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💥Applying this multiple to 0.46 million acres in the Carpentaria East Pilot Project, BTL is currently valued at less than 3% of the median US peer valuation

Applying this multiple to 0.46 million acres in the Carpentaria East Pilot Project, BTL is currently valued at less than 3% of the median US peer valuation

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Valuation: Acreage value comparisons

In the last five months, the median acreage valuation multiple for our US Shale Gas peer group has declined from A$26,055/acre to A$21,600/acre - reflecting a stronger A$ (vs US$) and an adjustment for acreage holdings for several of the peer group. See Figure 4.

Applying this multiple to 0.46 million acres in the Carpentaria East Pilot Project, BTL is currently valued at less than 3% of the median US peer valuation.

This represents an extraordinary valuation disconnect given the substantial technical de-risking achieved in the basin, including successful execution of the largest shale stimulation in Australian history at Carpentaria-5H and the imminent re-assembly of the 42 TJ/d Carpentaria Gas Plant.

With the Beetaloo Basin rapidly advancing to pilot production and a foundation gas sales agreement in place with the Northern Territory Government, we have no doubt that large US unconventional operators will continue to watch the Beetaloo Basin participants closely as potential strategic growth opportunities.

Figure 4. Acreage Valuation Comparables

Https://beetalooenergy.com/wp-content/uploads/BOE_19092025_Beetaloo_Energy_Australia_BTL.pdf

Https://www.datacenterdynamics.com/en/news/tamboran-resources-pitches-5bn-natural-gas-powered-data-center-for-us-and-aussie-defense-agencies/?utm_source=chatgpt.com

It’s likely going to fire up in the next week or so..

Beetaloo Energy Australia Limited (BTL.AX) Carpentaria-5H Operations Update September 8th 2025

Since Beetaloo Energy Australia Limited (BTL.AX) (EEGUF) successfully stimulated Carpentaria-5H with 67 stages across a 2,955 metre lateral length of the wellbore in July 2025, Beetaloo Energy has been focused on cleaning up the well in preparation for the IP30 flow test. 

During the clean-up phase, flowback has been conservatively managed to prioritise production of pumped water while maintaining the quality of the fracture network that has been established for long-term gas productivity. 

Beetaloo Energy has focused on returning pumped water to surface while cleaning up to optimise gas production over the life of the well. 

Beetaloo Energy has observed substantial associated gas flows during this clean up period (see gas flare image below) and gas flows have continued to increase during this period. 

The well has now been shut in for a period of 'soaking' prior to commencement of IP30 flow testing. 

IP30 flow test results are expected to be announced in October 2025. 

"The Beetaloo Energy team is pleased that the stimulation of Carpentaria-5H has generated an extensive network of fractures within the Middle Velkerri B shale from which we have flowed back both water as planned and significant associated gas during the clean-up phase. 

Learning from previous wells, we have applied a conservative flowback strategy, focused on returning water to surface at measured rates to maintain the quality of the fracture network. We have been pleased with the strong performance of the well during the clean-up period. 

The considered approach we are taking is to optimise our IP30 flow test and sale of appraisal gas to the NT Government commencing in mid-2026. 

We look forward to announcing the IP30 flow test results following the reopening of the well. " 

- Alex Underwood, Managing Director 


🔥

https://www.apa.com.au/news/transmission-industry-insights/beetaloo-the-pipeline-to-the-territory-s-future

Mr £10k been back again today ..

Slide 14

Interest foot note - the expect to increase the working interest

(3) TBN expects to hold >48.5% Working Interest in the Northern Pilot Area. Final working interest to be settled following the successful stimulation of the SS-3H and SS-4H wells.

Yep like it..

Con’t -

"We're not strong in manufacturing. They are low-margin assets. There's nothing naturally that sets us up for advantage."

Smith said ASM has deliberately chosen to locate low-margin manufacturing facilities close to end markets in Korea and the US, where magnet manufacturers have operations.

"I don't know any magnet manufacturer that's talking globally about putting into Australia - it makes no sense to put it here, there's no end market, there's no natural advantage," she said.

"We have to be realistic, and if we do, then we have got a once-in-a-generation opportunity to establish ourselves in these new, emerging supply chains from a real position of strength."

Cont-

Santos deal complicates the picture

The proposed $36 billion takeover of LNG exporter Santos from Abu Dhabi's national oil company is further complicating the picture for Japan, with Terazawa underscoring the importance of retaining flexibility in where LNG can be sent if the takeover occurs.

Newsfeed

He said Middle Eastern LNG exporters have very strict restrictions on where cargoes can be shipped, but that Japan needed to be able to send it elsewhere because of the uncertainty around future demand. Any reduction in the ability to redirect Australian LNG resulting from a takeover of Santos could be "a problem", Terazawa said, confirming suspicions that LNG buyers have worries about the deal.

"If it's under the control of a Middle East country, they may favour having a similar kind of a contract, and that is a problem for Japan and Asia, because we need more flexibility," Terazawa said.

Meanwhile, Rowena Smith, chief executive of Australian Strategic Minerals, which is developing a rare earths mining project in Dubbo, NSW, but has located its metals processing plant in South Korea, called for Australia to be

"realistic" in its ambitions for downstream processing under Canberra's

Future Made in Australia policy.

"It's important when you're thinking about your national strategy to build on your strengths and play to your advantage and then do as much as you can to value add leveraging that," Smith said.

"Australia's resource-rich - we've got ... first class mining and mineral processing capability, and we've got a really strong relationship with large manufacturing jurisdictions, and they're the things we should be playing to.

Australia risks failing to capitalise on the unpredictability of US energy exports under President Trump because of uncertainty on the rules for its east coast gas market and the world's toughest emissions limits for LNG, the head of a Tokyo-based energy think-tank has warned.

Tatsuya Terazawa, chairman and chief executive of the Institute of Energy Economics in Japan, said a rebound in demand for electricity in Japan meant gas would remain an important fuel, with Australia "a very, very important supplier" of LNG both for Japan and the broader Asian region.

But that would require stable and predictable policies around energy, which are now lacking, Terazawa suggested at the Financial Review Asia Summit in Sydney. Australia is one of the world's top three exporters of LNG, the fastest-growing fossil fuel market

"We hope that Australia will be a reliable supply of LNG, and that would require stability in the policy, predictability in policy," Terazawa said.

"That's what the US doesn't have, and that has been the asset of Australia, but now it's being questioned."

The comments come as the Albanese government is reviewing three critical regulatory regimes for east coast domestic gas, which could reduce the amount of LNG able to be exported from the east coast. Japan has also been hit by requirements for zero emissions for new gas projects, such as Santos' $6.1 billion Barossa, which is about to come online in the Timor Sea to feed the Darwin LNG plant.

"Australia requires zero emissions on day one - nowhere else in the world there's such a requirement," Terazawa said.

"Hopefully, there can be a balance struck between climate change issues and the stability of LNG."

Https://www.afr.com/companies/energy/don-t-throw-away-advantage-over-us-in-gas-australia-warned-20250909-p5mtku

🔥 https://youtu.be/OvLqf2L-hMI?si=o9m82N-nJYLP3R63

I’d like to watch that if you could share an invite ..

Good evening Mr M … our good friend Seb seems to be very quiet at the moment?

The SP is certainly fickle at the moment... will be buying more in the morning

Bluesy - I was referring to the number of buys v sells.. Im aware the volumes are really low but that bodes well when the direction of travel for the Sp is north...

💥 Strong Buying today…