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Bounty Oil & Gas NL ( (AU:BUY) ) just unveiled an update.
Bounty Oil & Gas NL announced that the National Offshore Petroleum Titles Administrator has refused the Joint Venture Applications for PEP 11. The permit will remain in force for two months from January 17, 2025. The joint venture is considering legal options to review the decision, which may impact Bounty’s exploration plans and stakeholder interests in the region.
More about Bounty Oil & Gas NL
Bounty Oil & Gas NL is an Australian ASX-listed company engaged in oil production and exploration, with core assets in the Cooper/Eromanga and Surat Basins in Queensland. The company is focused on growth through high-impact projects across Australia, including a 15% direct interest in the PEP 11 offshore Sydney Basin and potentially significant oil and gas exploration interests in Western Australia.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.48M
Learn more about BUY stock on TipRanks’ Stock Analysis page.
