• Carpentaria-5H well successfully fracture stimulated, the largest in Australian history
• C-5H shut in ahead of IP30 flow testing, initial results encouraging
• Final Investment Decision for Carpentaria Pilot Project pending regulatory approvals
• Company well capitalized with $32.6m in total liquidity

Beetaloo Energy Australia Limited (ASX: BTL) reported on its activities for the quarter ended 30 September 2025. The key highlights include the successful fracture stimulation of the Carpentaria-5H (C-5H) well, which represents the largest fracture stimulation of a petroleum well in Australian history. C-5H has been shut in ahead of the commencement of IP30 flow testing, with initial flowback results described as encouraging. The company is well capitalized with $32.6 million in total liquidity, comprising $27.1 million in cash and $5.5 million in undrawn funding. An additional $30 million under the Macquarie Midstream Infrastructure Facility is expected to become available immediately following the Final Investment Decision (FID) for the Carpentaria Pilot Project. Beetaloo Energy has commenced civil works for the Carpentaria Gas Plant in readiness for FID, which will be sought from the Board once final Ministerial approvals are in place. The company also provided an update on the broader Beetaloo Basin, highlighting key milestones achieved by other operators in the region.

Beetaloo Energy is well-positioned to progress the Carpentaria Pilot Project, with the successful fracture stimulation of the C-5H well representing a significant technical and operational milestone. The company is focused on obtaining the necessary regulatory approvals to reach a Final Investment Decision for the pilot project, which will unlock $30 million in additional funding. Beetaloo Energy remains optimistic about the potential of its Beetaloo Basin assets and the growing industry activity in the region.