Beetaloo Energy Australia Limited · ASX:BTL
Beetaloo Energy Australia — NAPE Summit Houston 2026
23 slides from Beetaloo Energy Australia's conference presentation, Feb 20, 2026
Slide 1: NAPE Summit Houston February 2026
For personal use only NAPE Summit Houston February 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Beetaloo Energy Australia Limited (“Beetaloo” or the “Company”). The information in this presentation is information of a general nature and is subject to change without notice. The information in this presentation does not purport to be complete, no
Slide 3: 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 For personal use only Beetaloo Energy Australia Limited 3
Slide 4: 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 Holds 100% interest in ~3 million net effective Beetaloo acres containing >46 TCFe 2U ~3 million ac For personal use only resource and
Slide 5: Beetaloo Energy Value Catalysts
Beetaloo Energy Value Catalysts Strategic Vision Value Proposition Phase 1 Carpentaria Pilot Project Largest 100% net acreage holder across the Beetaloo Basin • Up to 25 TJ/d and McArthur Basin • Targeting first revenue in 2026 For personal use only All acreage 100% owned and operated Key Near T
Slide 6: Corporate Snapshot
Corporate Snapshot Capital Structure (19 Feb 2026) BTL 12-Month Share Price & Volume (19 Feb 2026) Shares on issue1 1,244.1M 30 0.40 Share price A$0.25 0.30 20 Volume (m) For personal use only Price (A$) Market cap A$311.0M 0.20 Debt2 (31 Dec 2025) A$28.2M 10 0.10 Cash (31 Dec 2025) A$18.0M 0 0.00 E
Slide 7: Strategic Relationships
Strategic Relationships Beetaloo Energy’s strategic relationships in place to accelerate development in the Beetaloo Basin • World’s second-largest oil service company, responsible for most of the world's fracking operations • Successfully fracture stimulated Carpentaria-5H, the largest Services Pro
Slide 8: The World Needs New LNG Supply
The World Needs New LNG Supply Shell LNG Outlook 2025 indicates structural LNG shortages from 20341 For personal use only Increasing operational LNG Forecast LNG supply deficit Increasing reliance on LNG in supply shortage from 2025 from 2034 Asia and Europe 1. Shell LNG Outlook 2025, Feb 2025. Beet
Slide 9: Beetaloo Strategically Located Near Asian LNG Markets
Beetaloo Strategically Located Near Asian LNG Markets Australian domestic gas and Asian LNG indices trade at multiples of US Henry Hub prices LNG Tanker Sailing Days to Tokyo Bay1 Gas Market Reference Prices, US$/MMBtu For personal use only 4.01 7.26 7.96 3.25 US Henry Hub² Premium to Wallumbilla Hu
Slide 10: 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 (9.7 mtpa) For personal use only APLNG:
Slide 11: Australian Domestic Gas Supply Deficit Looming
Australian Domestic Gas Supply Deficit Looming Australian Energy Market Operator (AEMO) forecasting gas supply shortfalls in Southern States and Northern Territory gas supply shortfall from 2028 onwards Southern States AEMO Supply Forecast, PJ p.a.1 NT AEMO Supply Forecast, PJ p.a. 2 STTM Wholesale
Slide 12: Beetaloo Energy's Footprint Comparable to Marcellus Scale
Beetaloo Energy’s Footprint Comparable to Marcellus Scale Beetaloo Energy’s footprint in the Beetaloo Basin is comparable in size to significant portions of the core areas of the Marcellus Shale play in the Appalachian Basin • More than 9,000 wells are producing from similar depths to the Beetaloo p
Slide 13: 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% For personal u
Slide 14: Two Focus Areas in the Basin
Two Focus Areas in the Basin 5 TCF gas pilot ready Carpentaria Project with >20 TCF Western Beetaloo resource Focus Area 1: For personal use only Carpentaria Project (EP187) (5 TCF pilot ready) targeting first production in 2026 Focus Area 2: Western Beetaloo >20 TCF resource providing material dril
Slide 15: 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 For personal use only prolific Marcellus Shale C Shale
Slide 16: 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 For personal use only • Carpentaria Project has >300
Slide 17: 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 18: Accelerated Basin Wide Appraisal by Multiple Operators
Accelerated Basin Wide Appraisal by Multiple Operators Four multi-horizontal well projects located throughout the basin For personal use only Beetaloo Energy Australia Limited 18
Slide 19: Continuously Productive Shales Across The Basin
Continuously Productive Shales Across The Basin West East 48 km 112 km 87 km 62 km NATURAL NATURAL NATURAL NATURAL NATURAL For personal use only Datum on C Shale C Shale MiddleVelkerri Formation 100 m B Shale The organic-rich shales of the middle Intra A-B Shale Velkerri Formation show remarkable li
Slide 20: Western Beetaloo Work Program
Western Beetaloo Work Program On ground clearances completed for a multi-year seismic, drilling and stimulation program across the >1 million-acre Velkerri Shale play in Western Beetaloo • Planned in-fill 2D seismic and appraisal drilling are focused within the Gas Discovery Area between Tarlee-S3 a
Slide 21: Carpentaria-5H Clean-Up Flow Test
Carpentaria-5H Clean-Up 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 For personal use only Da
Slide 22: The Carpentaria Pilot Project
The Carpentaria Pilot Project Targeting first gas production in 2026 Production Wells Carpentaria-2H, Carpentaria-3H and Carpentaria-5H EMP’s fully approved for additional pilot wells For personal use only Facility Purchased 42 TJ/d capacity Carpentaria Gas Plant Civil works for the Carpenta
Slide 23: Beetaloo Energy Australia
Beetaloo Energy Australia oy