Beetaloo Energy Australia (BTL) Emerging Growth Conference 81 summary

Project development and operational updates

• Advancing pilot development in the Beetaloo Basin, focusing on transitioning drilled wells, including the recent Carpentaria 5H, into production.

• Carpentaria 5H is the longest horizontal well in the basin, with a 3.3 km section, and is set for the largest fracture stimulation in Australian history this month.

• Increased casing size and optimized well placement aim to maximize productivity using advanced US drilling and fracking technologies.

• Previous wells (Carpentaria 1, 2H, 3H) provided key learnings, with 61 fracture stages trialing various stimulation methods.

• Collaboration with Halliburton and US experts to implement slickwater fracture design for improved results.

Commercial strategy and market outlook

• Signed a 10-year gas sales agreement with the Northern Territory Government to supply an undersupplied local market.

• Pilot project targets up to 25 million cubic feet of gas per day into an existing government-owned pipeline.

• Gas sales expected to commence by year-end or early next year, leveraging strong local gas prices.

• Plans to expand supply to the critically undersupplied Australian East Coast and Asian LNG markets in future phases.

• APA Group is developing a larger pipeline to facilitate significant gas flows to the East Coast, aiming to enhance energy security and reduce prices.

Industry context and forward-looking statements

• Productivity in the Beetaloo Basin is rapidly increasing due to adoption of US shale technologies.

• The basin holds hundreds of trillions of cubic feet of gas, positioning it as a key resource for Australia's LNG export industry.

• Long-term vision includes supporting energy security for Australia and the broader Asian region.

• Ongoing technical learning and optimization are expected to drive further productivity gains.