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3 stories mentioning ASX:BTLUpdated 9d ago

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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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