Beetaloo Energy Australia Limited · ASX:BTL
Beetaloo Energy Australia — Investor Presentation (April 2026)
38 slides from Beetaloo Energy Australia's investor presentation, Apr 10, 2026
Slide 1: Investor Presentation
Investor Presentation April 2026
Slide 2: Disclaimer
Disclaimer This presentation is dated 10 April 2026 and has been prepared by Beetaloo Energy Australia Limited (“Beetaloo Energy” or the Company”) in relation to a non-underwritten placement of shares in Beetaloo Energy (“New Shares”) to certain wholesale and sophisticated investors (“Placement”) an
Slide 3: Disclaimer
Disclaimer Future performance and forward-looking statements This presentation contains statements, opinions, projections, forecasts, and other material (“forward looking statements”). These statements can be identified by the use of words like ‘anticipate’, ‘believe’, ‘intend’, ‘estimate’, ‘expect’
Slide 4: Disclaimer
Disclaimer Estimates The estimates of Contingent and Prospective Resources in the Northern Territory were prepared in accordance with the SPE-PRMS guidelines and are based on, and fairly represent, information and supporting documentation under the supervision of Geoscientist Dr Alex Bruce, Chief Ge
Slide 5: Investment Overview
Investment Overview Beetaloo Energy is unlocking a world-class gas resource to supply domestic & international gas markets Substantial Gas Resource in Beetaloo Basin ~3 million ac Holds 100% interest in ~3 million net effective Beetaloo acres containing >46 TCFe 2U resource and >1.6 TCF 2C resource
Slide 6: Introduction
Introduction Beetaloo Energy is an ASX-listed upstream gas company focused on appraising and developing unconventional gas resources of the Beetaloo Basin in the Northern Territory, Australia NT Government Mid-Process Beetaloo Energy Australia Limited 6
Slide 7: Beetaloo Energy Value Catalysts
Beetaloo Energy Value Catalysts Strategic Vision Value Proposition Phase 1 Carpentaria Pilot Project Largest 100%-owned acreage position across the Beetaloo • Up to 25 TJ/d and McArthur Basins • Targeting first revenue in 2026 Simple royalty regime with High Net Revenue Interest of Key Near Term
Slide 8: Corporate Snapshot
Corporate Snapshot Capital Structure (7 Apr 2026) BTL 12-Month Share Price & Volume (7 Apr 2026) Shares on Issue1 1,247.4M 30 0.40 In the Money Options2 (exercisable at A$0.24/share) 99.8M 0.30 20 Volume (m) Price (A$) Share Price A$0.345 0.20 Market cap A$430.3M 10 0.10 Debt (6 Apr 2026) 3 A$27.3M
Slide 9: International and Domestic Gas Supply Deficit Looming
International and Domestic Gas Supply Deficit Looming A structural supply gap is emerging across both international and domestic markets Shell Global LNG Demand Outlook, mtpa1 Southern States AEMO Supply Forecast, PJ p.a.2 Increasing reliance on gas flow 400 from the North (QLD & NT 350 including th
Slide 10: Beetaloo Strategically Located Near Asian LNG Markets
Beetaloo Strategically Located Near Asian LNG Markets Australian domestic gas and Asian LNG indices trade at multiples of US Henry Hub prices LNG Tanker Sailing Days to Tokyo Bay1 Gas Market Reference Prices, US$/MMBtu 12.76 3.85 6.73 2.88 US Henry Hub² Premium to Wallumbilla Hub Wallumbilla LNG Hen
Slide 11: Expanding Connections to Market for Large Gas Volumes
Expanding Connections to Market for Large Gas Volumes Access to Darwin and East Coast LNG processing and export facilities Darwin LNG: single train LNG facility GLNG: two train LNG facility Capacity: 3.7 mtpa Capacity: 7.8 mtpa Potential expansion to two train APLNG: multi train LNG facility Capacit
Slide 12: Velkerri Shale is Analogous to the Prolific Marcellus Shale
Velkerri Shale is Analogous to the Prolific Marcellus Shale Data from Beetaloo Energy’s wells, covering more than a million acres, confirms the Velkerri “B shale” reservoir properties are comparable with the prolific Marcellus Shale Effective Porosity (%) Excellent storage capacity 7% Gas in Place (
Slide 13: Two Focus Areas in the Basin
Two Focus Areas in the Basin 5 TCF gas pilot ready Carpentaria Project with >20 TCF Western Beetaloo resource1 Focus Area 1: Carpentaria Project (EP187) (5 TCF pilot ready) targeting first production in Q4 2026 to supply the Northern Territory Government under a 10-year binding Gas Sales Agreement2.
