Beetaloo Energy Australia (BTL) Investor presentation summary

Investment highlights

• Holds 100% interest in approximately 3 million net acres in the Beetaloo Basin, with over 46 TCF prospective and 1.6 TCF contingent gas resources, and less than 1% CO₂ content.

• Five wells drilled, including Carpentaria-5H, which achieved a peak gas flow rate of 11.2 TJ/day during clean-up.

• First gas sales targeted for 2026 via the Carpentaria Pilot Project, with a gas sales agreement secured with the NT Government.

• $30 million midstream infrastructure facility secured with Macquarie Bank to develop the Carpentaria Gas Plant.

• Largest 100% net acreage holder in the Beetaloo and McArthur Basins, with a high net revenue interest of 85-90%.

Strategic relationships and market positioning

• Strategic partnerships with Halliburton and Liberty Oilfield Services for well stimulation and completion.

• Macquarie Bank provides a $65 million financing package, including a $30 million facility for gas plant development.

• APA Group engaged for midstream infrastructure design and early works.

• 10-year binding gas sale agreement with the Northern Territory Government for up to 25 TJ/day.

• Positioned to supply both domestic and Asian LNG markets, leveraging proximity and premium pricing over US Henry Hub.

Project development and operational progress

• Carpentaria Pilot Project targeting up to 25 TJ/day, with first revenue expected in 2026.

• Civil works for the Carpentaria Gas Plant completed in January 2026; installation to commence in Q2 2026.

• EMPs fully approved for additional pilot wells; pipeline compression to increase capacity during pilot phase.

• Carpentaria-5H well demonstrated strong flow rates and improved fracture conductivity, with ongoing clean-up indicating further upside.

• Western Beetaloo work program includes multi-year seismic, drilling, and stimulation, with environmental approvals and land access agreements in place.