Company Overview - Beetaloo Energy has 1,237.8 million shares on issue with a share price of A$0.31, resulting in a market capitalization of A$383.7 million[11] - The company's debt stands at A$19.8 million, with cash reserves of A$27.4 million, leading to an enterprise value of A$376.2 million[11] - Top 20 shareholders hold 58.8% and top 50 shareholders hold 70.5% of Beetaloo Energy[11] Market Positioning and Strategy - Beetaloo Energy is strategically located near Asian LNG markets, where Australian domestic gas and Asian LNG indices trade at multiples of US Henry Hub prices[18] - The company holds 1.6 TCF (2C) and >47 TCFe (2U) of dry, gas-rich, LNG-quality natural gas within the Beetaloo Basin[32] - Beetaloo Energy has secured a domestic gas sale agreement with the Northern Territory government, ensuring local market access[33] Project Development and Resources - The Carpentaria Project (EP187) is a 5 TCF gas pilot project targeting first production in 2026[43] - The company's acreage has a high Net Revenue Interest of ~85% compared to a typical US NRI of ~75%[41] - The Carpentaria Project has >300 m gross thickness of A, Intra A/B, B and C Shale reservoirs[47] Financial and Operational Highlights - Approximately A$90 million (US$60 million) has been invested to deliver >1,739 PJ (~1.5 TCF) in the EP187 Carpentaria Pilot Project[69] - The company has a 10-year binding gas sales agreement with the Northern Territory Government for up to 25 TJ/d (~75PJ total, net to Beetaloo)[84] - Beetaloo Energy has secured a A$65 million financing package with Macquarie Bank for the Carpentaria Pilot Project[85]