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Beetaloo Energy Australia Advances Northern Territory Gas Plant Construction in June Quarter

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Beetaloo Energy Australia (ASX:BTL) advanced construction of the Carpentaria gas plant in the Northern Territory in the quarter ended June 30, with key plant components installed on site, according to a Tuesday filing with the Australian bourse.

The project is slated for commissioning in the fourth quarter, the filing said.

The company also started Carpentaria-5H flow testing in June, achieving an average rate over 30 days of 6.9 terajoules per day and an exit rate of 6.7 terajoules per day, per the filing.

Shares fell 2% in morning trade Tuesday.

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