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Bounty Oil & Gas NL ( (AU:BUY) ) just unveiled an update.
Bounty Oil & Gas NL has provided an update on the Federal Court proceedings concerning PEP-11, following the refusal of their joint venture applications by the National Offshore Petroleum Titles Administrator. The court hearing, initially scheduled for September 2025, was adjourned to the Federal Court in Sydney, with further orders pending. This legal development could impact Bounty’s exploration activities and its strategic positioning within the Australian oil and gas sector.
More about Bounty Oil & Gas NL
Bounty Oil & Gas NL is an Australian ASX-listed company engaged in the production and exploration of oil and gas. It generates gross oil revenue of A$1.2 million annually, with core assets in the Cooper/Eromanga Basins and the Surat Basin in Queensland. The company is involved in high-impact exploration projects across Australia, including a 15% direct interest in PEP 11 offshore Sydney Basin and exploration interests in Western Australia.
Current Market Cap: A$4.68M
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