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Bounty Oil & Gas NL (ASX:BUY)

ALERT: Price-sensitive ASX Announcement for BUY
Current share price for BUY : $0.017 0.014 (466.67%)+
Announcement
Release
31 Oct 2025 9:27AM
Price at Release
$0.003
Full Release
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Summary
Bounty Oil & Gas NL's Quarterly Activities Report for September 2025 highlights a revenue of $272,000 from the Naccowlah Block and an increase in oil reserves in Queensland to 413,000 barrels. The company plans to start production in the Surat Basin in early 2026, which is expected to boost revenues significantly. Legal challenges continue with the PEP 11 Offshore Sydney Basin project, with a Federal Court hearing scheduled for February 2026. The report also indicates a decrease in cash flow from operations, closing the quarter with $611,000 in cash.
Key Points
  • Bounty Oil & Gas NL reported a quarterly oil revenue of $272,000 from the Naccowlah Block.
  • The company's oil reserves in Queensland increased to 413,000 barrels due to Surat Basin acquisitions and other projects.
  • Bounty anticipates commencing oil production in the Surat Basin in early 2026, expected to significantly increase revenue.
  • Bounty is involved in legal proceedings regarding the PEP 11 Offshore Sydney Basin project, with a court hearing scheduled for February 2026.
  • The company's cash flow from operations showed a net decrease, with a cash balance of $611,000 at the end of the quarter.
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.