Bounty Oil & Gas NL (AU:BUY) has released an update.
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Bounty Oil & Gas NL reported a strong third quarter with cash assets totaling $1.06 million and no debt. The company is expanding its oil reserves in Queensland and is planning new drilling activities in the Cooper and Surat Basins, aiming to boost production significantly in 2025. Additionally, Bounty has secured a new agreement for offshore exploration in the Carnarvon Basin, indicating a promising outlook for future growth.
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