Beetaloo Energy Australia Completes Stimulation at Northern Territory Well; Shares Reach Near One-Year High

MT Newswires Live

2025/07/08

Beetaloo Energy Australia (ASX:BTL) said oil service company Halliburton completed hydraulic stimulation on its Carpentaria-5H well in Beetaloo Basin exploration permit 187 in the Northern Territory, according to a Tuesday filing with the Australian bourse.

The company is scheduled to conduct a coiled tubing run to clean out the wellbore and initial flow back, followed by shut-in for soak until mid-August, with flow testing starting after the soak period, the filing said.

Shares fell 2% in midday trade Tuesday and earlier reached their highest since September 2024.

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