How Beetaloo Energy’s $35M Raise and Hydraulic Stimulation Propel Carpentaria Pilot
Beetaloo Energy Australia Limited has completed a $35 million capital raise and successfully finished hydraulic stimulation of its Carpentaria-5H well, setting the stage for production expected in 2026. Traditional Owner consent and strong liquidity underpin the company’s next development phase.
- $35 million share placement and strong SPP participation completed
- Hydraulic stimulation of Carpentaria-5H well successfully finished
- IP30 flow rate results expected by late September 2025
- Traditional Owner consent secured for appraisal gas sales
- Construction of Carpentaria Pilot Project to start in Q4 2025 with production in 2026
Capital Raise and Corporate Milestones
Beetaloo Energy Australia Limited marked a pivotal quarter with the completion of a $35 million share placement and share purchase plan (SPP), demonstrating strong investor confidence. Alongside this, the company officially changed its name to Beetaloo Energy Australia Limited, signaling a renewed corporate identity aligned with its strategic ambitions in the Northern Territory’s Beetaloo Basin.
Hydraulic Stimulation Breakthrough
The company successfully completed the hydraulic stimulation of the Carpentaria-5H horizontal well, a 20-day campaign that pushed the boundaries of Australian shale gas operations. This stimulation covered nearly 3,000 metres within the Velkerri Formation’s B Shale, employing innovative design improvements and achieving pumping rates exceeding 100 barrels per minute. The operation set new benchmarks for efficiency and scale in the basin, with no safety incidents reported.
Awaiting Critical IP30 Flow Rate Results
Following the stimulation and initial flowback, the Carpentaria-5H well is currently in a soak phase, with extended production testing (IP30) scheduled to conclude by late September. These flow rate results will be crucial in validating the well’s commercial viability and informing the next steps toward full-scale production.
Traditional Owner Consent and Regulatory Progress
Significantly, Beetaloo Energy secured Traditional Owner consent for the sale of appraisal gas from the Carpentaria Pilot Project. This agreement, supported by the Northern Land Council, represents a key regulatory and community milestone, ensuring that the project proceeds with Indigenous stakeholders’ endorsement and benefits.
Looking Ahead – Pilot Project and Infrastructure Development
Construction of the Carpentaria Pilot Project is slated to commence in the fourth quarter of 2025. This includes installation of wellhead connections, flowlines, and the Carpentaria Gas Plant, which will link to the Macarthur River Gas Pipeline. Production is anticipated to start in 2026, backed by a solid liquidity position of $55 million and access to additional funding facilities with Macquarie Bank. The company also secured co-funding for a LiDAR geophysical survey to accelerate development.
Bottom Line?
As Beetaloo Energy prepares for critical flow test results and infrastructure build-out, the next quarter will be decisive in confirming its path to commercial gas production.
Questions in the middle?
- Will the IP30 flow rate results meet expectations to support commercial production?
- How soon will the Midstream Infrastructure Facility funding be drawn down following regulatory approvals?
- What are the long-term implications of the Traditional Owner agreement on project timelines and community relations?
