Beetaloo Energy Advances Carpentaria Pilot After Strong Well Results and Key Approvals

An update from Empire Energy Group Limited ( (AU:BTL) ) is now available.

Beetaloo Energy has secured key federal and Northern Territory approvals enabling the sale of appraisal gas from EP187 and providing a clear regulatory pathway to commercial gas sales from its Beetaloo Basin assets. The board has taken a final investment decision on the Carpentaria Pilot Project, targeting first gas sales in late 2026, supported by strong performance from the Carpentaria-5H well, which delivered one of the highest 30-day average flow rates recorded in the basin and suggests higher-than-expected shale permeability that could enhance gas recovery and project economics. Early civil works for the Carpentaria Gas Plant have been completed, with piling and compressor installation scheduled in the coming months, while the company ended the quarter with $24.8 million in liquidity and expects a further $30 million in funding to be available following FID, underscoring its capacity to advance toward pilot production and strengthen its position in the emerging Beetaloo gas province.

The most recent analyst rating on (AU:BTL) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.

More about Empire Energy Group Limited

Beetaloo Energy Australia Limited is an energy company focused on gas exploration and development in the Northern Territory’s Beetaloo Basin, with its key activities centred on appraisal and pilot production from acreage including EP187. The company is progressing towards commercialisation through the Carpentaria wells and associated midstream infrastructure, targeting future gas sales into regional markets.

Average Trading Volume: 1,525,267

Technical Sentiment Signal: Hold

Current Market Cap: A$311M

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