Independent evaluations have certified a substantial 1.6 trillion cubic feet (Tcf) of contingent dry gas in the reliable 2C category, indicating the promising scale of Beetaloo’s address, with solid recovery and flow prospectivity.
Beetaloo says this is just the tip of the iceberg in the broader sub-basin, which is estimated to harbour more than 200 Tcf of gas, placing Beetaloo at the forefront of what could emerge as one of Australia’s key onshore energy developments for reliable gas reserves.
Under its 2024 gas sales deal with the government, Beetaloo is committed to supplying a minimum of 25 terajoules (TJ) a day to the NT, with flexibility to increase to 35 TJ as output builds across its 10 additional wells.
Once operational, gas from the Carpentaria project will flow into the McArthur River pipeline, feeding directly into the Territory’s grid and generating royalties for local communities.
The swift timeline from approvals to FID highlights Beetaloo’s critical role in Australia’s gas supply future, positioning it to supply potentially several hungry markets well ahead of its expansive basin commercialisation.
With infrastructure funding already unlocked and civil works advancing, the company has now officially shifted from explorer to producer as it jostles to become one of Australia’s big industry players.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
