Bounty Oil & Gas NL (AU:BUY) has released an update.
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Bounty Oil & Gas N.L. announced positive outcomes from their 3 well drilling campaign, maintaining oil production and identifying new exploration opportunities for 2025. Despite a marginal drop in petroleum revenue to $1.61 million, the company reduced its operating loss and has a solid financial position with $1.78 million in cash and no debt. The company is also engaged in legal discussions regarding the extension of offshore permits in the Carnarvon Basin, West Australia.
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