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The latest update is out from Empire Energy Group Limited ( (AU:BTL) ).
Beetaloo Energy has reached a Final Investment Decision (FID) for its Carpentaria Pilot Project, marking a significant milestone for the company. This decision follows agreements with the Northern Land Council, receipt of environmental approvals, and a Gas Sales Agreement with the NT Government. The project is expected to enhance energy security and economic prosperity in the Northern Territory and beyond, with gas sales commencing in 2026.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 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 is an exploration company holding 28.9 million acres of exploration tenements in the McArthur Basin and Beetaloo Sub-basins in the Northern Territory, Australia. The company focuses on the exploration and development of both conventional and unconventional hydrocarbons, with significant potential identified in the Eastern depositional Trough of the McArthur Basin and substantial hydrocarbon volumes in the Beetaloo Sub-basin.
Average Trading Volume: 1,397,600
Technical Sentiment Signal: Buy
Current Market Cap: A$347.9M
For a thorough assessment of BTL stock, go to TipRanks’ Stock Analysis page.