Professional
Added to YB: 2026-10-14
Pitch date: 2026-10-06
BTL.AX [bullish]
Beetaloo Energy Australia Limited
-9.43%
current return
Author Info
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Company Info
Beetaloo Energy Australia Limited, together its subsidiaries, engages in the production and sale of oil and natural gas in Australia.
Market Cap
AUD 361.9M
Pitch Price
AUD 0.27
Price Target
0.97 (+313%)
Dividend
N/A
EV/EBITDA
-19.65
P/E
-16.62
EV/Sales
13.1K
Sector
Oil, Gas and Consumable Fuels
Category
value
Beetaloo Energy Australia (ASX:BTL) - Dipping a toe in the Taroom Trough Deeps
BTL.AX (hold): Beetaloo Energy is the preferred exposure to the Beetaloo Basin gas case, with $125m of June 30 liquidity expected to fully fund Carpentaria to first gas by end-2026. The shares are viewed as a value arbitrage against a $0.97/share midpoint NAV. A 25%-interest Taroom Trough entry adds low-cost, high-risk/high-reward liquids optionality, with early work commitments not expected to materially affect Carpentaria funding, though commerciality remains unproven.
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