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Bounty Oil & Gas NL (ASX:BUY)

ALERT: Price-sensitive ASX Announcement for BUY
Current share price for BUY : $0.019 0.016 (533.33%)+
Announcement
Release
13 Feb 2025 9:51AM
Price at Release
$0.003
Full Release
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Summary
Bounty Oil & Gas N.L. announced that its joint venture operator, Asset Energy Pty Ltd, has applied for a judicial review in the Federal Court concerning a decision by the Commonwealth-New South Wales Offshore Petroleum Joint Authority. This decision, made on January 23, 2020, and March 17, 2021, rejected applications to vary and suspend conditions of Petroleum Exploration Permit NSW-11. The application seeks to quash the previous decision and remand the applications back for reconsideration.
Key Points
  • Bounty Oil & Gas N.L. (ASX: BUY) is involved in a judicial review process.
  • The review concerns a decision by the Commonwealth-New South Wales Offshore Petroleum Joint Authority.
  • The decision refused applications to vary and suspend conditions of Petroleum Exploration Permit NSW-11.
  • Asset Energy Pty Ltd is the joint venture operator for PEP-11.
  • The judicial review aims to quash the previous decision and seek reconsideration.
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.