Bounty Oil & Gas NL ( (AU:BUY) ) has provided an update.
Bounty Oil & Gas NL reported a petroleum revenue of $0.63 million for the half-year ending December 31, 2024, with total sales of 5,373 barrels of crude oil. The company anticipates stable oil production in 2025 from its Naccowlah Block and is preparing for production at its Alton site, expecting stable crude oil prices to enhance its resources. Additionally, Bounty is involved in exploration projects in the Sydney Basin and Carnarvon Basin, with no impairments reported during the period.
More about Bounty Oil & Gas NL
Bounty Oil & Gas NL is an energy company operating in the oil and gas industry. The company focuses on petroleum exploration, development, and production, with interests in various blocks and basins in Australia, including the Naccowlah Block in Queensland and the Alton project in the Surat Basin.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.96M
Find detailed analytics on BUY stock on TipRanks’ Stock Analysis page.