Beetaloo Energy Australia (BTL) Q2 2026 TU earnings summary

Executive summary

• Transitioned from planning to execution with major progress on Carpentaria Gas Plant, on track for Q4 2026 commissioning and first pilot gas sales.

• Carpentaria-5H flow testing achieved strong results, supporting resource estimates and future development.

• Birdum Creek 2D Seismic Survey completed, enhancing future drilling plans across >20 TCF resource area.

• Strengthened supply chain with long-form loan agreements for local frac sand project.

Financial highlights

• Total liquidity at quarter end was $124.9 million, including $63.3 million in cash and $61.5 million undrawn funding.

• $5.0 million raised via Share Purchase Plan, complementing $66.3 million institutional placement.

• 2,338,300 options exercised at 24c per share, generating $561,192 in cash.

Outlook and guidance

• Carpentaria Gas Plant commissioning and first pilot gas sales expected in Q4 2026.

• Seismic data interpretation scheduled for Q3 2026 to inform future horizontal drilling.

• Continued focus on advancing Carpentaria Pilot Project and unlocking broader basin potential.