Beetaloo Energy is a near‑term NT gas producer with a large, low‑CO₂ Beetaloo Basin resource, three pilot wells drilled and strong C‑5H results underpinning first sales to the NT Government in 2026 under a 10‑year GSA, offering growth‑oriented energy investors early exposure to a potential new domestic and LNG‑linked gas hub.
Beetaloo Energy Australia Limited (ASX:BTL)
BTL
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.280
per share
Offer Size
A$65,000,000
Offer Details
Issue Price (Per Share)
A$0.280
Discount
3.45%
Offer Size
A$65,000,000
Shares Available
232,142,857
Beetaloo Energy Australia Ltd is undertaking an equity raising via a Placement and Share Purchase Plan to raise up to A$65 million via the issuance of approximately 232 million new shares at an issue price of A$0.28 per share.
The Offer consists of:
- An Institutional placement to raise A$60 million via the issuance of approximately 214 million new shares.
- The Company reserves the right to accept oversubscriptions via the Placement up to approximately A$66 million / 236 million new shares.
- Investors participating in the Placement will be allocated New Shares in Tranche 1 exclusively.
- Board has flagged their intention to contribute approximately A$430,000.
- Macquarie has committed to cornerstone participation in the Placement with a A$6 million subscription.
Documents & Downloads
Company Overview
Beetaloo Energy is an ASX‑listed upstream gas company focused on unconventional gas in the Beetaloo Basin (NT), where it holds 100% of ~3 million net effective acres with >46 Tcfe prospective (2U) and >1.6 Tcf contingent (2C) gas resources and low CO₂. It has drilled five wells including Carpentaria‑5H, which recorded 67 frac stages over a 2,955 m horizontal section and one of the basin’s best IP30 rates (7.1 TJ/d), with first gas sales targeted for late 2026 under a 10‑year NT Government offtake and longer‑term plans to grow to ~200 TJ/d domestic supply and ultimately ~1 Bcf/d LNG exports.
Near Term Catalysts
Expected Date
Catalyst
Complete
Ministerial approvals and Final Investment Decision
Q2 2026
Recommence the Carpentaria-5H flow test
Q3 2026
Installation of Carpentaria Gas Plant and tie-in 3 production wells
Q4 2026
Commence Carpentaria Pilot Project gas sales
Carpentaria Project
Beetaloo’s Carpentaria Project has three pilot wells (2H, 3H and 5H), with each new well showing better lateral length, stimulation and flow performance than the last. Carpentaria‑5H is the current standout, with peak rates of 11.2 TJ/day and a 30‑day average of 7.1 TJ/day, and Beetaloo is targeting first gas sales to the NT Government in late 2026 while planning to restart 5H testing in Q2 2026 after upgrading water handling.
Velkerri Shale
Beetaloo’s Velkerri B shale has reservoir properties comparable to the Marcellus in the US, but with thicker, stacked shale intervals that significantly boost resource density and effective acreage. The Carpentaria area hosts over 300 m of stacked shales with more than 160 Bcf per square mile and consistently low‑CO₂, high‑calorific gas, enhancing both scale and gas quality.
Source of Funds
A$
%
Placement
$60.00
46.9%
Upsized Macquarie Midstream Facility (undrawn)
$45.00
35.2%
Cash at hand (2 Apr 2026)
$22.80
17.8%
Total
$127.80
100.0%
Placement
$60.00
46.9%
Upsized Macquarie Midstream Facility (undrawn)
$45.00
35.2%
Cash at hand (2 Apr 2026)
$22.80
17.8%
Total
$127.80
100.0%
Use of Funds
A$
%
Completion of Carpentaria Gas Plant Works
$36.50
28.6%
Additional working capital
$33.00
25.8%
Repayment of Macquarie R&D Facility
$13.00
10.2%
Territory Sands Investment
$10.40
8.1%
Minimum cash balance Macquarie facility
$10.00
7.8%
Corporate G&A
$6.80
5.3%
Future Work Programme Long Lead Items
$4.20
3.3%
NT Operations (to first gas)
$4.00
3.1%
Western Beetaloo Seismic Works
$3.50
2.7%
C-5H Flow Testing
$3.30
2.6%
Costs of Offer
$3.10
2.4%
Total
$127.80
100.0%
Completion of Carpentaria Gas Plant Works
$36.50
28.6%
Additional working capital
$33.00
25.8%
Repayment of Macquarie R&D Facility
$13.00
10.2%
Territory Sands Investment
$10.40
8.1%
Minimum cash balance Macquarie facility
$10.00
7.8%
Corporate G&A
$6.80
5.3%
Future Work Programme Long Lead Items
$4.20
3.3%
NT Operations (to first gas)
$4.00
3.1%
Western Beetaloo Seismic Works
$3.50
2.7%
C-5H Flow Testing
$3.30
2.6%
Costs of Offer
$3.10
2.4%
Total
$127.80
100.0%
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Beetaloo Energy Australia Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Beetaloo Energy Australia Limited.
