• Board of Beetaloo Energy Australia has made a Final Investment Decision for the Carpentaria Pilot Project
• Agreement with Northern Land Council and Traditional Owners to allow for sale of appraisal gas
• Received all NT environmental approvals for the project

Beetaloo Energy Australia Limited has announced that its Board of Directors has made a Final Investment Decision (FID) for the Carpentaria Pilot Project. This landmark decision allows the company to commence gas sales from EP187 in 2026. Beetaloo Energy has already commenced civil construction and upgrade works on the Carpentaria Gas Plant (CGP) using internal capital resources, and the company has also commenced the process to drawdown the Macquarie Midstream Infrastructure Facility announced in November 2024. The FID follows the company's agreement with the Northern Land Council on behalf of the Traditional Owners, the Mambaliya Rrumburriya Wuyaliya Aboriginal Land Trust, covering EP187 to allow for the sale of appraisal gas. Beetaloo Energy has also received all necessary Northern Territory environmental approvals for the Carpentaria Pilot Project, including the construction of the CGP and associated in-field infrastructure, as well as the drilling, completion and tie-in of up to 10 additional wells in EP187. Additionally, the company has a 2024 Gas Sales Agreement with the NT Government and approval for Beneficial Use of Test Gas by the NT Government.

The Beetaloo Sub-basin, in which Beetaloo Energy holds a substantial position, has world-class hydrocarbon volumes in place, and a ramp up in industry activity to appraise substantial discoveries already made by major Australian oil and gas operators is accelerating.