Bounty Oil & Gas lifts Queensland reserves, reshapes board as it advances Cooper and Surat projects

An announcement from Bounty Oil & Gas NL ( (AU:BUY) ) is now available.

Bounty Oil & Gas NL reported oil revenue of approximately $495,000 for the half-year to 31 December 2025, driven by production from its small interest in the Naccowlah Block in southwest Queensland, and confirmed that its producing and contingent oil reserves and resources in Queensland rose to 413,000 barrels following Surat Basin acquisitions and projects targeting recent Cooper Basin discoveries. The company said oil development in the Cooper Basin is advancing with access commencing to proved Westbourne Formation reserves near Jackson Field, it is working to return its 100%-owned Surat Basin fields to production in 2026 and assessing deeper oil-condensate potential at Alton Field, and it continues to pursue a judicial review of the decision to refuse an extension for the PEP 11 permit offshore New South Wales, while a reshaped board and management team is intended to strengthen its positioning as it executes its Australian growth strategy.

The most recent analyst rating on (AU:BUY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Bounty Oil & Gas NL stock, see the AU:BUY Stock Forecast page.

More about Bounty Oil & Gas NL

Bounty Oil & Gas NL is an ASX-listed Australian oil producer and explorer focused on onshore basins in Queensland and New South Wales. Its primary activities include oil production from the Naccowlah Block in southwest Queensland, redevelopment of 100%-owned fields in the Surat Basin, and appraisal and development of additional reserves and resources, including interests in the Cooper Basin and the offshore Sydney Basin (PEP 11). The company is pursuing a strategy to grow its domestic oil and gas portfolio through development of existing assets and potential new ventures.

Current Market Cap: A$4.68M

See more data about BUY stock on TipRanks’ Stock Analysis page.