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9 stories mentioning ASX:BTLUpdated 6d ago

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Asia

Beetaloo Energy Signs MOU With Halliburton for Digital Hub; Shares Hit 52-Week Low

Beetaloo Energy Australia (ASX:BTL) and Halliburton have entered into a non-binding memorandum of understanding (MOU) to explore collaboration on the proposed Beetaloo Digital integrated power and data center development in Australia's Northern Territory, according to a Thursday filing with the Australian bourse.Halliburton will provide expertise in upstream gas development, drilling, field planning, and power solutions, supporting the company's plan to develop a vertically integrated project that leverages Beetaloo Basin gas resources to power hyperscale data centers and artificial intelligence infrastructure, per the filing.The 185-hectare Weddell project near Darwin is being developed by a consortium covering gas supply, pipeline infrastructure, power generation, and data center operations, the filing said.The initiative remains subject to further studies, financing, partnerships, and regulatory approvals, the filing added.The company's shares fell 2% in recent Thursday trade, hitting a 52-week low.

ASX:BTL
Asia

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

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.

ASX:BTL
Asia

Update: Beetaloo Energy Australia Secures Northern Territory Land for Data Center Development; Shares Jump 13%

(Updates with the stock movement in the headline and last paragraph.)Beetaloo Energy Australia (ASX:BTL) said the Northern Territory government granted the company exclusivity over 185 hectares of contiguous land in the Weddell locality for the proposed Beetaloo Digital integrated power and data center development, according to a Wednesday filing with the Australian bourse.The exclusivity provides Beetaloo Energy certainty to seek consortium partners and advance preliminary front-end engineering design studies, per the filing.The company said it is in commercial discussions for a strongly aligned joint venture.The development is located near the state government's proposed Darwin Energy Hub and aims to accelerate the development of the Beetaloo Basin gas resource, with the energy demand of data center operations underpinning remaining capacity."We intend to overbuild generation capacity, providing the Northern Territory the potential to gain a reliable, large-scale baseload electricity source as a direct outcome of this development," said Beetaloo Energy Managing Director Alex Underwood.The company's shares jumped 13% in recent Wednesday trade.

ASX:BTL
Asia

Beetaloo Energy Australia Secures Northern Territory Land for Data Center Development

Beetaloo Energy Australia (ASX:BTL) said the Northern Territory government granted the company exclusivity over 185 hectares of contiguous land in the Weddell locality for the proposed Beetaloo Digital integrated power and data center development, according to a Wednesday filing with the Australian bourse.The exclusivity provides Beetaloo Energy certainty to seek consortium partners and advance preliminary front-end engineering design studies, per the filing.The company said it is in commercial discussions for a strongly aligned joint venture.The development is located near the state government's proposed Darwin Energy Hub and aims to accelerate the development of the Beetaloo Basin gas resource, with the energy demand of data center operations underpinning remaining capacity."We intend to overbuild generation capacity, providing the Northern Territory the potential to gain a reliable, large-scale baseload electricity source as a direct outcome of this development," said Beetaloo Energy Managing Director Alex Underwood.

ASX:BTL
Asia

Beetaloo Energy Australia Says Flow Testing Completed at Northern Territory Gas Well; Shares Down 5%

Beetaloo Energy Australia (ASX:BTL) said flow testing at the Carpentaria-5H gas well in the Northern Territory was completed, according to a Monday Australian bourse filing.It achieved a peak rate of over 14 terajoules per day, an average rate of 6.9 terajoules per day over the 30-days testing, and an exit rate of around 6.7 terajoules per day, per the filing.The Carpentaria-5H well is currently shut-in and will be tied in for production along with the Carpentaria-2H and Carpentaria-3H wells.The company's shares fell past 5% in recent trading on Monday.

ASX:BTL
Asia

Beetaloo Energy Australia Says Flow Testing Underway at Northern Territory Gas Well

Beetaloo Energy Australia (ASX:BTL) said flow testing at the Carpentaria-5H gas well in the Northern Territory began on June 11, according to a Wednesday Australian bourse filing.The flow testing currently underway resulted in a peak rate of over 14 terajoules per day, an average rate of 7 terajoules per day, and a current rate of around 6.7 terajoules per day. Since reopening, the water rate has dropped to around 500 barrels per day from around 1,300 barrels per day, with the water rate continuing to fall.The construction of the Carpentaria gas plant is proceeding to plan, on time, and on budget. First gas sales from the pilot project remain on track for the December quarter.A 233 line-kilometer infill Birdum Creek 2D seismic survey began acquisition across the deeper eastern portion of the gas discovery area in EP167 and EP168, both also located in the Northern Territory.

ASX:BTL
Asia

Beetaloo Energy Australia Says Northern Territory Gas Plant Installation Ongoing

Beetaloo Energy Australia (ASX:BTL) said all Carpentaria pilot project site civil works are complete, and the installation of the Carpentaria gas plant in the Beetaloo sub-basin of the Northern Territory is ongoing, according to a Thursday Australian bourse filing.The company said the camp at the Carpentaria pilot project reopened in May, and work on the gas plant ramped up. Construction of the gas gathering pipelines to link the gas plant to the three pilot wells is underway.Carpentaria-5H extended production test is set to start mid-June, subject to final clean up, per the filing.

ASX:BTL
Asia

Beetaloo Energy to Resume Flow Testing at Northern Territory Gas Well in Q2; Shares Rise 3%

Beetaloo Energy Australia (ASX:BTL) is set to resume flow testing at its Carpentaria-5H gas well in the Northern Territory during the second quarter, according to a Thursday filing with the Australian bourse.The company said it ended the first quarter with a liquidity position of AU$14.3 million, including AU$7.5 million in cash and AU$6.8 million in undrawn funding.Beetaloo Energy shares gained 3% in recent Thursday trade.

ASX:BTL
Asia

Beetaloo Energy Australia Launches AU$5 Million Share Purchase Plan

Beetaloo Energy Australia (ASX:BTL) has launched a share purchase plan (SPP) to raise up to AU$5 million, following a successful AU$66.3 million institutional placement priced at AU$0.28 per share, according to a Monday Australian bourse filing.The SPP is priced at AU$0.28 per new share and will require shareholder approval at the annual general meeting on May 29, as it is issued within 12 months of the previous SPP and must comply with Australian Securities Exchange listing rules, per the filing.Shareholders in Australia and New Zealand who are eligible as of April 9 may participate, with application amounts ranging from a minimum of AU$500 to a maximum of AU$30,000, subject to reduction for any prior SPP participation in May 2025, the filing added.

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