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The latest update is out from Bounty Oil & Gas NL ( (AU:BUY) ).
Bounty Oil & Gas NL has announced an update regarding the Federal Court hearing dates for the judicial review of the Commonwealth-New South Wales Offshore Petroleum Joint Authority’s decision related to PEP-11. The hearing is scheduled for 16 and 17 September 2025. The application seeks to quash or set aside the decision and remit the applications for reconsideration. This development could impact Bounty’s operations and its position within the industry, as it involves significant exploration interests in the Sydney Basin.
More about Bounty Oil & Gas NL
Bounty Oil & Gas NL is an Australian oil producer and explorer listed on the ASX under the code BUY. The company generates gross oil revenue of A$1.2 million annually and focuses on petroleum production and exploration in the Cooper/Eromanga Basins and the Surat Basin in Queensland. Bounty is involved in several high-impact projects across Australia, including a 15% direct interest in PEP 11 offshore Sydney Basin and exploration interests in Western Australia.
Current Market Cap: A$3.12M
For a thorough assessment of BUY stock, go to TipRanks’ Stock Analysis page.