Beetaloo Energy Australia Says Flow Testing Completed at Northern Territory Gas Well; Shares Down 5%

MT Newswires Live

07/13

Beetaloo Energy Australia (ASX:BTL) said flow testing at the Carpentaria-5H gas well in the Northern Territory was completed, according to a Monday Australian bourse filing.

It achieved a peak rate of over 14 terajoules per day, an average rate of 6.9 terajoules per day over the 30-days testing, and an exit rate of around 6.7 terajoules per day, per the filing.

The Carpentaria-5H well is currently shut-in and will be tied in for production along with the Carpentaria-2H and Carpentaria-3H wells.

The company's shares fell past 5% in recent trading on Monday.

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