BPH Energy Limited ( (AU:BPH) ) has provided an announcement.
BPH Energy Limited, along with its joint venture partner Bounty Oil & Gas NL, is contesting a decision by the National Offshore Petroleum Titles Administrator to refuse their applications related to the PEP 11 project. Asset Energy Pty Ltd, a subsidiary of Advent Energy, has filed for a judicial review in the Federal Court, seeking to overturn the decision and have the applications reconsidered. The court has set a timeline for the submission of documents and affidavits, with a hearing scheduled for September 2025. This legal action could impact BPH Energy’s operations and its positioning in the offshore petroleum industry.
More about BPH Energy Limited
BPH Energy Limited operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in joint ventures and invests in energy projects, with a significant interest in Advent Energy Limited.
YTD Price Performance: -9.09%
Average Trading Volume: 770,561
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.96M
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