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Bounty Oil & Gas NL ( (AU:BUY) ) has shared an announcement.
Bounty Oil & Gas NL reported a quarterly revenue of $272,000 from its oil production activities in the Naccowlah Block, with expectations of increased revenue as production in the Surat Basin commences. The company has increased its oil reserves to 413,000 barrels, leveraging recent acquisitions and discoveries. Legal proceedings are underway regarding the PEP 11 Offshore Sydney Basin project, with a hearing scheduled for February 2026. The company is positioning itself to address Australia’s domestic oil and gas challenges and anticipates significant revenue growth in the coming years.
More about Bounty Oil & Gas NL
Bounty Oil & Gas NL is a company operating in the oil and gas industry, focusing primarily on the exploration and production of oil reserves. The company is actively involved in projects within the Naccowlah Block and Surat Basins in Queensland, Australia, and is expanding its operations with acquisitions in the Surat Basin and development in the Cooper Basin.
Current Market Cap: A$4.68M
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