Beetaloo Energy Australia (BTL) Investor Presentation summary

Market context and opportunity

• Global LNG demand is rising, with structural supply shortages forecast from 2034, especially in Asia and Europe, driving the need for new supply sources.

• Australian and Asian LNG prices trade at significant premiums to US Henry Hub, enhancing export economics for regional producers.

• East Coast and Northern Territory gas supply deficits are projected from 2028, creating strong domestic market opportunities.

Strategic assets and resource base

• Holds 100% ownership of the largest net acreage in the Beetaloo Basin, with high net revenue interest (~85%).

• Beetaloo Basin is globally significant, estimated to hold over 200 TCF in-place; company controls 1.6 TCF (2C) and >47 TCFe (2U) of LNG-quality gas.

• Carpentaria Project is pilot-ready with a 5 TCF resource and targets first production in 2026.

• Project areas are located across the thickest section of stacked Velkerri Shale reservoirs, enabling up to 4x increase in net effective acres.

Project development and operations

• Carpentaria Pilot Project has delineated >1,739 PJ (1.6 TCF) and achieved commercial flow rates; over 200 horizontal well locations identified in B Shale alone.

• Carpentaria-5H is the longest horizontal shale well and largest hydraulic stimulation in Australia, with 67 stages and advanced logistics.

• Carpentaria Gas Plant (42 TJ/d capacity) acquired and installation is imminent, with pipeline compression to support up to 25 TJ/d during pilot phase.

• High-quality, low CO2 gas with elevated ethane content provides ~10% value uplift and is well-suited for blending with Ichthys LNG supply.