• NT Government approved Beetaloo Energy's Beneficial Use of Gas application for sale of appraisal gas from EP187
• Beetaloo Energy achieved Final Investment Decision (FID) on the Carpentaria Pilot Project, with first gas sales expected in late 2026
• Carpentaria-5H well achieved strong flow rates with enhanced permeability, underpinning long-term performance

The December quarter marked a significant step forward for Beetaloo Energy as the company progressed toward pilot development and commercialisation. The company secured Federal and Northern Territory government approvals, including recognition of Traditional Owner consent, enabling the next phase of project development. Building on these approvals, the Board of Beetaloo Energy made a Final Investment Decision (FID) for the Carpentaria Pilot Project. Achieving FID follows the receipt of all required environmental approvals, agreement with Traditional Owners, and approval for Beneficial Use of Test Gas. These milestones provide a clear pathway for the Carpentaria Pilot Project, including the construction of the Carpentaria Gas Plant, the commencement of gas sales, and the drilling and completion of up to 9 additional wells. The Carpentaria-5H well achieved strong flow rates with enhanced permeability, underpinning long-term performance. Beetaloo Energy enters the next quarter with key approvals in place, FID achieved, and a clear pathway toward pilot production.

Beetaloo Energy expects first gas sales from EP187 in late 2026 following the Final Investment Decision on the Carpentaria Pilot Project.

Beetaloo Energy is positioned to progress toward pilot production and commercialisation, while continuing to deliver long-term value for shareholders.