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Bounty Oil & Gas NL ( (AU:BUY) ) has provided an announcement.
Bounty Oil & Gas NL reported its financial results for the year ending June 30, 2025, highlighting a production and contingent oil reserve of 0.62 million barrels in Queensland, with cash assets of $0.96 million and no debt. Despite a decrease in petroleum revenue to $1.09 million due to lower production, the company expects an increase to $2.4 million in 2026. The operating loss was $1.62 million, attributed to non-cash expenses and rehabilitation costs. Bounty is actively working on extending offshore permits in the Carnarvon Basin and planning to commence production from its PL 2 Alton block. The company is also involved in a Federal Court hearing regarding the PEP 11 permit extension, as Eastern Australia faces gas supply challenges.
More about Bounty Oil & Gas NL
Bounty Oil and Gas NL is an independent Australian oil and gas explorer and producer, operational since 1999. The company focuses on land acquisition, exploration, and oil development, with production in Naccowlah, Queensland, and exploration interests in the Surat Basin and offshore Carnarvon Basin, WA. It also holds significant offshore exploration interests, including PEP 11 in the Sydney Basin.
Current Market Cap: A$4.68M
For a thorough assessment of BUY stock, go to TipRanks’ Stock Analysis page.