo strategically located for export to Japan and other markets.

• 2024 milestones include divesting US assets, raising AUD 46 million, securing environmental approvals, and arranging AUD 65 million in financing.

• Near-term goals: successful frac and well test, indigenous sign-off, facility installation, and first gas sales.