Slide 14: Stacked Play Improves Development Economics
Stacked Play Improves Development Economics Four Stacked Reservoirs Beetaloo Energy’s four Carpentaria-4 Type Section Stacked Play Development Example Depth Gas Saturation stacked shale reservoirs Gamma Ray M (ft) 0 100% are 5x thicker than the prolific Marcellus Shale C Shale (5000) Single Reservoi
Slide 15: Thickest Section of the Stacked Play Within Beetaloo Energy Permits
Thickest Section of the Stacked Play Within Beetaloo Energy Permits Combined Thickness of A, Intra A/B, B and C Velkerri Shales • Beetaloo Energy’s project areas located across the thickest section of stacked Velkerri Shale reservoirs in the basin • Carpentaria Project has >300 m gross thickness of
Slide 16: Carpentaria Project Has High-Quality, Low CO2 Gas
Carpentaria Project Has High-Quality, Low CO2 Gas Beetaloo Energy’s Carpentaria Project gas composition provides ~10% value uplift over dry gas Carpentaria Project gas has enhanced energy and value driven by its elevated ethane Carbon Dioxide - 0.9 % and low CO2 content which: Propane+ 1.8 % Nitroge
Slide 17: Activity in the Beetaloo Basin is Accelerating
Activity in the Beetaloo Basin is Accelerating Four multi-horizontal well projects located throughout the basin Beetaloo Energy Australia Limited 17
Slide 18: Capital Raising
ra Beetaloo Kw Eneray Capital Raising
Slide 19: Capital Raise Overview
Capital Raise Overview • Beetaloo Energy Australia Ltd (“Beetaloo Energy”, “BTL” or “the Company”) is undertaking an equity raising via a Placement and Share Purchase Plan (“SPP”) (collectively “the Offer”) to raise A$66.3 million via the issuance of 236,835,714 new fully paid ordinary shares (“New
Slide 20: Funding Sources & Uses
Funding Sources & Uses A$66.3M Placement fully funds the Carpentaria Pilot Project to first gas Sources A$M Uses A$M Placement 66.3 Completion of Carpentaria Gas Plant Works 36.5 Director Participation in Placement¹ 0.4 Additional Working Capital2 39.4 Upsized Macquarie Midstream Facility (undrawn)
Slide 21: Use of Funds - Carpentaria Pilot Project
Use of Funds - Carpentaria Pilot Project Beetaloo Energy is on track to deliver first gas sales from the Carpentaria Pilot Project in Q4 2026 Production Wells Carpentaria-2H, Carpentaria-3H and Carpentaria-5H EMP’s fully approved for additional pilot wells Facility Civil works for the Carpenta
Slide 22: Use of Funds - Carpentaria 5H Flow Test
Use of Funds - Carpentaria 5H Flow Test Carpentaria-5H (C-5H) achieved strong flow rates with enhanced permeability, underpinning long-term performance1 • Strong clean-up flow performance: C-5H achieved a peak gas flow rate of 11.2 TJ/day and a 30-day average of 7.1 TJ/day, with a Day-30 exit rate o
Slide 23: Use of Funds - Western Beetaloo Seismic Program
Use of Funds - Western Beetaloo Seismic Program Planned seismic lines oriented for future horizontal wells, focusing on the deepest area adjacent to key infrastructure Program Overview • In-fill 2D seismic and appraisal drilling focused across the proven Gas Discovery Area between Tarlee-S3 and Bird
Slide 24: Use of Funds - Territory Sands Investment
Use of Funds - Territory Sands Investment A$10 million investment securing local frac sand supply and reducing well frac costs Strategic Rationale Key Investment Terms • Frac sand is one of the largest cost inputs in horizontal well • Up to ~A$10m secured credit facility funding Territory Sands’ com
Slide 25: Refinanced Macquarie Credit Facility
Refinanced Macquarie Credit Facility Refinanced and upsized A$45 million Midstream Infrastructure Facility • Midstream facility refinanced and upsized to A$45 million to fund refurbishment and construction of the Carpentaria Gas Plant. • Financing is to be provided across three tranches: Upsized $
Slide 26: Equity Raise Timeline
Equity Raise Timeline Indicative timetable Event Date (2026) Placement Trading halt After Market Close Tuesday, 7 April Announcement of the results of the Placement Friday, 10 April Settlement of New Shares issued under the Placement Friday, 17 April Allotment and normal trading of New Shares issued
Slide 27: Appendix
ra Beetaloo Kw Eneray Appendix
Slide 28: Beetaloo Energy's Board of Directors
Beetaloo Energy’s Board of Directors Peter Cleary Alex Underwood Karen Green Louis Rozman Prof. John Warburton Chair Managing Director Non-Executive Director Non-Executive Director Non-Executive Director • Distinguished 29-year career • Associate Director Energy Markets • Over 37 years’ experience i
Slide 29: Resources
Resources¹ Beetaloo Energy 2C Contingent Resource of 1,906 PJ (1,625 BCF gas) and 3.5 MMBBLs liquids Beetaloo Energy P(50) Prospective Resource of 44,540 PJ (42 TCF gas) and 764 MMBBLs liquids 1. BTL announcement 29 May 23 Netherland, Sewell & Associates, Inc. Contingent and Prospective Resources, e
Slide 30: International Offer Restrictions
International Offer Restrictions This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this presentation may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside
Slide 31: International Offer Restrictions
International Offer Restrictions European Union (excluding Austria) This presentation has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this presentation may not be made available, nor may the New Shares be offered for sale, in
Slide 32: International Offer Restrictions
International Offer Restrictions Singapore This presentation and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this presentation and any other document or materia
Slide 33: International Offer Restrictions
International Offer Restrictions United Kingdom This presentation has not been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of Regulation 21 of the Public Offers and Admissions to Trading Regulations 2024 (“POATRs”)) has been p
Slide 34: Key Risks
Key Risks This section describes the key risks of investing in Beetaloo Energy together with the risks relating to participation or non-participation in the Placement and SPP. This is not an exhaustive list of risks and the risks set out below are not in order of importance. The risks set out below
Slide 35: Key Risks
Key Risks Reliance on Key Personnel The Company’s success depends on retaining key executives, technical staff and operational personnel. Rapid organisational growth increases pressure on capability and retention. Loss of key individuals could adversely impact performance and execution of the Compan
Slide 36: Key Risks
Key Risks Production Risk Production outcomes from existing assets may not meet forecast levels, which could reduce cash flow and adversely affect carrying values and future capital availability. Climate Change Risk Climate change may lead to regulatory changes, increased compliance costs, stakehold
Slide 37: Key Risks
Key Risks New risks arising from the Placement and SPP Risk of dilution Shareholders who do not participate in the Placement or the SPP will have their percentage security holding in Beetaloo Energy diluted. Depending on the size of a shareholder’s existing holding and the number of New Shares alloc
Slide 38: Beetaloo
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