• Carpentaria Gas Plant construction progresses, on schedule for Q4 2026 commissioning
• Carpentaria-5H flow testing achieved 6.9 TJ/day average rate, low decline rates
• Birdum Creek 2D Seismic Survey completed, supporting future drilling plans
• $5.0 million Share Purchase Plan completed, $66.3 million institutional Placement in April
• Territory Sands loan agreement signed for frac sand operation development

Beetaloo Energy Australia Limited's Q2 2026 report highlights substantial advancements in the Carpentaria Pilot Project, including significant progress in the construction of the Carpentaria Gas Plant, which is on track for commissioning in Q4 2026. The project's flow testing for Carpentaria-5H achieved an average rate of 6.9 TJ/day over 30 days, demonstrating low decline rates and reinforcing the company's confidence in the resource quality and development strategy. Additionally, the Birdum Creek 2D Seismic Survey was completed, providing valuable data to support future horizontal drilling and reservoir characterization. The company also finalized a $5.0 million Share Purchase Plan and a $66.3 million institutional Placement completed in April. Furthermore, Beetaloo Energy entered into a long-term loan agreement with Territory Sands to support the development of the first in-basin frac sand operation, which is expected to reduce logistics costs and enhance supply chain security.

Beetaloo Energy Australia Limited Q2 2026 report

Beetaloo Energy is well-positioned to play a leading role in the development of the Beetaloo Basin as a new source of Australian gas supply, with first pilot gas sales expected in Q4 2026.