Beetaloo Energy’s financial runway is strengthened as critical infrastructure work begins, accelerating the shift from explorer to producer with first gas targeted for 2026.

The company received a cash refund of A$15.4 million from the Federal Government’s Research and Development tax incentive, including interest, boosting the balance sheet for 2024 activities.

Carpentaria-5H, at 2,900 metres—the longest Beetaloo well drilled to date—achieved peak gas flow of 11.2 terajoules per day, with civil works for the gas plant completed in January.

Roma gas plant refurbishment is complete and under budget, ready for transport to site, with initial truck movements planned this month and diesel procured to mitigate supply chain risk.

A binding agreement to supply gas to the Northern Territory domestic market provides a clear cash-flow path and reduces equity-dilution risk.

Three wells are prepped for tie-in to the Beetaloo pilot, with all major regulatory approvals secured and commissioning expected in the third quarter of 2026 followed by gas sales.

INPEX has farmed into nearby acreage, signaling growing international interest in Beetaloo’s unconventional shale potential.

Beetaloo Energy maintains full ownership and control of its development timeline, giving it flexibility to accelerate to production while peers pursue partnerships.

Refund funds will mainly advance the Carpentaria Gas Plant and related infrastructure, with part allocated to repay a A$65 million Macquarie Bank facility.

The refund also covers 2024 technical expenditures on horizontal drilling, hydraulic stimulation, and shale testing, allowing redeployment toward near-term goals.