BPH Energy Ltd (ASX:BPH)

ALERT: Price-sensitive ASX Announcement for BPH

Current share price for BPH : $0.003 -0.005 (-62.50%)⁺

Announcement

PEP11 Update

Release

19 Jun 2026 10:01AM

Price at Release

$0.008

Full Release

Summary

BPH Energy Ltd announced that the Federal Court of Australia dismissed the application for judicial review regarding the PEP11 permit, in which BPH holds a significant indirect interest. The application, filed by Asset Energy Pty Ltd and Bounty Oil & Gas NL, sought to challenge the refusal by the Commonwealth-New South Wales Offshore Petroleum Joint Authority to modify and extend the PEP11 permit. Despite procedural fairness issues, the court upheld the refusal due to overriding public interest considerations. The PEP11 is considered a promising natural gas site off the New South Wales coast. BPH Energy, along with joint venture participants, is considering an appeal while a separate renewal application by Advent Energy awaits assessment.

Key Points

Federal Court dismisses application for judicial review of PEP11 applications.
BPH Energy holds a 35.8% interest in Advent Energy Limited.
Application for judicial review was brought by Asset Energy Pty Ltd and Bounty Oil & Gas NL.
Decision of the Commonwealth-New South Wales Offshore Petroleum Joint Authority refusing applications to vary, suspend and extend the PEP11 Permit stands.
Asset was denied procedural fairness, but it was not material as public interest justified refusal.
PEP11 is located offshore the lower Hunter Region in NSW, covering approximately 4,649 square kilometres.
The PEP11 Joint Venture considers the Permit highly prospective for natural gas.
Advent Energy to consider appeal and engage Senior Counsel.
Advent has separately applied for renewal of the PEP11 permit, which remains under consideration by NOPTA.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.