Federal Approval Paves Way for Beetaloo’s EP187 Gas Sales

Federal Approval Unlocks Gas Sales Potential

Beetaloo Energy Australia Limited has reached a significant regulatory milestone with the Federal Minister granting approval to vary the Exploration Deed for its EP187 tenement. This approval, mandated under the Aboriginal Land Rights (Northern Territory) Act 1976, permits the sale and beneficial use of appraisal gas extracted from the site. It follows the earlier consent from the Traditional Owners of the Mambaliya Rrumburriya Wuyaliya Aboriginal Land Trust, underscoring the collaborative approach taken in advancing the project.

Next Steps Toward Northern Territory Government Approval

While the Federal nod is a critical step, Beetaloo Energy still awaits final approval from the Northern Territory Government under the Petroleum Act 1984. This approval is necessary before the company can fully commercialize gas sales and continue appraisal drilling activities. Managing Director Alex Underwood highlighted that once secured, this will enable ongoing gas sales and appraisal drilling over several years, facilitating the field’s development and proving its commercial viability.

Local Market Benefits and Operational Progress

The appraisal gas from EP187 is slated to be delivered into the Northern Territory’s local market under an existing gas sales agreement with the NT Government. This arrangement promises to provide affordable and reliable energy to the region while generating royalties that benefit the wider community. Meanwhile, operational momentum continues with the restart of flow testing at the Carpentaria-5H well, a key appraisal activity that will inform the project’s next phases. Results from this testing are anticipated in the coming weeks, offering further insight into the resource’s potential.

Strategic Position in a Resource-Rich Basin

Beetaloo Energy holds a commanding position in the McArthur Basin and Beetaloo Sub-basins, controlling nearly 29 million acres of exploration tenements. The company’s extensive work since 2010 has revealed substantial conventional and unconventional hydrocarbon potential, with the Beetaloo Sub-basin recognized for its world-class volumes. The recent approvals and ongoing appraisal efforts position Beetaloo Energy to capitalize on this resource base amid increasing industry activity in the region.