Beetaloo Energy Australia Limited (ASX:BTL) is a gas development company, with onshore Northern Territory (NT) gas exploration and development assets.
BTL has the largest tenement position in the highly prospective Greater McArthur Basin, which includes the Beetaloo Sub-basin.
On the back of a successful share placement, BTL has secured some $66m of equity financing (@28cps), with up to an additional tranche of $5.4m subject to shareholder approvals from directors and a SPP.
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Beetaloo Energy Australia - New Financing Secures Path to First Gas